Construction Cost Index Rose by 37.94% Year-on-Year in October

In October 2024, the construction cost index increased by 1.48% compared to the previous month and by 37.94% compared to the same month last year. According to th...

Total Revenue Increased by 41.2% Year-on-Year

In October, the total turnover recorded an annual increase of 41.2%. According to the statement made by the Turkish Statistical Institute (TÜİK), the turnover ind...

STOCK EVALUATION - Yapı Kredi Investment Maintains Target Price of 7.8 TL and "Hold" Recommendation for AKGRT-Aksigorta

Forex -

MARKET OVERVIEW - Stock Market Opens with Buying Momentum

Forex - The BIST 100 index started the day with an increase of 33.35 points at 10,132.38.
According to the Forex News survey, the BIST 100 index was expected to...

Binance Forms Partnership to Intensify Stablecoin Competition

The second largest stablecoin issuer in the crypto market, Circle Internet Financial Ltd., is preparing to expand the usage of its USDC token in collaboration wit...

Ergün Holding Acquires MNG Factoring

Forex - Ergün Holding has acquired MNG Factoring following the completion of legal processes and the BDDK approval as of December 11, 2024.

Özbey Ergün, the Cha...

Binance to Boost USDC Usage on Its Platform

Forex - The issuer of the stablecoin USDC, Circle Internet Financial Ltd., and the cryptocurrency exchange Binance have announced a partnership to expand the use ...

Three Engineering/Jokester: Our Country's Electricity Demand is Growing by 4.4% Annually

Foreks - The world is increasing sustainable energy investments to combat climate change and thereby reduce environmental risks. In Turkey, which imports 75% of t...

As Trade Risks Rise for Trump, Chinese Officials Consider a Weaker Yuan

High-level Chinese leaders and policymakers are contemplating allowing the yuan to weaken by 2025 while preparing for the possibility of higher trade tariffs unde...

Koton Concludes 2024 with 7 Awards

Koton, the leading brand in the fashion industry, crowned its successes in 2024 by winning 7 awards from various organizations and categories. Strengthening its s...

China Automobile Manufacturers Association: Consumption Stimulus Policy Should Be Extended to Next Year

Forex - The China Automobile Manufacturers Association has called on the government to extend the trade-in options for old vehicles as part of measures to stimula...

EY Holiday Shopping Survey 2024 Released

Foreks - EY (Ernst & Young) released the Holiday Shopping Survey 2024 report, which indicates that spending patterns are being shaped by economic fluctuations, re...

Japanese Auto Workers to Demand Monthly Wage Increase of 12,000 Yen

In Japan, the Automotive Workers' Union Confederation has set a specific target for wage negotiations for the first time in seven years. Unions representing worke...

Yandex Turkey Begins Testing Ride-Hailing Service in Antalya

Forex - Yandex Turkey announced that it has started testing its ride-hailing application, Yandex Go, in Antalya.

According to the company’s statement, this serv...

Ripple Approved for Its Stablecoin: XRP Recovers Rapidly

Ripple has reached an important milestone by obtaining final approval from the New York Department of Financial Services (NYDFS) for its stable cryptocurrency, RL...

Global Investment Bank Awaits Regulatory Changes for Crypto Trading

Goldman Sachs (GS) CEO David Solomon stated that regulations need to change for the investment bank to engage more deeply with the cryptocurrency markets. Solomon...

Forex News: BIST100 Closing Forecast Survey Results Are In

In a survey conducted by analysts for Foreks, the median forecast for the closing difference of the BIST100 index was -31.71 points, while the average forecast wa...

Bain Capital Raises Offer for Fuji Soft to $63.35 Per Share

Bain Capital is preparing to raise its bid for the acquisition of Japanese software company Fuji Soft. According to a recent report, Bain Capital plans to offer a...

Mercedes-Benz Announces Changes to Its Board of Directors

Mercedes-Benz announced that four new members will join its board of directors in 2025. The Stuttgart-based automaker stated on Wednesday that this change will ta...

Trade Minister Bolat Meets with Economic Cooperation Organization Secretary General Khan in Tehran

Forex - Minister of Trade Ömer Bolat met with Secretary General of the Economic Cooperation Organization Asaad Majeed Khan in Tehran.
In a statement made on X, ...

Market Outlook: Euro Risk Premium Narrows Further

Forex - The credit spread or risk premium in euros has further narrowed. UniCredit Research analysts stated, "Both bank and non-financial sector credit spreads co...