News

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04 Apr 2025 04:02

TMSF puts Turkish Trade Bank up for sale

Daily News

The Savings Deposit Insurance Fund (TMSF) has put 10.7 billion shares of Türk Ticaret Bankası AŞ, currently owned by TMSF at a rate of 98.4 percent, up for sale t...

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04 Apr 2025 04:02

Tesla is preparing to invest in a factory in Mexico

Daily News

US electric vehicle manufacturer Tesla is preparing to invest in a production facility in Mexico. Mexican President Andres Manuel Lopez Obrador said that Tesla wo...

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04 Apr 2025 04:02

Discount on maximum price limit in the day-ahead market for electricity

Daily News

The Energy Market Regulatory Authority (EPDK) has made changes regarding minimum and maximum price limits in the day-ahead and balancing power markets. According ...

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04 Apr 2025 04:02

Eni buys two major gas fields from BP in Algeria

Daily News

Italian energy company Eni has announced that the closing of the acquisition of BP’s gas fields in Algeria “In Amenas” and “In Salah” has been completed. Italian ...

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04 Apr 2025 04:02

Death toll from earthquakes rises to 45,089

Daily News

The Disaster and Emergency Management Presidency (AFAD) reported that 45,089 people lost their lives in the earthquakes centered in Kahramanmaraş on February 6. A...

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04 Apr 2025 04:02

Companies that get chip incentives in the US will have to share excess profits

Daily News

In the US, President Joe Biden's administration is requiring chip companies that receive incentives from the program, which also includes $52.7 billion in support...

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04 Apr 2025 04:02

Japan approves 114.3 trillion yen draft budget for fiscal 2023

Daily News

Japan’s House of Representatives has approved a draft budget for the 2023 fiscal year worth 114.3 trillion yen (about $840 billion). The new fiscal year draft bud...

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04 Apr 2025 04:02

Strong recovery in China's manufacturing indicator

Daily News

Manufacturing activity in China posted its fastest monthly growth in 11 years in February as factories reopened following the Lunar New Year holiday. The manufact...

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04 Apr 2025 04:02

Asian stock markets rise on data from China

Daily News

Asia-Pacific stocks were mostly higher as investors assessed a range of key economic data in the region. China’s National Bureau of Statistics reported that its m...

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04 Apr 2025 04:02

Moody's Türkiye raises growth forecast

Daily News

The international credit rating agency Moody's has raised its growth forecasts for many G20 economies, including Turkey. Moody's raised its growth forecast for th...

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04 Apr 2025 04:02

New chip manufacturing facility from Japan

Daily News

Japanese semiconductor chip consortium Rapidus announced that it will establish a chip manufacturing facility in the northernmost Hokkaido region of the country w...

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04 Apr 2025 04:02

The history of Tofaş, which acquired Stellantis Turkey, from 1968 to the present

Daily News

Turkish automotive giant Tofaş announced that it has signed a Framework Agreement to acquire all rights of Stellantis Turkey. We have compiled the development of ...

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04 Apr 2025 04:02

Asian stock markets fall

Daily News

Asia-Pacific stocks traded lower as Fed officials reiterated that more rate hikes are needed to control inflation, with investors bracing for more hikes ahead. Mi...

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04 Apr 2025 04:02

Fed Chair Powell to Speak to Senate and House of Representatives

Daily News

Fed Chair Jerome Powell will present to the House Financial Services Committee. Fed Chair Jerome Powell will present to the Senate Banking Committee on Tuesday, M...

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04 Apr 2025 04:02

Fed's Kashkari: Open to rate hikes of 25 or 50 basis points

Daily News

Minneapolis Fed President Neel Kashkari said the Fed is open to raising interest rates by 25 or 50 basis points at its next meeting. Minneapolis Fed President Nee...

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04 Apr 2025 04:02

China warns bankers of 'hedonistic' lifestyle

Daily News

In China, the relevant regulatory agency has asked bankers to “put aside their hedonistic lifestyle” and “stop copying Western styles.” The latest in a series of ...

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04 Apr 2025 04:02

February record for automotive sales

Daily News

According to the data of the Automotive Distributors and Mobility Association (ODMD), light commercial and automobile sales were realized as 81 thousand 148 units...

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04 Apr 2025 04:02

338.5 million liras of "capacity" support for power plants

Daily News

Turkish Electricity Transmission Inc. (TEİAŞ) will make capacity payments of approximately 338.5 million liras to 44 electricity generation plants for December 20...

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04 Apr 2025 04:02

The decision to establish a research commission on earthquakes was published in the Official Gazette

Daily News

The TBMM decision regarding the establishment of the Parliamentary Investigation Commission regarding the earthquakes centered in Kahramanmaraş was published in t...

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04 Apr 2025 04:02

Regulation on SCT base for electric cars

Daily News

The regulation on the Special Consumption Tax base for electric vehicles was published in the Official Gazette. According to the decision published in the Officia...

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04 Apr 2025 04:02

Asian stock markets rise

Daily News

Asian stocks rose as surveys showed a sharp recovery in Chinese services. Asia-Pacific stocks rose on Friday after Wall Street gained overnight after Atlanta Fed ...

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