Browsing: Economy

In December, the US services PMI was revised upwards. According to the report, high inflation was driven by input shortages, transportation delays, and labor costs in December. ANKARA (Ankara) According to a report released on Wednesday by London-based global data provider IHS Markit, the US services Purchasing Managers Index (PMI) for December was revised up. The index, which measures purchasing managers’ activity in the services sector, was revised up to a final reading of 57.6 from the previous month’s flash estimate of 57.5. The final reading was expected to be 57.5, but it came in at 58.0 in November. A…

Despite robust private payrolls, US stocks are mixed. Precious metals are rising, with gold up 0.6 percent. ANKARA is the capital of Turkey. Despite strong private payrolls data, major indices in the US stock market opened mixed on Wednesday. At 9.56 a.m., the Dow Jones industrial average was up only 2 points to 36,801. EDT (Eastern Daylight Time) The S&P 500, on the other hand, dropped 4 points, or 0.1%, to 4,788, while the Nasdaq dropped 70 points, or 0.45%, to 15,552. According to the ADP Research Institute, private payrolls in the United States increased by 807,000 in December from…

The Pakistan-Iran-Turkey cargo train arrives in Ankara, resuming the route after ten years. The train journey from Pakistan to Turkiye, Iran, takes around 13 days and covers 3,666 miles. ANKARA (Ankara) Following the resumption of operations, a ceremony was held in Istanbul on Wednesday to commemorate the arrival of the first Islamabad-Tehran-Istanbul (ITI) train carrying goods from Pakistan to Turkiye via Iran. On December 1, the ITI cargo train left Islamabad. 21st, 2021, and took 13 days to arrive in Ankara. The ceremony was attended by Turkey’s Transport and Infrastructure Minister Adil Karaismailoglu, Pakistan’s National Assembly Member Makhdoom Zain Hussain…

‘Turkey is now forging its own path, rejecting economic orthodoxy.’ The treasury and finance minister tells a group of industrialists and businesspeople that Turkiye will continue to grow in an export-oriented manner. ANKARA is the capital of Turkey. Turkiye has abandoned traditional economic policies in the face of global change, according to the treasury and finance minister. “We will act on our own path with an understanding that shapes this change, not the path that someone has drawn for us,” Nureddin Nebati said at a meeting in Ankara’s capital. He explained that the country will continue on its own path,…

Private payrolls in the United States increased by 807,000 in December, exceeding expectations. According to economists, the job market strengthened in December because the impact of omicron had yet to be seen. By means of According to the ADP Research Institute’s national employment report released Wednesday, US private payrolls increased by 807,000 in December from the previous month, exceeding market expectations. The figure was more than double the market forecast of a 400,000 increase in US payrolls in December. Small and medium-sized businesses added 204,000 and 214,000 jobs, respectively, during the month, while large businesses added 389,000. “The job market…

Turkish flower exports are expected to hit nearly (dollar)150 million in 2021. According to the head of the industry group, last year’s figure increased by 38% over the previous year, with a goal of 20% growth in 2022. ANTALYA is a Greek word that means “agains According to an industry group, Turkish flower exports reached (dollar)148 million in 2021, up 38% from the previous year. “This is a record,” Ismail Yilmaz, president of the Ornamental Plants and Products Exporters’ Association, told Anadolu Agency. The number of countries to which Turkiye exported flowers increased to 83 during the pandemic, Yilmaz said.…

Uniper is forced to seek financial assistance due to the volatile energy markets. Since January, natural gas prices in Europe have risen by over 900 percent, reaching €187 per megawatt-hour in December. 21. ANKARA (Ankara) Fortum said on Tuesday that a subsidiary, German energy company Uniper, had sought credit from KfW Bank and Fortum to secure liquidity amid extremely volatile markets that have seen unprecedented gas price rises. Uniper received intra-group financing from Fortum through an €8 billion credit facility agreement. A shareholder loan and a parent company guarantee make up this credit facility. “Uniper’s existing €1.8 billion ((dollar)2 billion)…

Concerns about lower demand cause global oil prices to fall. Brent prices fell on Wednesday after surpassing (dollar)80 per barrel at the OPEC(plus) meeting on Tuesday. ANKARA is the capital of Turkey. On Wednesday, global oil prices fell as US gasoline stockpiles increased by 7.1 million barrels in the week ending December. The American Petroleum Institute released a report on Tuesday stating that the number is 31. The increase in stockpiles indicated a drop in demand in the United States. Investors are now waiting for crude oil supply data from the US Energy Information Administration, which is expected later today.…

In November, Turkiye’s crude steel production increased by 6.1%. According to trade group data, production reached 3.4 million tons. ANKARA (Turkey) According to trade group data, Turkiye’s crude steel production increased 6.1 percent year over year in November 2021. The Turkish Steel Producers’ Association (TCUD) said in a statement on Tuesday that November production reached 3.4 million tons. Steel exports fell 0.4 percent to 1.5 million tons during the same period, but earnings increased 80.4 percent to (dollar)1.5 billion. Meanwhile, steel imports increased by 5.5 percent to 1.2 million tons, while their value increased by 71.9 percent to (dollar)1.3 billion.…

A Turkish company is delivering 150 buses to Ukraine. Two types of diesel-powered vehicles manufactured by the Turkish firm Karsan are now part of Kharkiv’s public transportation fleet. ANKARA Karsan, a Turkish automotive company, said in a statement on Wednesday that it will deliver 150 buses to Ukraine in 2021. According to the statement, Karsan’s diesel-powered Jest(plus) and Atak buses have been integrated into Kharkiv Municipality’s public transportation fleet. The buses were built as part of a 500-bus deal signed in April 2021. The Jest(plus) and Atak buses, according to Karsan CEO Okan Bas, are comfortable and environmentally friendly buses…

1 20 21 22 23 24 35