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04 Apr 2025 04:02

The richest man in the world lost $11 billion of his fortune

Daily News

The world’s richest man, Bernard Arnault, lost $11 billion after LVMH stock crash. The world’s richest man, Bernard Arnault, had $11.2 billion wiped from his fort...

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04 Apr 2025 04:02

US budget deficit hits $240 billion in May

Daily News

The US federal government's budget deficit came in above expectations at $240 billion in May. The US Treasury Department released its budget balance report for Ma...

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04 Apr 2025 04:02

UK inflation hits steepest fall in 30 years

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The downward momentum in annual inflation in the UK continued in April. Annual inflation in the country fell to its lowest level in a year at 8.7 percent. It was ...

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04 Apr 2025 04:02

Ghana becomes Africa's largest gold producer again

Daily News

The West African country of Ghana has once again become the continent’s largest gold producer, with a 32 percent increase in gold production last year. Ghana Cham...

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04 Apr 2025 04:02

Asian stocks rise ahead of Fed

Daily News

Asian stocks were mostly higher on Tuesday as U.S. inflation forecasts were down and the Nikkei hit new highs for 2023. Asia-Pacific stocks were broadly higher on...

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04 Apr 2025 04:02

Inflation in India at lowest level since January 2021

Daily News

India’s inflation rate falls to lowest level since January 2021 India’s consumer price index rose 4.25 percent year-on-year in May, the lowest inflation rate sinc...

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04 Apr 2025 04:02

China's central bank cuts short-term lending rate for first time in 10 months

Daily News

The People's Bank of China has cut its short-term lending rate for the first time since August 2022. The interest rate was cut from 2.0% to 1.90% in the bank's se...

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04 Apr 2025 04:02

US inflation outlook falls to two-year low

Daily News

U.S. inflation expectations for the next 12 months fell to the lowest level since May 2021, according to a New York Fed survey. Consumers are increasingly optimis...

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04 Apr 2025 04:02

Erdemoğlu sells Sasa shares to foreigners

Daily News

Erdemoğlu Holding sold 3.55 billion TL worth of Sasa shares to foreign institutional investors. Erdemoğlu Holding sold shares in Sasa to foreigners. According to ...

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04 Apr 2025 04:02

Attention on US inflation

Daily News

Global markets have turned their attention to US inflation. A moderate softening is expected in US core consumer inflation to be announced today. US May inflation...

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04 Apr 2025 04:02

New incentive package preparations in China

Daily News

It was reported that China is working on an incentive plan that includes regulations and interest rate cuts for the real estate sector. While China has made a sur...

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04 Apr 2025 04:02

Fed to track market sentiment on Twitter

Daily News

The US Federal Reserve (Fed) has created a new measure of credit and financial market sentiment using Natural Language Processing on Twitter data. The Fed's repor...

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04 Apr 2025 04:02

Jeremy Hunt: Food inflation is worryingly high

Daily News

British Finance Minister Jeremy Hunt stated that although inflation fell to 8.7 percent in April, food inflation remained “worryingly” high. In his assessment of ...

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04 Apr 2025 04:02

Sasa A Team at Qatar Economic Forum

Daily News

The Sasa A Team, led by Erdemoğlu Holding Chairman İbrahim Erdemoğlu, attended the Qatar Economic Forum. The Qatar Economic Forum, which was held for the third ti...

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04 Apr 2025 04:02

Lagarde: ECB determined to fight high inflation

Daily News

European Central Bank (ECB) President Christine Lagarde stated that the bank is determined to fight inflation and will bring interest rates to sufficiently restri...

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04 Apr 2025 04:02

EU calls for "reduce energy support"

Daily News

The European Union (EU) Commission has requested member states to comply with the union's fiscal rules and reduce current energy support measures by the end of th...

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04 Apr 2025 04:02

Asian stock markets mixed ahead of Fed

Daily News

Asian markets were mixed after the Fed meeting and the U.S. inflation rate hit a two-year low. Asia-Pacific markets were mixed after U.S. inflation rose to a two-...

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04 Apr 2025 04:02

"The financial situation is suitable for the Qatari riyal to be indexed to the dollar"

Daily News

Qatar Central Bank Governor Bandar bin Mohammed bin Saud Al Thani announced that the country’s financial situation is suitable for the local currency to be pegged...

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04 Apr 2025 04:02

South Korea's unemployment hits record low in May

Daily News

South Korea’s unemployment rate fell by 2.5 percent in May. South Korea’s unemployment rate hit a record low of 2.5 percent in May, a level last seen in August 20...

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04 Apr 2025 04:02

Copper prices at 6-month low

Daily News

Copper prices fell below $8,000 per tonne for the first time in six months following weak economic data from China following the end of COVID-19 restrictions. Cop...

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04 Apr 2025 04:02

South Korea's unemployment hits record low in May

Daily News

South Korea’s unemployment rate fell by 2.5 percent in May. South Korea’s unemployment rate hit a record low of 2.5 percent in May, a level last seen in August 20...

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