Finance
Dollar starts 2018 in doldrums, falls to more than 3-month low
The dollar sank on Tuesday to its lowest in more than three months, weighed down on the first trading day of 2018 by market expectations of a slower pace of interest rate... More
Finance
What impact bitcoin has on the environment?
The growth of bitcoin is fueling speculation and debate about the environmental impact of the collective energy needed to power the virtual currency in the era of climate... More
Finance
Turkey's Borsa Istanbul closes 2017 at record high
Turkey's stock exchange reached its highest-ever close on the last working day of 2017, recording 115,333.01 points.
The BIST 100 rose 0.74 percent, or 852.56 points, while... More
Finance
Goldman Sachs says will earn $5 billion less in 2017 due to tax overhaul
Goldman Sachs expects to take a $5 billion hit to profits for the fourth quarter and year because of the tax overhaul signed into law last week.
The New York bank on Friday... More
Finance
Bitcoin falls 11 pct after S.Korea curbs on digital currency trade
Bitcoin fell more than 11 percent after South Korea said on Thursday it would ban anonymous trading of virtual currencies and crack down on money laundering activities using... More
Finance
Bitcoin rises 10 pct, recovers from last week's brutal selloff
Bitcoin extended its recovery in holiday-thinned trading on Tuesday, rising 10 percent to be up more than a third from last week's lows of below $12,000.
Bitcoin, the world's... More
Finance
Transfer of Vakıfbank shares will not change bank's status
After the transfer of 58.45 percent of its shares to the Turkish Treasury, Vakıfbank said Monday that it would not change its status as a state bank or its strategy and business... More
Finance
Bitcoin drops 19 percent towards $13,000-mark
A bitcoin sell-off that began at the beginning of the week is gaining momentum, with a fifth of its value evaporating in just the past 24 hours.
The digital currency slumped... More
Finance
Int'l finance, business circles perceive Turkish markets positively
Export Credit Bank of Turkey (Türk Eximbank) General Manager Adnan Yıldırım said yesterday that finance and export credit agencies they have met abroad have positive perceptions... More
Finance
Halk REIT issues Turkey's first sukuk
Halk Real Estate Investment Trust (REIT) has issued Turkey's first Sharia-compliant, interest-free financial certificate, known as sukuk, through Halkinvest.According to a... More
Finance
Bitcoin falls about 15 pct after recent record-high of $19,500
Bitcoin prices plunged about 15 percent in Asian trade Wednesday before recouping some of the losses as investors apparently took fright at news that a South Korean exchange... More
Finance
Euro climbs above $1.25 for 1st time since Dec. 2014
The dollar weakened further Thursday as the euro climbed above $1.25 for the first time in more than three years.
Around 1400 GMT, the European single currency jumped to...
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Finance
S&P; 500, Nasdaq end at records as technology shares gain
U.S. stocks advanced on Tuesday, as strong results from Netflix helped lift the S&P and Nasdaq Composite, but the Dow Industrials were hemmed in by declines in Johnson...
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Finance
Borsa Istanbul sees $69.8B increase, global stock exchanges exceed $80 trillion in 2017
The Borsa Istanbul saw an increase of 44.3 percent in its market value when compared to the same period of the previous year, while the market value of global stock exchanges reached $80.84 trillion
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Finance
Turkey's external assets reach nearly $231 billion in November
Turkey's external assets increased by 7.1 percent to $230.9 billion as of November 2017 from the end of 2016, the Central Bank of the Republic of Turkey (CBRT) reported on...
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Finance
Fitch decides to close Istanbul office
While stressing its continued commitment to Turkey, the U.S.-based credit rating agency Fitch Ratings announced on Friday it has decided to close its Istanbul office and to...
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Finance
Bitcoin falls to $10,000 for first time since Dec. 1
Bitcoin slid to $10,000 on Wednesday for the first time since Dec. 1, leaving the cryptocurrency down by close to half from its peak hit last month.
Bitcoin, the largest...
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Finance
Bitcoin slides 18 percent, cryptocoins crash on crackdown fears
Bitcoin slid as much as 18 percent on Tuesday to a four-week low, as fears of a regulatory crackdown on the market spread after reports suggested it was still possible that...
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Finance
Turkey's treasury warns against cryptocurrency risks
Turkey's Financial Stability Committee warned Thursday against trading in cryptocurrencies, saying it is highly volatile and lacks regulation by authorities.
In a statement...
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Finance
Consumers win 77 pct of arbitration cases, bank complaints make up nearly half
Out of 636,048 decisions given by Turkey's Consumer Arbitration Committees in 2017, consumers won 77 percent of the cases, whereas bank fee complaints constituted nearly half...
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Finance
Borsa Istanbul draws $1.8 billion in net purchases by foreigners in 2017
Foreign investors made a net investment of $1.8 billion in the Borsa Istanbul in 2017, an increase of almost 300 percent, as they made net purchases worth $613 million in...
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Finance
Halkbank says not been party to Iran case in US as judicial process resumes
Turkey's state-owned lender Halkbank stated Thursday that the bank has not been a party to the Iran sanctions evasion case in the U.S., and there currently aren't any administrative...
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