News

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12 Dec 2024 10:59

Access to Global Cryptocurrency Exchanges Restricted from Turkey

Daily News

The Capital Markets Board (CMB) imposed a ban on the cryptocurrency exchange MEXC in Turkey with a decision made on December 11, 2024. This decision is believed t...

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12 Dec 2024 10:50

China's Instagram Rival Xiaohongshu Boosts Annual Profit to $1 Billion Ahead of Potential IPO

Daily News

Xiaohongshu Technology Co., the company behind the popular Instagram-like app Xiaohongshu, expects to double its profit in 2024, surpassing $1 billion. This could...

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12 Dec 2024 10:40

Active Bank/Utku: Building Financial Bridges with Collaborations Among 450 Banks Across the African Continent

Daily News

Foreks - Aktif Bank continues its pioneering efforts in the field of international banking. The only Turkish bank with a stand at the Africa Finance Summit held i...

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12 Dec 2024 10:35

OYAK Cement's Ready-Mixed Concrete Plant Capacity Increase Project Receives 'No EIA Required' Decision

Daily News

In relation to the ready-mixed concrete facility capacity increase project planned by OYAK Cement, the decision of 'Environmental Impact Assessment is not require...

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12 Dec 2024 10:30

Swiss Rate Cut: DXY Steady, CHF Declines, EUR/USD Holds Firm

Daily News

This week in Europe, while interest rate decisions are being made, the US dollar remains generally stable, with the euro showing slight gains ahead of the Europea...

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12 Dec 2024 10:30

AİMSAD/Kaçak: The Sector with a Current Surplus Will Maintain Its Export Momentum

Daily News

The woodworking machinery sector, which closed the previous year with 160 million dollars in exports, is preparing to end 2024 with the same figure. Since 2017, t...

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12 Dec 2024 09:52

Swiss Franc (CHF) Drops After SNB's Larger-than-Expected Rate Cut

Daily News

The Swiss franc experienced a sharp decline following an unexpected interest rate cut by the central bank. The currency fell to its weakest level in two weeks, re...

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12 Dec 2024 09:50

MARKET OUTLOOK - Swiss National Bank Doesn't Need to Cut Rates Significantly

Daily News

Foreks - In a note written after the Swiss National Bank surprised consensus with a half-point rate cut, Melanie Debono from Pantheon Macroeconomics stated that t...

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12 Dec 2024 09:49

UBS Prefers GBP, AUD, and CHF; Neutral on JPY, Bearish on CNY

Daily News

UBS has a positive outlook for the British pound (GBP), Australian dollar (AUD), and Swiss franc (CHF) within the G10 currency group. The financial services firm ...

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12 Dec 2024 09:47

UBS Expects Decline in Upcoming Data for EUR/JPY and EUR/GBP

Daily News

UBS has emphasized the importance of upcoming economic indicators rather than the recent European Central Bank (ECB) meeting when sharing its forecasts on the pot...

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12 Dec 2024 09:42

Citi: Stablecoins Could Strengthen the Dollar's Dominance

Daily News

A report published by Citi (C) analysts highlights that stablecoins account for more than three-quarters of the cryptocurrency trading volume and are largely pegg...

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12 Dec 2024 09:36

IEA Raises 2025 Oil Demand Forecast Due to China's Stimulus Packages

Daily News

The International Energy Agency (IEA) has revised its oil demand projections upward for 2025, citing economic stimulus measures in China. The Paris-based organiza...

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12 Dec 2024 09:35

London Stock Exchange Sells 4.92% Stake in Euroclear to TCorp for €455 Million

Daily News

Forex - The London Stock Exchange Group sold its 4.92% stake in the financial services firm Euroclear to TCorp for 455 million euros. Euroclear is a Belgium-based...

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12 Dec 2024 09:25

TÜSIAD Chairman Turan: The Fight Against Inflation Must Include the Public Sector as Well

Daily News

Forex - TÜSİAD Chairman Orhan Turan stated that the fight against inflation should be continued in a way that includes the public sector. Turan made the opening s...

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12 Dec 2024 09:25

BNP Paribas Markets 360 Predicts Euro Will Decline to Parity Against Dollar by 2025

Daily News

Forex - Sam Lynton-Brown from BNP Paribas (EPA:BNPP) stated that the Euro is expected to continue to decline against the dollar and reach parity by 2025. Lynton-B...

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12 Dec 2024 09:20

Anadolu Group's New Motor Yacht Brand AIATA Set to Make a Bold Entrance into the Boating Industry

Daily News

Foreks - Anadolu Group will introduce its new boat brand, AIATA, produced in Turkey, at the 2025 Düsseldorf Boat Show from January 18 to 26. The first model of th...

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12 Dec 2024 09:15

SNB Board Member Tschudin Sees a Mild Recovery for the Swiss Economy in 2025

Daily News

Forex - Petra Tschudin, a member of the Swiss National Bank (SNB) Governing Board, stated that the SNB expects a slight increase in the growth rate of the Swiss e...

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12 Dec 2024 09:15

TÜSİAD YIK Chairman Aras: Steps Taken in Monetary Policy Are Incomplete Without Supporting Structural Reforms

Daily News

Forex - Ömer Aras, Chairman of TÜSİAD High Advisory Council, stated that the steps taken in the right direction in monetary policy remain insufficient if not supp...

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12 Dec 2024 09:10

IEA Raises Oil Demand Forecast for 2025

Daily News

Forex - The International Energy Agency (IEA) has raised its oil demand forecasts for next year citing the impact of China's stimulus measures, but noted that gro...

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12 Dec 2024 09:05

Yılmaz: Current Account Surplus Continues for the Fifth Consecutive Month

Daily News

Forex - Vice President Cevdet Yılmaz indicated that the current account balance showed a positive level of $1.9 billion in October, continuing to record surpluses...

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12 Dec 2024 09:00

Market Outlook: Dollar Could Strengthen After US PPI Data and ECB Interest Rate Decision

Daily News

Forex - Chris Turner from ING stated that if the data released at 1630 GMT shows that U.S. producer price inflation is higher than expected, the U.S. dollar could...

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