Fed's Hawkish Stance Pulls Bitcoin Below $100K, Altcoins Plummet

Bitcoin lost approximately 7% of its value following the FOMC meeting as the Fed adopted an unexpectedly hawkish stance, testing levels below $100,000. The Fed re...

Istanbul Stock Exchange Opens Lower: Which Stocks Took the Lead?

The BIST 100 index, which is traded on Borsa Istanbul, started the day with a decrease of 0.65% at 9,851.29 points. The BIST 100 concluded yesterday's trading ses...

How Did Other Central Banks Respond Following the Fed?

The Hong Kong Monetary Authority has followed the U.S. Federal Reserve's decision to cut interest rates by lowering its own rates by 25 basis points. Meanwhile, c...

Treasury and Finance Minister Şimşek Engages in Talks in Oman

Forex - The Minister of Treasury and Finance, Mehmet Şimşek, is making an official visit to Muscat, the capital of Oman, as part of the 12th Meeting of the Joint ...

EBRD/Falcetti: Structural Reforms and Systemic Issues on the Horizon

Forex - Elisabetta Falcetti, Managing Director for Turkey and the Caucasus at the European Bank for Reconstruction and Development (EBRD), stated that the private...

Istanbul Traders Club Association/Onel: SMEs Are Looking for a Backup Plan

Forex - İlker Önel, President of the Istanbul Traders Club Association, stated that a year marked by both inflation and aggressive measures to suppress it has pas...

Çimsa/Zenar: Building Digital Networks Among Our Facilities, Customers, and Distributors

Foreks - The supply chain event organized for the first time this year by Çimsa, a company of the Sabancı Group, took place on December 13 in Istanbul. Under the ...

Turk Telekom and Petrol Ofisi Group Sign a Milestone in SD-WAN Technology Utilization

Foreks - A new phase has begun in the four-year strategic collaboration between Petrol Ofisi, Turkey's energy infrastructure group, and Türk Telekom, the leader i...

The Environmental Impact Assessment Process Has Begun for Polytechnic Metal's Tin Sulphate Production Facility Capacity Expansion Project

The Environmental Impact Assessment (EIA) process has commenced for the Tin Sulfate Production Facility Capacity Increase project planned by Politeknik Metal (IS:...

Market Outlook: UOB Anticipates Three Rate Cuts from the Fed in 2025

UOB senior economist Alvin Liew argued that it is likely the Fed could make a 75 basis point rate cut next year. Liew noted that it is not surprising for the Fed ...

Philippine Central Bank Cuts Interest Rate by Expected 25 Basis Points

Forex - The Bangko Sentral ng Pilipinas (BSP) has reduced the policy interest rate for the third time this year, as widely expected, due to inflation being on tar...

Vestel Restructures Its Senior Management Organization into a Function-Based Structure

Forex - Vestel (IS:VESTL) has reorganized its upper management structure into a function-based model.

In a statement made to the Public Disclosure Platform (KAP...

Net International Investment Position Showed a Deficit of $288.9 Billion by the End of October

Forex - The net international investment position recorded a deficit of $288.9 billion at the end of October.

According to the Central Bank of the Republic of T...

In 2023, 2 Trillion 693 Billion 497 Million TL Spent on Social Protection

In 2023, social protection spending increased by 108.6% compared to the previous year, reaching 2 trillion 693 billion 497 million TL. Of this expenditure, 98.2% ...

MARKET INSIGHT - German Consumer Confidence to Rise as Political Climate Stabilizes

Foreks - Melanie Debono from Pantheon Macroeconomics forecasts that German consumers will begin to express more confidence as the political environment stabilizes...

Marmarabirlik to Disburse 359 Million TL to Shareholders on December 20

Foreks - Marmarabirlik will make a payment of 359 million TL to its shareholders on Friday, December 20, 2024 (tomorrow), as 50% of the product payments delivered...

Swedish Central Bank Cuts Policy Rate by Another 25 Basis Points

Forex - The Swedish Central Bank (Riksbank) has reduced the policy interest rate by an additional 25 basis points to provide more support to the economy and help ...

Termo Teknik Aims for Increased Panel Radiator Production and Sales by 2025

Foreks - M. Emin Kasan, the General Manager of Termo Teknik Turkey, stated that despite the stagnation in the heating systems industry in 2024, Termo Teknik was a...

Market Outlook: GBP Strengthens If BoE Approaches Rate Cuts With Caution

Forex - Commerzbank analyst Volkmar Baur stated that the British Pound is likely to rise if the Bank of England continues to gradually and cautiously lower intere...

Taiwan Central Bank Keeps Interest Rates Steady

The Central Bank of Taiwan (CBC) has so far rejected participating in the easing of monetary policy adopted by its Asian counterparts and did not make any changes...

Octet Turkey Secures Open Banking License

Foreks - Octet Türkiye has obtained an Open Banking license. Following the decision published in the Official Gazette, Octet Türkiye customers will now be able to...