IMF Grants Initial Approval for $1.2 Billion Fourth Review for Egypt

The International Monetary Fund (IMF) has announced that it has reached a staff-level agreement regarding the fourth review under the Extended Fund Facility arran...

Astor Energy Signs Contracts for Two Large Power Transformers in Spain

Foreks - Astor Enerji (IS:ASTOR) A.Ş has signed an agreement for the supply of two 125 MVA, 220/30 kV power transformers with British Petroleum's Spanish subsidia...

China to Focus on Stabilizing Housing Market Even in 2025

According to reports, efforts to stabilize China's real estate market and prevent further declines will continue into 2025. The report indicates that China will s...

ITO President Avdagiç: Once Visa Acquisition Ceases to Be a Barrier, Turkish Business World Will Elevate Its Current Potential

Foreks - Istanbul Chamber of Commerce (ITO) President Şekib Avdagiç stated, "We strongly condemn the issue of visas being used like the sword of Damocles over Tur...

Weekly API Crude Oil and Petroleum Products Stocks in the U.S.

Forex -

API Stocks
Net Change
(Barrel)

Date
Oil
Gasoline
Distillates

December 20, 2024
-3,200,000
-3,900,000
-2,500,000

December 13, 2...

Astor Energy Signs Contracts for Two Large Power Transformers in Istanbul

Foreks - Astor Enerji (IS:ASTOR) A.Ş has signed an agreement for the supply of two 125 MVA, 220/30 kV power transformers to be used in a solar energy project with...

China's Central Bank Provides 300 Billion Yuan in One-Year Loans to Banks, Interest Rates Unchanged

Forex - The People's Bank of China did not change the interest rate while conducting its medium-term lending facility operation. According to the announcement, th...

Oil Prices Maintain Steady Course

Forex - Starting the week with optimism that the announced economic stimulus efforts will lead to a recovery in China, oil prices have settled into a sideways tre...

Shanlıurfa's Eyyübiye District Designated as Shanlıurfa Industrial Zone

Forex - An area located in the Eyyübiye district of Şanlıurfa has been designated as the Şanlıurfa Industrial Area. The presidential decision regarding this matte...

All Passenger and Light Commercial Models Under Stellantis Support HVO Diesel Fuel

Foreks - Stellantis continues to invest in innovative and clean energy sectors. All Stellantis passenger and light commercial vehicles support the use of Hydrogen...

Google Leverages Anthropic's Claude to Enhance Gemini AI

According to internal communications viewed by TechCrunch, contractors working on Google's (NASDAQ: GOOGL) Gemini artificial intelligence are comparing their outp...

New 40% Local Production Requirement Introduced for Tax Exemption on Vehicles for the Disabled

In the foreign exchange market, a 40% local contribution requirement has been introduced for the Special Consumption Tax (SCT) exemption applied to vehicles for i...

According to a New Report, U.S. Home Prices Rose Again Last Month

According to a new report, home prices in the U.S. rose again last month. Prices increased by 0.5% in November compared to October, marking the third consecutive ...

Şişecam's Flat Glass and Frosted Glass Production Facility Capacity Expansion and Additional Coated Glass Production Project Enters EIA Process

The Environmental Impact Assessment (EIA) process has begun for the Flat Glass and Mirror Production Capacity Increase and Additional Coated Glass Production proj...

Weekly PAJ Oil and Petroleum Products Stocks in Japan

Forex -

PAJ Stocks
(Kiloliters)
 
 
 
 
(Percentage)

Date
Oil
Gasoline
Jet Fuel
Kerosene
Diesel
KKO

21.12.2024
10,242,751
1...

JPMorgan Expects TCMB to Kick Off Rate Cuts with a 150 Basis Point Decrease

Forex - JPMorgan (NYSE:JPM). They reported that they expect the Central Bank of the Republic of Turkey (CBRT) to begin its gradual interest rate cut process with ...

TANKER REPORT - Two Tankers Loading at Ceyhan BTC

Two tankers are loading at the Ceyhan BTC Terminal, which is the second step in delivering oil from Azerbaijan via the Baku-Tbilisi-Ceyhan (BTC) pipeline to count...

TANKER REPORT - 43 Tankers Docked at Black Sea Ports

In the Black Sea ports, there are a total of 43 tankers, which is the first step for the oil arriving in the region to reach the world via the Istanbul and Çanakk...

Tekfen Holding Attracts 500 Million TL Demand in Financing Bond Issuance

Forex - Tekfen is continuing to diversify its funding base with new financial instruments to implement new investments and strengthen the capital of its group com...

Market Outlook: Iron Ore Volatile in Dalian Amid Cautious Chinese Stimulus

Despite hopes of more stimulus from China supporting the market, iron ore futures in Dalian traded within a narrow range due to weak trading resulting from the Ch...

TANKER REPORT - Three Tankers to Transit the Dardanelles and Istanbul Straits

Forex - There are no issues with transit passages through the Istanbul Strait, which is one of the most important routes for transporting oil from the Black Sea r...