UPDATE - Banking Sector Net Profit Reached 515.63 Billion TL from January to October

In October, the net profit of the banking sector was 55.22 billion TL. The net profit of the sector reached 515 billion 628 million TL in the January-October peri...

Headline: "CMB Chairman Gönül: The Size of Funds Managed by Portfolio Management Companies Exceeds 6 Trillion Lira"

Forex - The Chairman of the Capital Markets Board (CMB), Ibrahim Ömer Gönül, spoke at the 4th Portfolio Management Summit organized by the Association of Institut...

Volkswagen Employees to Stage Warning Strike on Monday

Volkswagen employees will go on strike next week following disagreements with union leaders on how to reduce costs amid a slow electric vehicle market and intense...

RENEWAL - Key Topics Discussed for Companies at TÜSİAD SD² Event

Forex - The STEP (Industry-Technology Integration Program) event of the TÜSİAD Digital Transformation Program in Industry (TÜSİAD SD2), aimed at supporting the tr...

Canada's Bitcoin-Friendly City to Discuss BTC Reserves

The U.S. state of Vancouver is considering integrating Bitcoin into its financial reserves. Some legislative bodies in the United States are showing increasing in...

Weekly Decline in Oil Prices: Geopolitical Tensions and Demand Concerns Take Center Stage

Crude oil prices are poised to decline on a weekly basis, overshadowed by tensions in the Middle East and uncertainties surrounding OPEC+'s production policies. A...

BOTAS: No Change in Natural Gas Wholesale Prices as of December 1st

Foreks - BOTAŞ announced that there will be no changes in the wholesale natural gas sales prices as of December 1, 2024. In the statement made by BOTAŞ, it was no...

Market Outlook: Eurozone Inflation Expected to Decline Next Year

Foreks - ING economist Bert Colijn stated that the Eurozone may see a decline in inflation next year due to weakening demand. Consumer prices rose by 2.3% year-on...

Volkswagen's $1.4 Billion Tax Evasion Allegation in India - Reuters

According to reports, German automaker Volkswagen's subsidiary in India has been served a notification by Indian authorities alleging it avoided import duties amo...

Delivery Hero SE Sets Final Share Price for Talabat Holding plc's IPO, Raising Approximately $2.0 Billion in Gross Proceeds

Delivery Hero SE ("Delivery Hero" or "Company", ISIN DE000A2E4K43, Frankfurt Stock Exchange: DHER) has determined the final price per share for Talabat Holding pl...

Forecast: Automotive Sector's Annual EBITDA May Drop by 17% Under Trump Tariffs

The automotive sector is facing a potential tariff increase on car imports to the U.S., a situation that could significantly impact the profits of European and Am...

Moody's Analytics/Kovar: Those Seeking a 50 Basis Point Cut from the ECB Have More Ammunition for Their Case

Moody's Analytics economist Kamil Kovar stated that the decline in service inflation in the Eurozone could increase the likelihood of a bolder half-point interest...

Citigroup Plans to Complete Banamex Split Next Week and Go Public by End of 2025 - WSJ

According to a report based on company officials, Citigroup (NYSE:C) is close to separating its individual banking division in Mexico, Banamex.

The bank announce...

Turkey and the United Kingdom Sign Memorandum on "Energy and Climate Dialogue"

Turkey and the United Kingdom have signed a memorandum of understanding on the "Energy and Climate Dialogue."

The Minister of Energy and Natural Resources, Alpa...

PLASFED/Black Sea: Weakness in the Manufacturing Sector Persists, Industrialists Delay Investment Plans

According to Turkey's Manufacturing PMI data, the headline PMI rose from 45.8 in October to 48.3 in November. This indicator, which remains below the threshold le...

Crisis Prophet Roubini Issues Inflation Warning for Trump’s Second Term

Renowned economist Nouriel Roubini has issued warnings regarding the economic implications of Donald Trump's potential second presidential term. While it is belie...

Fidan to Attend NATO Foreign Ministers Meeting

Forex - Foreign Minister Hakan Fidan will attend the NATO Foreign Ministers Meeting. In a statement from the Ministry of Foreign Affairs, it was said, "Our Minist...

Swiss City Aims to Seize Opportunities in Bitcoin Mining

The city of Bern in Switzerland has decided to initiate a study to evaluate the potential benefits of Bitcoin mining in the region. This decision, which was appro...

Inflation on the Rise in the Eurozone

The Eurozone's inflation remained above the European Central Bank (ECB) target at 2.3% in November. According to Eurostat data, annual inflation increased from 2%...

Stocks Exposed to Brazil Decline Amid Concerns Over Tax Reform

On Friday, following the announcement of an income tax reform proposal in Brazil, stocks traded on U.S. exchanges with exposure to Brazil experienced significant ...

StoneCo Shares Decline Amid Low Linx Bids and Weakness in the Brazilian Market

On Friday, shares of Brazilian fintech company StoneCo (NASDAQ:STNE) fell after it was revealed that the company received multiple non-binding offers below the pu...