Category: Business

Ether-Bitcoin ratio dives to lowest in over 3 years

ISTANBUL: The ratio between Ethereum and Bitcoin, the world’s top two cryptocurrencies, plummeted Sunday to its lowest level in more than three years.

The ETH/BTC ratio decreased 2.8% on Sunday and dove below the 0.04 mark for the first time since Ap…

Bitcoin, cryptos fall after assassination attempt on Trump

ISTANBUL: Bitcoin and cryptocurrencies were on decline Monday after an assassination attempt on former US President and Republican nominee Donald Trump.

Bitcoin, the world’s largest cryptocurrency, was trading just above $57,825 at 11.42 a.m. EDT (15…

US stocks open Monday on mixed note

ISTANBUL: Major US stock exchanges opened Monday on a mixed note.

The Dow Jones Industrial Average increased 330 points, or 0.8%, to 41,726 as of 9.54 a.m. EDT (1354GMT). The SandP 500 rose six points, or 0.12% to 5,632

The Nasdaq Composite, on the …

Commodity markets boom with sharp rises last week

ISTANBUL: Commodity markets followed a positive course with sharp rises last week, as the expectations for a 50-basis-point rate cut by the Fed gained strength, while bond yields and the US Dollar Index retreated.

Former Fed official William Dudley s…

Euro area posts international trade surplus of $23.6B in July

ISTANBUL: The international trade surplus in the euro area was at pound 21.2 billion ($23.6 billion) in July, Eurostat announced on Monday.

The euro area exports to the rest of the world totaled pound 252 billion, up 10.2% year-on-year, while imports…