36% of Americans Took on Holiday Debt This Year

According to a new survey by LendingTree, 36% of American consumers have taken on holiday debt this season. The debt balance, which was $1,028 in 2023, has increa...

The Minimum Wage Has Reached 22,104 TRY

The Minister of Labor and Social Security, Vedat Işıkhan, stated, "We have determined the minimum net wage effective from January 1, 2025, as 22,104 Turkish lira....

Fitch Increases 2025 Spot Price Forecast for Malaysian Crude Palm Oil

Fitch Ratings has raised its assumptions for Malaysia’s benchmark crude palm oil (CPO) spot prices for 2025 and beyond. However, it emphasized that it continues t...

China's Central Bank Extends 300 Billion Yuan in One-Year Loans to Banks, Rates Unchanged

Forex - The People's Bank of China did not change interest rates while conducting a medium-term lending facility operation. According to the announcement, the PBO...

"Extension Alert: '6 Months - 6,000 Kilometers' Program Deadline Extended to July 1st"

The Ministry of Trade announced the extension of the "6 months - 6 thousand kilometers" regulations until July 1, 2025. This step was taken to combat speculative ...

China’s National People’s Congress Standing Committee Approves VAT Implementation in 2026

Forex - China's top lawmakers took a significant step in the implementation of the rule-based taxation principle by voting to adopt a special law on value-added t...

Title: New 40% Local Production Requirement for Exemption of Special Tax on Vehicles for the Disabled

A new regulation enacted by the Presidency has made significant changes to the Special Consumption Tax (ÖTV) exemption applied to vehicles for individuals with di...

China's National People's Congress Standing Committee Approves Value-Added Tax Law

Forex - China's top lawmakers have taken a significant step in implementing the principle of law-based taxation by voting to adopt a special law on value-added ta...

Forex News: Stock Market Opening Survey Results Are In

In a survey conducted by analysts, the median forecast for the BIST100 Index opening gap value was 17.7 points, while the average forecast was 19.67 points. The h...

Japanese Government Plans Record 115 Trillion Yen Budget for Next Fiscal Year

According to reports, the Japanese government is finalizing preparations for a record general account budget of 115 trillion yen (732 billion dollars) for the fis...

BBVA Research: The New Meeting Dates of TCMB Are Crucial for Understanding the Evolution of Real Rates

Following the meeting of the Monetary Policy Committee of the Central Bank of the Republic of Turkey (TCMB), BBVA economists Adem İleri and Seda Güler Mert provid...

IMF Grants Initial Approval for $1.2 Billion Fourth Review for Egypt

The International Monetary Fund (IMF) has announced that it has reached a staff-level agreement regarding the fourth review under the Extended Fund Facility arran...

Astor Energy Signs Contracts for Two Large Power Transformers in Spain

Foreks - Astor Enerji (IS:ASTOR) A.Ş has signed an agreement for the supply of two 125 MVA, 220/30 kV power transformers with British Petroleum's Spanish subsidia...

China to Focus on Stabilizing Housing Market Even in 2025

According to reports, efforts to stabilize China's real estate market and prevent further declines will continue into 2025. The report indicates that China will s...

ITO President Avdagiç: Once Visa Acquisition Ceases to Be a Barrier, Turkish Business World Will Elevate Its Current Potential

Foreks - Istanbul Chamber of Commerce (ITO) President Şekib Avdagiç stated, "We strongly condemn the issue of visas being used like the sword of Damocles over Tur...

Weekly API Crude Oil and Petroleum Products Stocks in the U.S.

Forex -

API Stocks
Net Change
(Barrel)

Date
Oil
Gasoline
Distillates

December 20, 2024
-3,200,000
-3,900,000
-2,500,000

December 13, 2...

Astor Energy Signs Contracts for Two Large Power Transformers in Istanbul

Foreks - Astor Enerji (IS:ASTOR) A.Ş has signed an agreement for the supply of two 125 MVA, 220/30 kV power transformers to be used in a solar energy project with...

China's Central Bank Provides 300 Billion Yuan in One-Year Loans to Banks, Interest Rates Unchanged

Forex - The People's Bank of China did not change the interest rate while conducting its medium-term lending facility operation. According to the announcement, th...

Oil Prices Maintain Steady Course

Forex - Starting the week with optimism that the announced economic stimulus efforts will lead to a recovery in China, oil prices have settled into a sideways tre...

Shanlıurfa's Eyyübiye District Designated as Shanlıurfa Industrial Zone

Forex - An area located in the Eyyübiye district of Şanlıurfa has been designated as the Şanlıurfa Industrial Area. The presidential decision regarding this matte...

All Passenger and Light Commercial Models Under Stellantis Support HVO Diesel Fuel

Foreks - Stellantis continues to invest in innovative and clean energy sectors. All Stellantis passenger and light commercial vehicles support the use of Hydrogen...