Cardinal Farrell Appointed as Executive to Address Challenges of Vatican's Pension Fund

POPE - In a decisive move to address the impending financial challenges of the Vatican’s Pension Fund, Pope Francis has appointed Cardinal Kevin Farrell as the So...

Slight Increase in Vehicle Registrations in the EU in October

BRUSSELS - New vehicle registrations in the European Union showed a marginal increase of 1.1% in October 2024. While growth was experienced in Spain and Germany, ...

Istanbul Stock Exchange Kicks Off the Week with Gains: Which Stocks Led the Opening?

The BIST 100 index started the week with a 0.72% increase, reaching 9,618.42 points.

After a positive opening in the BIST 100, buying continued in the initial tr...

Russia's Gold and Foreign Currency Reserves Decline

Forex - Russia's Central Bank gold and foreign currency reserves fell.
According to a statement from the Central Bank of Russia (CBR), reserves decreased from $...

Bitcoin Stalls Below $100,000 Mark

Bitcoin approached the $100,000 level last week but was unable to surpass it, experiencing a decline over the weekend. On Friday, Bitcoin paused just $300 shy of ...

Market Outlook: Central Bank's Decision to Maintain Interest Rate Bolsters Turkish Lira

Forex - The Turkish lira slightly reduced its losses after the Central Bank of Turkey kept interest rates unchanged at 50%, as analysts had expected. The Central ...

Market Overview: Rising Inflation Will Hinder ECB's Aggressive Rate Cuts

Foreks - Economists Claus Vistesen and Melanie Debono from Pantheon Macroeconomics argued in a note to their clients that the rise in inflation in the Eurozone wi...

"İş Bankası Grants Permission for $5 Billion Bond or Bill Issuance Abroad"

Foreks - İş Bankası (IS:ISCTR) will issue fixed and/or variable rate bonds or bills in an amount up to a total of 5 billion US dollars or its equivalent in other ...

French Government Makes Bid for Strategic Divisions of Atos SE

The French government has made an offer to acquire certain divisions of Atos SE, which it considers strategic, for a business value of 500 million euros and poten...

İş Bankası Grants Authority for Issuance of Mortgage-Backed Securities Up to 500 Million Euros Abroad

Forex - İş Bankası (IS:ISCTR) has authorized the General Directorate to carry out the necessary procedures for the issuance of Mortgage-Backed Securities abroad, ...

Seasonally Adjusted Capacity Utilization Rate Sees an Increase

Forex - Seasonally adjusted capacity utilization rate recorded an increase.
In the manufacturing industry, the seasonally adjusted Capacity Utilization Rate (CU...

Market Interest Rate Cut Expectations Boost BIST 100 Momentum

The Central Bank of the Republic of Turkey (CBRT) has kept the policy rate unchanged at 50%, and statements following this decision have strengthened expectations...

Huawei to Launch Its Own Software-Powered Smartphone

Forex - China's technology giant Huawei is preparing to launch its first flagship phone capable of running its own applications on a fully domestic operating syst...

Ethereum Hits Lowest Level Against Bitcoin Since March 2021: Is It ETH's Time?

The value of Ethereum against Bitcoin has declined by testing below 0.032, reaching its lowest level since March 2021. This drop occurred during a period when Bit...

Real Sector Confidence Index Increased in November

In November 2024, the seasonally adjusted Real Sector Confidence Index (RKGE-MA) rose by 1.2 points compared to the previous month, reaching 103.4. According to t...

Public Review of the Environmental Impact Assessment Report for OYAK Cement's Limestone Quarries and Crushing-Screening Plant Project

The Environmental Impact Assessment (EIA) Report for the Limestone Quarry and Crushing Screening Facility project planned by OYAK Cement has been opened for publi...

Confidence Index in the Service Sector Decreased by 2.9% in November

According to the announcement made by the Turkish Statistical Institute (TÜİK), the seasonally adjusted confidence index in November showed the following changes ...

UBS Appoints New Regional Leaders in Global Banking Team

ZURICH - UBS Group AG has made new leadership appointments for its global banking division in the Europe, Middle East, and Africa region. These appointments were ...

MARKET OVERVIEW - The Stock Exchange Kicked Off the Day with Buys

Foreks - The BIST 100 index opened the day with an increase of 68.53 points, starting at 9618.42 points. According to the Foreks News survey, the BIST 100 index w...

Coca-Cola İçecek's Soft Drink and PET Bottle Production Capacity Expansion Project Gets 'No Environmental Impact Assessment Required' Decision

Foreks - Coca-Cola (IS:CCOLA) has received a decision stating that an 'Environmental Impact Assessment is Not Required' for the planned capacity increase project ...

France Withdraws Opposition to EU Funding for Non-Member Companies

While Brussels is working to develop a stronger domestic defense industry that is less reliant on the United States, France has withdrawn its opposition to non-EU...