Economy

White goods sales increased in October

According to TÜRKBESD data, sales of white goods increased by 9 percent on an annual basis in October, and decreased by 4 percent in the January-October period compared to the same period of the previous year. Exports remained at the same levels in October. Turkish White Goods Manufacturers Association (TÜRKBESD) announced the domestic sales and export data for October 2022. Accordingly…
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Economy

Violent protests erupt at Apple's iPhone factory in China

The Foxconn factory in China, which produces many of Apple’s products, especially the iPhone, was the scene of violent protests today. The protests are thought to be due to the system of work created due to strict Covid restrictions. Hundreds of workers at Apple’s main iPhone-producing factory in China began protests and clashed with security personnel. According to Bloomberg’s…
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Economy

Huge drop in confidence in financial services

According to CBRT data, financial services statistics and financial services confidence index decreased by 9.6 points to 154.7 in November compared to the previous month. The index fell to its lowest level since March 2021. The Central Bank (CBRT) announced the…
Economy

The increase in CBRT reserves is expected to continue

It is stated that the increase in the reserves of the Central Bank in the last weeks will continue with 5 billion dollars coming from Saudi Arabia in the coming period. While the dollar/TL continues its horizontal course around 18.6, the increase in the reserves of the…
Economy

Bullish recovery in Brent oil

Brent oil is trading at $88.46 a barrel on international markets. The price of a barrel of Brent oil, which rose to 88.80 dollars yesterday, ended the day at 88.36 dollars. At 09:25, the price of a barrel of Brent rose by 0.11% compared to the closing date and rose to 88.46 dollars. In the same minutes, West Texas-style (WTI) crude oil found buyers at $81.06 a barrel. Uncertainty about global oil…
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Economy

The tour battle is heating up

Starting point for pre-election excursions from Achaia, today and tomorrow, for Kyriakos Mitsotakis • How will Alexis Tsipras and Nikos Androulakis respond Kyriakos Mitsotakis decided on a new model of tours with a flavor of the ballot box and, starting from…
Economy

Central Bank's "record" move: tomorrow will be determined by the interest rate decision

The interest rate decision of the Central Bank of the Republic of Turkey (CBRT) will be announced tomorrow at 2:00 p.m. Economists’ forecasts for the Central Bank’s new decision, which surprisingly cut interest rates by 150 basis points to 10.5% in October, have become clear. In the Reuters survey, CBRT interest rates are expected to fall by 150 basis points in November. If a…
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