Israel plans to terminate its free trade agreement with Türkiye in response to Ankara’s cessation of trade ties with Tel Aviv, the Israeli finance minister has announced.
Home sales have declined for a third month since the start of this year as mortgage-financed sales continued to plunge but the pace of annual growth in home prices continued to ease.
The positive results of the economic program the government is implementing are reflected in inflation expectations, Finance Minister Mehmet Şimşek said.
Türk Telekom has announced that it successfully issued its inaugural Sustainable Eurobond, raising $500 million.
Geopolitical tensions and policy uncertainty in a year featuring many elections worldwide present risks to euro area financial stability, the European Central Bank (ECB) has warned.
Uber has announced plans to expand its shuttle service across the United States, including to sports stadiums, along with several other initiatives meant to grow the ride-hailing giant's bottom line.
Japan's economy suffered a worse-than-expected contraction in the first quarter, official data showed yesterday, in further bad news for its unpopular government.
The private sector’s total outstanding loans received from abroad were recorded at $165.7 billion as of March, increasing by $1.7 billion from the end of 2023, the Central Bank has said.
The central government budget produced a deficit of 177.8 billion Turkish Liras ($5.5 billion) in April, rising 34.2 percent from a year ago, data from the Finance Ministry showed.
Türkiye has a credible, robust program to bring inflation down, Finance Minister Mehmet Şimşek said, stressing that the monetary policy course correction “is largely done.”
Sovereign financing, funding diversification goals and the Islamic finance development agenda will continue to drive Turkish debt capital market (DCM) issuance over the next two years, according to Fitch Ratings.
Turkish Finance Minister Mehmet Şimşek has reiterated that the country is aiming for better ties with the European Union, stressing the process will benefit both sides.
The EU on Wednesday predicted lower inflation in the eurozone in 2024 than previously forecast but warned the single-currency area's economy still faced risks from geopolitical tensions including wars in Ukraine and Gaza.
The CEO of Brazil's state oil company Petrobras has been sacked, the government announced on May 14.
India's foreign minister has said his company will work to communicate the benefits of a strategic port project in Iran, after the United States said Indian firms working on the project risked sanctions.
French automaker Renault said on Wednesday it will pursue developing autonomous minibuses for public transit but would stick to driving assistance features for personal cars for the time being.