Business

ISTANBUL: The Bank of Canada announced Wednesday it reduced its policy rate by 25 basis points to 4.5%, marking the second rate cut in more than four years. The target …

ISTANBUL: Cryptocurrencies were down more than 2% Tuesday, despite the launch of Ethereum exchange-traded funds (ETFs) on major US stock exchanges. The value of the cryptocurrency market stood at $2.4 …

ISTANBUL: The US Treasury Department announced Wednesday that it imposed sanctions on multiple entities based in China that are supporting North Korea’s ballistic missile and space programs. A network of …

ISTANBUL: The Nasdaq and the S and P 500 had Wednesday their worst daily performance since 2022 as US stocks closed the session with major declines with tech firms’ shares …

ISTANBUL: US electric carmaker Tesla saw its income plummet 45% in the second quarter compared to the same period last year, according to its financial results released Tuesday. Net income …

ISTANBUL: Google’s parent company Alphabet’s stock price was down more than 4.5% on Wednesday as the tech firm saw its YouTube advertising revenue coming lower than market estimates. Alphabet stocks …

ISTANBUL: Major stock exchanges closed Tuesday in the red. The S and P 500 fell eight points, or 0.16% to 5,555. The index jumped 1.08% on Monday to register its …

ISTANBUL: European stocks closed higher on Tuesday except in the UK and France. The STOXX Europe 600, which includes around 90% of the market capitalization of the European market in …

ISTANBUL: Business activity in the US grew in July at the highest rate in 27 months, global data provider S and P Global said Wednesday in a report. The US …