Volkswagen's Restructuring Talks with Worker Leaders Hit a Snag

Investing.com -- Discussions between Volkswagen and labor leaders regarding the restructuring plan for its German operations have encountered some obstacles. Acco...

Banxico Cuts Interest Rates, Future Reductions Dependent on Peso's Movement

The Bank of Mexico (Banxico) unanimously decided to lower the interest rate by 25 basis points, bringing it down to 10.00%. This decision indicates that the bank'...

TÜREB/Erden: €15 Billion Investment in Wind Energy Installed Capacity

Foreks - The TÜREB Financial Institution Stakeholders meeting was attended by nearly 150 industry professionals, including representatives from public institution...

UK Retail Spending Surge May Not Save Economy from Recession

According to Alex Kerr from Capital Economics, a slight increase in retail spending may not be enough to save the UK economy from stagnation or worse in the final...

Update: Kiler Holding Acquires 90.5% of Generali Insurance

Kiler Holding (IS:KLRHO) has acquired the operations of Generali Sigorta, Turkey’s first insurance company, in the country. Nahit Kiler stated that following the ...

Japanese Government Adjusts Corporate Profit Outlook Amid Economic Recovery Claims

Forex - The Japanese government stated that the economy showed a moderate recovery in December; however, it warned about upcoming risks such as high interest rate...

Environmental Impact Assessment Process Initiated for Camish Mining's Quartz Sand Quarry Area and Production Capacity Expansion Project

The Environmental Impact Assessment (EIA) process has begun for the Quartz Sand Quarry Area and Production Capacity Increase project planned by Camiş Mining.

In...

Ifo: Germany's Retail Sector Business Climate Index Dips Slightly

Foreks - The Ifo Institute reported that the business climate index for Germany's retail sector has slightly declined due to retailers assessing their current sit...

A New Era Begins with İş Bank and Alipay Collaboration

Forex - Türkiye İş Bankası (IS:ISATR) has started accepting the Alipay+ wallet application, which boasts 2 billion users across more than 10 countries, at its POS...

Morgan Stanley Expects the Central Bank of Turkey to Kick Off Rate Cuts with a 200 Basis Points Reduction

Morgan Stanley (NYSE:MS) stated that, "Considering the latest communication from the Central Bank of Turkey (CBRT), we expect interest rate cuts to begin with a r...

Ticimax/Çiğdemli: Withholding Tax Implementation on E-Commerce Will Constrict the Industry

In the new system, a withholding tax will be applied to all sales made by sole proprietorships, joint-stock companies, and limited companies through e-commerce pl...

MASFED Re-elects Aydın Erkoç as President, Renewing Trust

Foreks - Aydın Erkoç has been unanimously re-elected as the Chairman of the Board of the Motor Vehicle Dealers Federation (MASFED), the umbrella organization of m...

Santander to Sell 30.5% Stake in Caceis Back to Credit Agricole

Foreks - Santander (BME:SAN) is preparing to return the asset servicing bank under the full control of the French credit institution by selling its 30.5% stake in...

Uraloğlu: Eurasia Tunnel Serves 151 Million Vehicles in 8 Years

Forex - Minister of Transport and Infrastructure Abdulkadir Uraloğlu stated that the Eurasia Tunnel has served 151 million vehicles in 8 years, adding, "It has co...

Number of Foreign Visitors to Turkey Increased by 8.25% in November

In November, the number of foreign visitors to Turkey increased by 8.25% compared to the same month last year. According to provisional data released by the Minis...

Aegean Mining Exporters Union/Alimoğlu: 2024 Was a Tough Year, 2025 Will Be Even Tougher

Forex - Ege Mining Exporters Association President Ibrahim Alimoğlu stated that the mining sector could not enter 2025 with much hope due to issues in accessing f...

India's Steel Imports from China Reach Record Levels

According to India's leading data, its final steel imports from China reached an all-time high during the first eight months of the fiscal year ending in March 20...

Private Equity Funds in Europe Are Focusing on Exit Strategies

Bankers and investors say that, despite private equity funds in Europe facing cash shortages, they are rethinking purchasing potentially hard-to-sell businesses a...

CW Energy Signs $4.3 Million Contract for Ground-Mounted Solar Power Plant Installation

Foreks - CW Enerji has signed a contract worth 4,304,141.00 USD (excluding VAT) for the establishment of a land-based solar power plant with a domestic customer. ...

CW Energy Signs $9.05 Million Contract for Ground-Mounted Solar Power Plant Installation

Foreks - CW Enerji signed a contract worth 9,051,884.00 USD (excluding VAT) for the establishment of a land-based solar power plant with a customer. In a statemen...

Aegean Mining Exporters Association Holds "Mining Sector Meeting" in Denizli

The Turkish mining sector, which has provided a value addition of $60 billion to the Turkish economy by harnessing the underground riches of Turkey with the motto...