Alibaba Sells Intime at a Loss of Approximately $1.28 Billion

Forex - Chinese e-commerce and technology group Alibaba is selling its major department store chain Intime as part of its restructuring process. According to a st...

TANKER REPORT - 13 Tankers Set 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...

MARKET OVERVIEW - Iron ore remains flat as low shipments exert pressure on weak demand and high stocks

Forex - Iron ore futures moved within a narrow range as they weighed the sluggish shipments against a lifeless demand and high port stocks in China. The May iron ...

How Did Borsa Istanbul Start the Day? Which Stocks Stood Out at Opening?

The BIST 100 index started the day with a partial increase of 0.15%, opening at 10,012.62 points.

The BIST 100 recorded a decline of 1.26% in yesterday's transac...

Ripple Set to Launch Its Stablecoin RLUSD Today

Ripple has announced today the launch of the highly anticipated US dollar-backed stablecoin RLUSD. The company will work with an independent auditing firm to ensu...

Bitcoin Soars to $107,000: BTC-Centric Rally Continues in the Crypto Market

In the cryptocurrency market, growth continues to be Bitcoin-centric, with the largest cryptocurrency setting a new record level in yesterday's trading. Bitcoin, ...

Turkey's Steel Industry Takes New Steps to Reduce Carbon Footprint

The green transformation and border carbon regulation, which have become key issues in the steel industry in recent years, were discussed at a conference organize...

Ibrahim Polat Holding Companies Launch New Investments in Ege Seramik and Ege Vitrifiye

Forex - The new investment openings for Ege Seramik and Ege Vitrifiye, part of İbrahim Polat Holding, took place on Wednesday, December 11, at the İzmir Kemalpaşa...

Wage Growth in the UK Takes Off Again

Forex - In the UK, wages are rising at an increased pace, supporting the Bank of England's reluctance to lower its base interest rate as swiftly as its European c...

VakıfBank/Üstünsalih: Leading the Industry Through Our Investments in Digitalization and Sustainability

Foreks - The winners of the "Hack to the Future" hackathon, organized by VakıfBank with the vision of shaping the future of banking today, have been announced aft...

Electromechanical Industry Aiming for Over $10 Billion in Exports by 2025

The electromechanical industry sector is expected to close 2024 with an export value of approximately $9.5 billion and has set higher targets for 2025. Mustafa Gü...

Private Sector's Total Foreign Debt Surges by $15 Billion to $177.7 Billion in October

As of the end of October, the total credit debt of the private sector obtained from abroad increased by 15.0 billion US dollars, reaching 177.7 billion US dollars...

Housing Price Index Rises 2.8% Monthly and 29.4% Annually, Yet Declines 12% in Real Terms

In November 2024, the Housing Price Index (HPI) increased by 2.8% compared to the previous month. According to the statement made by the Central Bank of the Repub...

RUSAL Appoints Yiğit Kasapoğlu as Turkey Representative Director

Foreks - With over 10 years of experience in the aluminum sector, Yiğit Kasapoğlu has been appointed as the Country Representative Director of RUSAL.

As one of ...

MARKET OVERVIEW - Contemporary Glass Shares Open at Ceiling Price

The shares of Çağdaş Cam Sanayi ve Ticaret AŞ, which were offered to the public on December 11-12, 2024, opened at the ceiling price on their first trading day. T...

Market Overview - The Stock Exchange Kicked Off the Day with Buys

The BIST 100 index started the day with an increase of 14.96 points, reaching 10,012.62 points. According to the Foreks News survey, the BIST 100 index was expect...

New EU Tax Rate Implementation for Items Coming from TRNC to Turkey

Goods brought directly from the Turkish Republic of Northern Cyprus (TRNC) to Turkey will be subject to the same customs duties as those coming from European Unio...

The Payment Process for Creditors of the Bankrupt Crypto Exchange FTX Begins

Users affected by the collapse of the crypto exchange FTX will be able to receive distributions through Kraken and BitGo under a bankruptcy plan effective January...

Indonesia's Refined Tin Exports Decline by 21.47% Year-Over-Year in November

In November, Indonesia's refined tin exports decreased by 21.47% year-on-year. According to data published by the Ministry of Trade, Indonesia's refined tin expor...

MKE Announces Signing of Agreements to Establish a Modern Ammunition Factory in Kosovo to NATO Standards

Foreks announced that the Mechanical and Chemical Industry Corporation (MKE) has signed agreements to establish a modern factory in Kosovo for producing NATO-stan...

SECO Lowers Growth Forecast for Switzerland

The Swiss Federal Government's Expert Group on Business Cycles (SECO) has slightly reduced its economic growth forecast for 2025 due to a delay in the recovery of...