Memorandum of Understanding Signed Between the Central Bank of Turkey and the Central Bank of Oman

A memorandum of understanding was signed between the Central Bank of the Republic of Turkey (CBRT) and the Central Bank of Oman. In a related statement, the CBRT ...

Market Outlook - The Stock Exchange Closed in Line with Expectations

Foreks - The BIST 100 index closed the day with an increase of 0.31 points at 9640.08.
According to the Foreks News survey, the BIST 100 index was expected to c...

German Government Plans Billions in New Chip Subsidies

According to Bloomberg News' report on Thursday, the German government is preparing to make new investments worth billions of euros in the country's semiconductor...

"Ford Otosan Receives 'Positive EIA' Decision for Kocaeli Solar Power Plant Project"

The "Positive EIA" decision has been issued for the Ford Otosan Kocaeli Solar Power Plant project. In a statement on the website of the General Directorate of Env...

ECB/Knot: Supply Shocks Should Be Closely Monitored

Foreks - Klaas Knot, a member of the ECB Governing Council, stated that the European Central Bank may overlook supply shocks that drive prices up as long as infla...

Villeroy: ECB May Need to Adjust Interest Rates to Stimulate Growth

According to ECB Governing Council member Francois Villeroy de Galhau, the European Central Bank no longer needs to restrict the economy and may even need to lowe...

Japan's Industrial Production and Retail Sales Growth Falls Short of Expectations

In October, Japan's industrial production increased by 3.0% compared to the previous month. The median market forecast was an increase of 3.9%. Manufacturers part...

Japan's Cabinet Set to Approve a Staggering 13.9 Trillion Yen Supplementary Budget

According to informed sources, Japan will rely significantly on additional tax revenues to finance Prime Minister Shigeru Ishiba's stimulus package with an extra ...

China and Russia Conduct Joint Air Patrol Over the Sea of Japan

Chinese state television CCTV reported that the Chinese and Russian armed forces conducted their ninth joint strategic air patrol over the "relevant airspace" ove...

China to Start Restricting Tungsten Exports

Forex - China will begin to limit its critical metal tungsten exports this weekend. According to Argus, this signifies a reversal of decades in which Chinese comp...

Codelco's Project Unit Employees Reach Collective Agreement

Foreks - Chile's state-owned mining company Codelco, the world's largest copper producer, announced that it has reached a new collective bargaining agreement with...

LME to Raise Fees by an Average of 4.7% in 2025

The London Metal Exchange (LME) announced yesterday that it plans to increase its fees by an average of 4.7% next year, but there will be no increase in trading f...

Major Steel Producers Fail in Transition to Renewable Energy

According to a survey among 18 leading companies, the world's largest steel producers are lagging in the transition to low-carbon production, with some still enti...

TANKER REPORT - A tanker is loading at Ceyhan BTC, two tankers have departed from the port.

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

MARKET OUTLOOK - Iron Ore Rises in Dalian, Preparing for Weekly Gains Amid China's Strengthening Economic Outlook

Forex - Iron ore futures in Dalian climbed to their highest level in over a month, with a stronger economic outlook for China boosting market sentiment and prepar...

TANKER REPORT - 16 Tankers to Transit the Dardanelles and Bosphorus Today

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 c...

TANKER REPORT - 34 Tankers Located in Black Sea Ports

Forex - A total of 34 tankers are currently positioned in Black Sea ports, which serve as the first leg for the oil arriving in the region to reach the world via ...

Market Outlook: Copper Set for Second Consecutive Monthly Decline Amid Demand Concerns

Copper prices rose in today's trading, but are set to face their second monthly decline amidst concerns about possible U.S. tariffs and a lack of aggressive stimu...

Canada's Antitrust Watchdog Sues Google Over Ad Business

The Canadian antitrust watchdog has filed a lawsuit against Google (NASDAQ: GOOGL), claiming that the company engaged in anti-competitive behavior in its online a...

Leading Banks Expected to See Decline in Currency and Foreign Exchange Trading Revenues

Forex - Global banks are on track to report the lowest revenue from foreign exchange and currency trading since the pandemic, impacted by tighter margins and chal...

Kazakhstan Central Bank Surprises with 100 Basis Point Interest Rate Hike

Forex - The National Bank of Kazakhstan (NBKZ) made a surprise decision to raise its policy interest rate by 100 basis points, highlighting inflation risks.

Acc...