Latvian central bank head Kazaks warns against excessive interest rate cuts by the ECB

According to Martins Kazaks, a member of the ECB Governing Council and the President of the Latvian Central Bank, the European Central Bank should further lower i...

Meta Seeks to Block OpenAI's Shift to Profit-Driven Company

Meta, the parent company of Facebook, is supporting Elon Musk's efforts to prevent OpenAI from transforming from a non-profit organization into a for-profit compa...

Housing Prices in China's Major Cities Show Slower Decline in November

In November, housing prices in major cities in China showed a slower decline as the effects of government support measures for the real estate sector began to man...

New Home Sales in China Show Signs of Easing Decline

Forex - The decline in new home sales in China has slowed as policymakers ramp up their efforts to end the collapse in the property market. According to the Natio...

Market Outlook: China Faces Challenges in Sustainable Recovery

According to Julian Evans-Pritchard, the head of China economics at Capital Economics, China's disappointing November data highlights the challenges Beijing faces...

Chinese CNOOC Sells U.S. Assets to British INEOS

CNOOC Ltd, a Chinese company, has sold its U.S. subsidiary along with its oil and gas assets in the Gulf of Mexico to British chemicals group INEOS. The Chinese o...

Latvian Central Bank Governor Kazaks Cautions Against Overly Aggressive ECB Rate Cuts

According to Martins Kazaks, a member of the ECB Governing Council and Governor of the Bank of Latvia, the European Central Bank should lower interest rates furth...

According to Russia's Richest Businessman, 100-110 Rubles for the Dollar is "Reasonable"

Forex - Russia's richest businessman, Vladimir Potanin, stated on Saturday that an exchange rate of 100 to 110 rubles per US dollar is "reasonable" as it balances...

Petkim Completes Initial Feasibility Study for New Project Involving the Installation of Process Units and Modernization of Facilities

Petkim (IS:PETKM) has completed the initial feasibility study for a new project that includes the establishment of new process units and the modernization of the ...

Number of Companies Departing the London Stock Exchange Hits 15-Year High

Forex - Former CEO of the London Stock Exchange Group, Xavier Rolet, warned that the London Stock Exchange has become "extremely uncompetitive." Rolet, who led LS...

Economists Cut Fed Rate Cut Predictions Amid Trump Inflation Concerns - FT

According to a survey of academic economists, the U.S. Federal Reserve is expected to take a more cautious approach to interest rate cuts due to concerns that the...

Automotive Production Plummets by 15.4% in November

Forex - Automotive production in November 2024 decreased by 15.4% compared to the same month last year. According to the report released by the Automotive Industr...

Petkim Completes Initial Feasibility Study for New Project Involving Process Unit Installations and Facility Modernization

Foreks - Petkim (IS:PETKM) has completed the initial feasibility study for a new project that involves the establishment of new process units and the modernizatio...

UK Approves Daniel Kretinsky's £3.6 Billion Bid for Royal Mail's Parent Company

Forex - The sale of Royal Mail's parent company to a Czech billionaire has been approved by the government. According to reports, the £3.6 billion transfer by Dan...

JPMorgan and Moody's Analytics Anticipate Rate Hike from BOJ

Forex - JPMorgan (NYSE:JPM) and Moody's published investor notes this morning predicting that the Bank of Japan (BOJ) will implement a rate hike during its policy...

"Russia's Wealthiest Man Considers 100-110 Rubles 'Reasonable' for the Ruble's Value Against the Dollar"

Forex - Russia's richest man, Vladimir Potanin, stated on Saturday that an exchange rate of 100 to 110 rubles per US dollar is "reasonable" as it balances the int...

Italy Ready to Collaborate with Stellantis if Jobs and Facilities are Preserved

Forex - Prime Minister Giorgia Meloni stated that the Italian government is willing to work with Stellantis NV on the automaker's future strategy, provided that i...

MARKET OVERVIEW - Iron Ore Declines Amid Weak Demand and Impact of Chinese Real Estate Data

Iron ore futures prices declined to their lowest levels in the past week, affected by a drop in short-term demand and bearish sentiment from grim real estate data...

Market Outlook: Copper Falls Amid China's Mixed Economic Data

Copper prices in London fell as China's economic data showed a mixed recovery across various sectors, while a decline in the US dollar provided some support.

Th...

TANKER REPORT - 37 Tankers Located in Black Sea Ports

In the Black Sea ports, there are a total of 37 tankers, marking the first leg of their journey to reach the world through the Istanbul and Çanakkale Straits. Acc...

TANKER REPORT - LNG Tanker from Norway Expected to Arrive in Turkey on December 22

Foreks - The LNG tanker carrying liquefied natural gas (LNG) loaded at Norway's Melkoya port is expected to arrive at the BOTAŞ terminal in Marmara Ereğlisi over ...