UBS Expects Decline in Upcoming Data for EUR/JPY and EUR/GBP

UBS has emphasized the importance of upcoming economic indicators rather than the recent European Central Bank (ECB) meeting when sharing its forecasts on the pot...

IEA Raises 2025 Oil Demand Forecast Due to China's Stimulus Packages

The International Energy Agency (IEA) has revised its oil demand projections upward for 2025, citing economic stimulus measures in China. The Paris-based organiza...

London Stock Exchange Sells 4.92% Stake in Euroclear to TCorp for €455 Million

Forex - The London Stock Exchange Group sold its 4.92% stake in the financial services firm Euroclear to TCorp for 455 million euros. Euroclear is a Belgium-based...

TÜSIAD Chairman Turan: The Fight Against Inflation Must Include the Public Sector as Well

Forex - TÜSİAD Chairman Orhan Turan stated that the fight against inflation should be continued in a way that includes the public sector. Turan made the opening s...

BNP Paribas Markets 360 Predicts Euro Will Decline to Parity Against Dollar by 2025

Forex - Sam Lynton-Brown from BNP Paribas (EPA:BNPP) stated that the Euro is expected to continue to decline against the dollar and reach parity by 2025. Lynton-B...

Anadolu Group's New Motor Yacht Brand AIATA Set to Make a Bold Entrance into the Boating Industry

Foreks - Anadolu Group will introduce its new boat brand, AIATA, produced in Turkey, at the 2025 Düsseldorf Boat Show from January 18 to 26. The first model of th...

SNB Board Member Tschudin Sees a Mild Recovery for the Swiss Economy in 2025

Forex - Petra Tschudin, a member of the Swiss National Bank (SNB) Governing Board, stated that the SNB expects a slight increase in the growth rate of the Swiss e...

TÜSİAD YIK Chairman Aras: Steps Taken in Monetary Policy Are Incomplete Without Supporting Structural Reforms

Forex - Ömer Aras, Chairman of TÜSİAD High Advisory Council, stated that the steps taken in the right direction in monetary policy remain insufficient if not supp...

IEA Raises Oil Demand Forecast for 2025

Forex - The International Energy Agency (IEA) has raised its oil demand forecasts for next year citing the impact of China's stimulus measures, but noted that gro...

Yılmaz: Current Account Surplus Continues for the Fifth Consecutive Month

Forex - Vice President Cevdet Yılmaz indicated that the current account balance showed a positive level of $1.9 billion in October, continuing to record surpluses...

Swiss Rate Cut: DXY Steady, CHF Declines, EUR/USD Holds Firm

This week in Europe, while interest rate decisions are being made, the US dollar remains generally stable, with the euro showing slight gains ahead of the Europea...

China's Instagram Rival Xiaohongshu Boosts Annual Profit to $1 Billion Ahead of Potential IPO

Xiaohongshu Technology Co., the company behind the popular Instagram-like app Xiaohongshu, expects to double its profit in 2024, surpassing $1 billion. This could...

Active Bank/Utku: Building Financial Bridges with Collaborations Among 450 Banks Across the African Continent

Foreks - Aktif Bank continues its pioneering efforts in the field of international banking. The only Turkish bank with a stand at the Africa Finance Summit held i...

OYAK Cement's Ready-Mixed Concrete Plant Capacity Increase Project Receives 'No EIA Required' Decision

In relation to the ready-mixed concrete facility capacity increase project planned by OYAK Cement, the decision of 'Environmental Impact Assessment is not require...

AİMSAD/Kaçak: The Sector with a Current Surplus Will Maintain Its Export Momentum

The woodworking machinery sector, which closed the previous year with 160 million dollars in exports, is preparing to end 2024 with the same figure. Since 2017, t...

BRSA Releases Updated Banking Data: Limited Decrease in KKM

The Banking Regulation and Supervision Agency (BDDK) has published weekly banking data. The net general position of the banking sector in foreign currency was rec...

World Bank Provides $250 Million Aid to Turkey's Earthquake Regions

The World Bank's Board of Executive Directors has approved a financing of $250 million to strengthen the agricultural sector in areas of Turkey affected by the Fe...

Access to Global Cryptocurrency Exchanges Restricted from Turkey

The Capital Markets Board (CMB) imposed a ban on the cryptocurrency exchange MEXC in Turkey with a decision made on December 11, 2024. This decision is believed t...

Domestic Residents' Foreign Currency Deposits Drop by 3 Billion Dollars

Forex - The foreign currency deposits of domestic residents decreased by $3 billion to $162.71 billion in one week.

According to data released by the Central Ba...

Tether Secures Virtual Asset Approval from the United Arab Emirates

Forex - Tether has announced that it is one of the first stablecoin providers to have USDT approved as a virtual asset (AVA) in the Abu Dhabi Global Market (ADGM)...

Turkey's External Debt Payments This Year Reach $35.27 Billion

Forex - Turkey's external debt repayments this year amounted to $35 billion 267.19 million. According to the data released by the Central Bank, in the week of Dec...