Browsing: Economy

The Turkish stock market opened higher on Tuesday. The BIST 100 index of the Borsa Istanbul has increased by more than 14 points since the previous close. ANKARA (Ankara) On Tuesday, Turkiye’s benchmark stock index opened at 1,941.26, up 0.76 percent, or 14.60 points, from its previous close. The BIST 100 index of the Borsa Istanbul rose 3.71 percent to 1,926.66 on Monday, with a daily trading volume of 21.9 billion liras ((dollar)1.63 billion. The exchange rate between the US dollar and the Turkish lira increased to 13.2445 as of 9.30 a.m. local time (0630 GMT) from 13.0980 at the…

The majority of European stocks end the day in the green. The FTSE 100 Index in London has dropped 18.47 points. ANKARA On the first trading day of the new year, European stock markets ended mostly higher. The STOXX Europe 600 index, which includes around 90% of the European market capitalization in 17 countries, rose 2.19 points, or 0.45%, to close at 489.99. The DAX 30 in Germany increased by 135.87 points, or 0.86 percent, to 16,020, while the CAC 40 in France increased by 64.19 points, or 0.9 percent, to 7,217. The FTSE MIB 30 in Italy closed at…

For the first time, Turkiye’s share of global trade exceeds 1%: President Turkiye, according to Recep Tayyip Erdogan, aims to surpass pre-pandemic tourism figures in the coming years. ISTANBUL, TURKEY Last year, Turkiye’s share of global trade surpassed 1% for the first time, according to the country’s president, who cited recently released export figures for 2021. Recep Tayyip Erdogan told reporters after a Cabinet meeting in Ankara that while global goods trade fell 10% in 2021, Turkiye increased its exports by 33%. Turkiye’s annual exports have increased by six times since 2002, when they were (dollar)36 billion, he said, citing…

The cryptocurrency Neom Coin will be listed on the BitMart exchange on Thursday. According to a statement from Neom Blockchain Technologies, cryptocurrency will be used in future smart cities. ANKARAISTANBUL is a city in the Turkish province of ANKARAISTAN According to a statement released on GlobeNewswire on Monday, Neom Coin, a cryptocurrency developed by the company Neom Blockchain Technologies, will be listed on the BitMart cryptocurrency exchange on Thursday. Neom Coin will be used in future smart cities that will not work with traditional currency or wealth management, according to the company. “Everyone knows about smartphones, smart cars, and smart…

In the first session of the new year, US stocks finished higher. Apple is the first publicly traded company to reach a market capitalization of (dollar)3 trillion dollars. ISTANBUL, TURKEY On the first day of trading in the new year, major US stock indexes ended higher. The Dow Jones Industrial Average closed at 36,585, up 246.76 points or 0.68 percent. The S&P 500 index gained 30.4 points, or 0.64 percent, to close at 4,796. The Nasdaq finished the day up 187.83 points, or 1.20 percent, at 15,832. With a 3 percent gain in the stock during the day, Apple Inc.…

Apple becomes the first company to reach a market capitalization of (dollar)3 trillion dollars. On the first transaction day of 2022, the company’s shares reach (dollar)182.88 and reach a market value of (dollar)3T. WASHINGTON D.C. Apple, the tech behemoth based in the United States, has become the first company to have a stock market value of (dollar)3 trillion. Apple’s stock has increased threefold since the beginning of the pandemic, and it gained about 3% on Monday. The company’s shares hit (dollar)182.88 on the first transaction day of 2022, valuing it at (dollar)3 trillion. Apple was followed by Microsoft, which had…

In 2021, Turkiye earns (dollar)2.26 billion from hazelnut exports. According to the regional trade union, the country exported 344,379 tons of hazelnuts to 122 countries in 2021. Turkiye’s GIRESUN According to a regional trade union, Turkiye earned (dollar)2.26 billion last year from hazelnut exports. According to the Black Sea Hazelnut and Hazelnut Products Exporters’ Union, the country exported 344,379 tons of hazelnut to 122 countries in 2021, the highest in the republic’s history. Turkiye exports the most hazelnuts in the world. *Istanbul-based journalist Gokhan Ergocun contributed to this piece.

In 2021, Singapore’s economy will grow at its fastest rate in over a decade. According to preliminary data, Singapore’s economy grew by 7.2 percent last year, following a decline in 2020. ANKARA (Ankara) According to preliminary data released on Monday, Singapore’s economy grew at its fastest annual rate in more than a decade in 2021. According to the Trade and Industry Ministry’s preliminary estimates, the economy grew by 7.2 percent last year, the highest annual rate since 2010. The ministry’s previous estimate from November predicted annual GDP growth of 7% in 2021. Singapore’s economy contracted 5.4 percent in 2020 as…

An appeal has been launched to find the relatives of a 60-year-old man who was discovered dead in his Paisley home. Richard Reid, 60, was discovered dead in his Paisley home earlier this week, and police are looking for his family members. His death was not surrounded by any enigmatic circumstances. A search has begun for the relatives of a 60-year-old man who was discovered dead in his Paisley home. On January 9, Richard Reid was discovered at his home address on Alice Street. There are no suspicious circumstances surrounding his death, according to Police Scotland. Following the discovery, officers…

The Borsa Istanbul in Turkiye comes to a close on Monday. BIST 100 is up 69 points from the previous year’s close. ANKARA On Monday, Turkiye’s benchmark stock index closed at 1,926.66 points, up 3.71 percent from the previous close. Borsa Istanbul’s BIST 100 index began the day at 1,871.25 points, up 69.01 points from the previous year’s close of 1,857.65 points. During the day, the index reached a low of 1,864.79 points and a high of 1,926.66 points. By market close, the BIST 100 had a total market value of around 1.56 trillion Turkish liras (roughly (dollar)117 billion), with…

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