Economists polled by Anadolu Agency on Friday projected Turkey’s inflation rate in January to hit 14.75%.The 17 economists surveyed by Anadolu Agency predicted a rise of 1.48% in January inflation.The Turkish Statistical Institute (TurkStat) is due to…
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India projects 11% growth for next fiscal year
The Indian government on Friday projected that the economy could grow at 11% during the next fiscal year and can contract by 7.7 % during the current fiscal year ending on March 31.“India’s real GDP to record 11.0% growth in FY 2021-22 and nominal GDP…
Turkey, Qatar talk cooperation in participation finance
Representatives from the Participation Banks Association of Turkey (TKBB) and Qatar Financial Centre (QFC) gathered to discuss opportunities for cooperation in the field of participation finance.The videoconference held Thursday, coordinated by the Tu…
UPDATE – Turkish stocks end week down 1.66%
Turkey’s benchmark stock index closed the week at 1,473.45 points on Friday, dropping 1.66% from the previous close.Starting the day at 1,477.42 points, Borsa Istanbul’s BIST 100 index fell 24.87 points from 1,498.32 points at Thursday’s close.On a we…
US watchdog vows to defend investors during volatility
The US’ securities watchdog vowed Friday to protect small retail investors against high market volatility amid skyrocketing share values of GameStop and similar stocks.The Securities and Exchange Commission (SEC) said in a statement it will work “to p…
Turkish stocks end week down 1.66%
Turkey’s benchmark stock index closed the week at 1,473.45 points on Friday, dropping 1.66% from the previous close.Starting the day at 1,477.42 points, Borsa Istanbul’s BIST 100 index fell 24.87 points from 1,498.32 points at Thursday’s close.One oun…
Turkish Treasury to repay over $21.4B debt in Feb-April
Turkey’s Treasury will repay debts worth 156.4 billion Turkish liras (around $21.4 billion) in the next three months, the Treasury and Finance Ministry announced Friday.Including 13.7 billion lira ($1.9 billion) in interest payments, the Treasury will…
Turkey draws 12.7M tourists in 2020 amid pandemic
The number of foreigners visiting Turkey exceeded 12.7 million in 2020 amid the novel coronavirus-related travel restrictions and fall in demand, the Culture and Tourism Ministry said on Friday.Choked off by the virus, the figure fell 71.7% from the p…
US stocks down 1% with volatility back in markets
Major indexes in the US stock market opened lower Friday on last day of January trading as volatility has come back to the market with increased risks amid worries of coronavirus variants.The Dow Jones was down 240 points, or 1.1%, to 30,263 points at…