S&P 500 Faces Resistance, BTIG Sees Potential for a Pullback

BTIG analysts have shared their views on recent market movements, noting that the S&P 500 Index (SPX) has returned to a downward trend from its all-time high. Fol...

Chart - Historical Development of Consumer Prices (CPI) on a Monthly and Yearly Basis

Forex -

Index
 
 
 
 
 
 
 
 
 
 
 

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BofA Sees Limited Inflation Risk in Turkey, Expects Rate Cut from Central Bank

Turkey's inflation rate for December stood at 1.03%. This figure fell short of the consensus estimate of 1.6% and Bank of America's (BofA) forecast of 1.5%. The s...

İŞKUR Facilitates Employment for 1,453,833 Individuals in 2024

Forex - In 2024, a total of 1,453,833 individuals were facilitated in finding employment by İŞKUR. Minister of Labor and Social Security Vedat Işıkhan stated via ...

Beta Bionic's IPO Application: A Step Towards Public Offering

(Update - January 6, 2025, 4:28 PM EST)
Beta Bionic (BBNX) has filed for an initial public offering (IPO).
The company describes itself as: "We are a commerci...

IPA: The Share of Pension Income in Total Earnings Decreases from 18.3% to 15.6%

According to research, the number of retirees in Turkey increased by 85.3% between 2009 and 2024, while the share of retirement salaries within total income decre...

Treasury Minister Şimşek to Speak at London Conference on January 15th

Forex - Minister of Treasury and Finance Mehmet Şimşek will participate in the Turkey Conference organized by BofA Securities in London next week.

The conferenc...

Foreign Smartphone Sales in China Plummet 47% in November

According to data from the China Academy of Information and Communications Technology (CAICT), the shipments of foreign-branded smartphones, including Apple (NASD...

Samsung Electronics Plans to Boost Artificial Intelligence in Consumer Electronics

Samsung Electronics plans to increase its artificial intelligence efforts in devices to surpass global market growth in the consumer electronics segment this year...

Cenk Alper, CEO of Sabancı Holding, Becomes the Sole Turkish Executive on the WBCSD Board of Directors

Foreks - The annual General Assembly of the World Business Council for Sustainable Development (WBCSD), one of the leading business platforms for sustainable deve...

Capital Economics Expects a Gradual Slowdown in China's Government Bond Yields Decline

Foreks - James Reilly from Capital Economics stated that despite the yields on Chinese government bonds, including the 10-year yield, dropping to a record low of ...

ASELSAN Signs Contract Worth €210.2 Million

A contract worth 210.2 million euros has been signed between ASELSAN and the DEARSAN-DESAN-ÖZATA partnership. According to the announcement made by ASELSAN, the c...

Citi Economists Anticipate Rising Unemployment Rates in the U.S.

Citi's economists are more pessimistic than most about the state of the labor market and have a bleak forecast for the December employment report set to be releas...

Market Outlook: GBP May Face Pressure if BoE Cuts Rates More Than Expected

Forex - Derek Halpenny from MUFG Bank stated that the Pound could be impacted by the possibility of the Bank of England reducing interest rates more than the mark...

Fed Board Member Barr to Resign from Oversight Vice Chair Position

According to a statement from the Fed, Vice Chair Michael Barr will step down from his position as Vice Chair for Supervision on February 28 or potentially earlie...

Borusan EnBW Energy's Installed Capacity to Reach 935 MW by 2025

Foreks - Borusan EnBW Energy's installed capacity will reach 935 MW by 2025. On its 15th anniversary, Borusan EnBW Energy continues its mission to lead Turkey's g...

Market Outlook: Iron Ore Declines Amid Surging Supply and Disappointing Chinese Stimulus

Forex - Iron ore contracts declined for the third session due to disappointment over rising raw material stocks used in steel production and the lack of further m...

COOKSHOP Becomes Major Partner of Turkey’s First Door-to-Door Healthy Meal Plan Service, Rafinera, and Rafinera Cloud Kitchen

Foreks - COOKSHOP continues its globalization, institutionalization, and sustainable growth strategy with new acquisitions and partnerships. COOKSHOP has become a...

TANKER REPORT - A Tanker Departed from Ceyhan BTC, Another Tanker is Loading

ForEx - A tanker has departed from the Ceyhan BTC Terminal, which is the second step in transporting oil via the Baku-Tbilisi-Ceyhan (BTC) pipeline from Azerbaija...

The Share Sale Process of Mutlu Akü Successfully Completed Under the Financial Advisory of Garanti BBVA

Foreks - In a transaction where Garanti BBVA served as the exclusive financial advisor on the seller side, Mutlu Akü has been acquired by Quexco Inc, a Dallas, Te...

Codelco's Copper Production Sees Modest Increase in 2024

In an interview with a newspaper, Maximo Pacheco, the President of Codelco, a state-owned mining company operating in Chile, stated that Codelco's copper producti...