Decisions of the Competition Authority

Foreks - It has been decided to grant individual exemption for the operation of fuel tanks owned by POTAS Mediterranean Fuel Distribution Joint Stock Company at A...

Market Outlook: Iron Ore in Dalian Declines as Optimism for Stimulus Wanes

Forex - Iron ore futures prices in Dalian declined today, but investors gauged optimism regarding a policy shift in Beijing against softer trade data from China, ...

TANKER REPORT - A tanker is loading at Ceyhan BTC, another has departed from the port.

Foreks - A tanker is loading at the Ceyhan BTC Terminal, which is the second step in transporting oil from Azerbaijan through the Baku-Tbilisi-Ceyhan (BTC) pipeli...

TANKER REPORT - 15 Tankers to Transit the Dardanelles and Bosphorus Straits

Forex - There are no issues regarding transit passages through the Istanbul and Dardanelles Straits, which are the most important routes for transporting oil from...

Market Outlook: Copper Approaches a One-Month High on Optimism Over China's Policy

Copper prices in London surged to a nearly one-month high, supported by China's announcement that it would ease monetary policy and adopt a proactive fiscal polic...

Competition Authority Approves Zurich Insurance Group's Acquisition of Full Ownership of NN Life and Pension Shares

The Competition Authority has permitted the acquisition of all shares and sole control of NN Life and Pension Inc. by Zurich Life and Pension Inc. through Zurich ...

Codelco's Copper Production in Chile Remained Steady in October

According to data released by the Chilean Copper Commission (Cochilco), Codelco, the state-owned miner of Chile and the world's largest metal producer, recorded c...

Competition Authority Approves Joint Venture Between POCA Bilişim and RCI Banque to Operate as an Insurance Agency

The Competition Authority has approved the establishment of a joint venture that will operate as an insurance agency between POCA Bilişim Teknolojileri Anonim Şir...

Competition Authority Approves Joint Control Establishment by Medianova, Turkey Growth, and Mete Serkan Sevim

The Competition Authority has granted approval for the joint control of Medianova Internet Services and Trade Inc., solely controlled by Mete Serkan SEVİM, by Tur...

Competition Authority Grants Individual Exemption for POTAS Akdeniz's Fuel Tank Usage at Antalya Airport to Other Fuel Companies Through Tender Process

The Competition Authority has decided to grant individual exemption to POTAS Akdeniz Akaryakıt Dağıtım Anonim Şirketi regarding the operation of its fuel storage ...

BofA Economists Expect China's Exports to Remain Strong

BofA economists Xiaoqing Pi and Anna Zhou expect that China's exports will remain strong in the near term due to front-loaded orders, ahead of potential tariff sh...

International Logistics Distribution Networks and Trade Show Venue Construction Support Included in Prefinancing Scope

Forex - Foreign logistics distribution networks and exhibition area construction support are now included in the pre-financing scope.

In a statement made by the...

Oil Rises on Hopes That China's 'Looser' Monetary Policy Will Boost Demand

Oil prices rose as market participants anticipated an increase in demand from the world's largest crude oil importer, following China's announcement of a looser m...

Goldman Sachs Maintains Bullish Outlook on Gold Despite Strengthening Dollar

Goldman Sachs reiterated its bullish outlook on gold prices, arguing against the notion that gold will not rise to $3,000 per ounce by the end of 2025 in a world ...

Trump Selects New Ambassador to Turkey from the Market

Forex - Donald Trump, the 47th president of the United States, announced that he has nominated Tom Barrack, the founder of the investment firm Colony Capital, as ...

S&P Global Downgrades Intel's Credit Rating Amid Slow Recovery and Management Changes

On Tuesday, S&P Global Ratings downgraded semiconductor manufacturer Intel Corp's (NASDAQ: INTC.O) credit rating from 'BBB+' to 'BBB' due to slow business recover...

ADB Expects Japan's Economy to Contract This Year and Recover Next Year

According to a report published by the Asian Development Bank (ADB), the Japanese economy is expected to contract in 2024 and recover in the following year. The r...

Boeing's Aircraft Deliveries Decline to 13 in November

Forex - Boeing reported that it delivered 13 commercial jets in November, which is less than a quarter of the 56 jets it delivered to customers a year ago. During...

Markets to Focus on U.S. Inflation Data Today

The US Consumer Price Index (CPI) data, which will be released today at 16:30, is set to play a significant role in global markets and the Fed's monetary policy d...

Microsoft Shareholders Reject Bitcoin Reserve Proposal

Microsoft (MSFT) shareholders rejected a proposal urging the board to evaluate investments in Bitcoin. The proposal, titled "Assessment of Investment in Bitcoin,"...

Halkbank Takes a Bold Step in the Digital Banking Sector

Halkbank (HALKB) has decided to establish a new digital bank aimed at expanding its customer potential and contributing to Turkey's digitalization goals. The upco...