Browsing: Economy

Toyota surpasses General Motors as the most popular car in the United States. Toyota dethrones GM in the United States for the first time since 1931, with 2.3 million vehicles sold. NEW YORK Despite a parts shortage, Toyota outsold General Motors (GM) as the top-selling automaker in the United States in 2021, with 2.33 million new vehicle sales. According to a statement released by the Japanese automaker on Tuesday, the figure increased 10.4 percent from 2020. Meanwhile, GM sold 2.2 million vehicles in the United States last year, a decrease of 12.9% from 2020. Toyota has now surpassed GM as…

The Price Stability Committee of Turkiye gets together to talk about inflation. The meeting will discuss ways to combat inflation, which was 36.08 percent in December in Turkiye. ANKARA (Turkey) Turkiye’s Price Stability Committee met on Wednesday to discuss measures to aid in the fight against inflation this year, according to the Treasury and Finance Ministry. The meeting, which was chaired by Treasury and Finance Minister Nureddin Nebati, decided to take steps to ensure supply security and to update the mechanisms used to lower agricultural input costs. The ministry stated that price movements that do not match the supply-demand balance…

Stocks in Europe end the day in the green. Markets reflect a positive economic outlook. ISTANBUL (Turkey) European stocks ended the day higher on Tuesday, owing to a more upbeat economic outlook, particularly among travel companies. The STOXX Europe 600 index, which includes approximately 90% of the market capitalization of the European market in 17 countries, rose 4.03 points, or 0.82 percent, to 494.02. The FTSE 100 in London rose 120.61 points, or 1.63 percent, to close at 7,505. The DAX 30 in Germany gained 135.87 points, or 0.86 percent, to 16,020, while the CAC 40 in France gained 100.19…

Fitch expects a 36% increase in sukuk issuance in 2021. Sukuk volumes, which reached (dollar)252.3 billion last year, are expected to increase in 2022, according to a global rating agency. ANKARA (Ankara) According to Fitch Ratings on Tuesday, sukuk issuance increased by 36.1 percent year over year to (dollar)252.3 billion in 2021. According to the global rating agency, sukuk issuances were dominated by central banks, governments, and multilateral institutions. A sukuk is an Islamic financial certificate, similar to a bond in Western finance, that complies with Shariah, or Islamic religious law. According to the agency, local-currency sukuk accounted for 80%…

New Social Security ‘(dollar)1,657 checks’ will be sent out THIS WEEK in a massive cost-of-living increase, according to the Cola increase 2022 update. This month, around 70 million Americans will receive increased social security payments worth up to (dollar)1,657, with many expected to arrive this week. Because of the new cost-of-living adjustment (Cola), retirees’ monthly checks will now average (dollar)1,565 per month, up 5.9% from 2021. The increase went into effect on January 1 as the country’s inflation continues to hit new highs due to the supply chain crisis. It’s the highest increase in a single year since 1982. Retired…

In December 2021, portfolio flows to emerging markets are expected to total (dollar)16.8 billion. Foreign investment in non-China EM securities is at a halt, with the omicron variant worsening the outlook, as well as expectations of a stronger dollar and higher US interest rates. ANKARA (Ankara) The Institute of International Finance reported on Tuesday that portfolio flows to emerging markets (EM) stood at (dollar)16.8 billion in December 2021, with the outlook worsened by the omicron variant and expectations of a stronger dollar and higher US interest rates. “Foreign investment in emerging market stocks and bonds outside of China has come…

Premiums for Medicare in 2022 may be reduced to help millions of Americans. MILLIONS of seniors may be eligible for lower Medicare premiums in 2022 after the cost of an Alzheimer’s disease drug was lower than expected. Medicare Part B standard premiums are set to rise 14.5 percent this year, costing beneficiaries more than (dollar)21 per month. The deductible for Part B is also increasing in 2022, from (dollar)203 to (dollar)233, in addition to the standard premium. From 2021 to 2022, this represents a 14.8% increase. Inflation, which is pushing up the price of goods and services as a result…

Tuesday’s Asian markets ended the day on a mostly positive note. Tuesday’s Asian markets ended on a mostly positive note. On Tuesday, Asian markets ended the day on a mostly positive note. Shanghai is down 0.20 percent, while the Asia Dow Jones Industrial Average, which includes the region’s blue-chip companies, is up 1.57 percent. ANKARA is Turkey’s capital. With the exception of China’s Shanghai Stock Exchange, Asian stock markets ended Tuesday with gains. The Asia Dow finished up 58.9 points, or 1.57 percent, at 3,825 points. Tokyo’s Nikkei 225 index ended the day at 29,302, up 510.1 points, or 1.77…

Manufacturing growth in the United States slowed to an 11-month low in December. The most recent reading shows a 2.4-percentage-point decrease from the previous month. ANKARA (Turkey) According to a report released on Tuesday by the Institute for Supply Management (ISM), US manufacturing growth slowed in December to its lowest level in 11 months. Last month, the ISM manufacturing purchasing managers’ index (PMI) dropped to 58.7, its lowest level since January 2021. The latest reading is down 2.4 percentage points from November’s 61.1. A reading above 50 indicates manufacturing expansion, while a reading below 50 indicates contraction.

For February, OPEC(plus) maintains its current production policy. The next OPEC and non-OPEC members meeting is scheduled for February. 1 ANKARA (Ankara) On Tuesday, the world’s top oil producers agreed to extend the current plan to boost output by 400,000 barrels per day (bpd) until February. The 24th Ministerial Meeting of the Organization of Petroleum Exporting Countries (OPEC) and its allies, known as OPEC(plus), was held via videoconference. Due to the sharp drop in demand following the emergence of the COVID-19 pandemic, the OPEC(plus) group reduced daily crude oil production by approximately 10 million barrels in April 2020. In April,…

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