Fitch Revisions Outlook for Turkish Banking Sector to "Neutral"

Fitch Ratings, the international credit rating agency, has revised its outlook for the Turkish banking sector from "improving" in mid-2024 to "stable" for 2025. ...

China's Foreign Exchange Reserves Unexpectedly Surge in November

Despite the weakening of the yuan against the US dollar amid the upcoming second Trump administration's threats of tariffs, China's foreign exchange reserves unex...

Deadline Extended for Registration in the National Vehicle Identification System to January 31, 2025

The registration deadline for the National Vehicle Identification System (UTTS) has been extended to January 31, 2025. The amendment to the "Implementation Genera...

Contemporary Glass IPO to Be Held on December 11-12 via "Sale on the Stock Exchange" Method

Çağdaş Cam, which has the first design center in the glass sector in Turkey and ranks among the largest glass processing companies in Europe, is going public. The...

Lightning: Improved Risk Premium Eases Access to External Financing While Lowering Costs

Forex - The Minister of Treasury and Finance, Mehmet Şimşek, stated that access to external financing has become easier due to the improving risk premium, while t...

Scope Upgrades Turkey's Credit Rating

Foreks - Germany-based credit rating agency Scope Ratings has upgraded Turkey's credit rating.

According to a statement from Scope Ratings, Turkey's foreign cur...

The Number of Drilling Rigs in the U.S. Increases

Foreks - The number of active oil and natural gas drilling rigs in the U.S. has increased. According to a report shared via email by Baker Hughes in collaboration...

Over $1 Billion Exported Across 30 Provinces from January to November, with 59 Provinces Seeing Export Growth

In the January-November period of 2024, more than 1 billion dollars in exports were made in 30 provinces, with 59 provinces experiencing an increase in exports. A...

Today's Official Gazette - December 7th

FOREIGN TRADE - INTERNATIONAL AGREEMENTS
–– Decision on the Approval of the Administrative Agreement Concerning the Implementation of the Social Security Agreem...

Qatar's Energy Minister: Trump's Promise to Lift LNG Export Limits Doesn't Worry Me Too Much

In a recent statement, Saad Sherida Al Kaabi, the Minister of Energy of Qatar and CEO of state gas company QatarEnergy, expressed that he is not overly concerned ...

BYD on Track to Exceed 2024 Sales Targets, Outpacing Ford and Honda

Forex - China's largest electric vehicle manufacturer BYD is preparing to further increase its market share as the November vehicle sales data is released, exceed...

RENEWAL - Qatar Energy Minister: "I'm Not Too Worried" About Trump's Promise to Lift LNG Export Limits

The Qatari Minister of Energy stated that he is not overly concerned about the promise made by U.S. President-elect Donald Trump to lift restrictions on liquefied...

Qatar Energy Minister: "I’m Not Too Concerned About Trump's Promises to Lift LNG Export Limits"

Foreks - Qatar's Energy Minister stated that he is not overly concerned about U.S. President-elect Donald Trump's promise to lift restrictions on liquefied natura...

TANKER REPORT - 29 Tankers Docked at Black Sea Ports

In the Black Sea ports, there are a total of 29 tankers, which represent the first stage of reaching the global market via the Istanbul and Çanakkale Straits for ...

TANKER REPORT - 13 Tankers to Transit the Dardanelles and Bosphorus Straits

Foreks - There are no issues with transit passages through the Istanbul and Çanakkale Straits, which are the most important routes for transporting oil from the B...

Copper Prices Decline Amid Uncertainty Over Chinese Stimulus

Forex - Copper prices in London fell due to uncertainty surrounding stimulus signals from China's economic conference this month, the largest consumer. The three-...

TANKER REPORT - A Tanker Loads at Ceyhan BTC, Another Departs from the Port

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

Fitch Ratings Lowers Growth Forecasts for China

Forex - The sharp increase in the likelihood of U.S. tariffs has led Fitch Ratings analysts to lower their growth forecasts for China. Analysts predict that the C...

China's Response to U.S. Chip Controls Offers Clues to Its Trade War Strategy

Capital Economics economists stated that China's retaliation against chip restrictions imposed by the US provides clues about Beijing's future trade war strategy....

Fitch: China May Need to Increase Financial Support

According to analysts from Fitch Ratings, China's determined approach to stimulus has produced some encouraging signs, but further action is needed. The People's ...

Trade Ministry Launches Price Inquiry for 17 Flour Mills

The Ministry of Commerce conducted inspections of 21 different flour factories in 11 provinces and initiated an investigation into exorbitant price increases at 1...