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Sunday, March 29, 2020

Turkish stocks flat at closing session

ISTANBUL Turkey's benchmark stock index closed the day at 100,966.27 points on Wednesday, down slightly 0.10% from the previous close.     Borsa Istanbul's BIST 100 index started the day at 100,416.41...

Global oil production down in February 2020

ANKARA  Global oil supply decreased month-on-month by 290,000 barrels per day (BPD) in February 2020 to average 99.75 million BPD, the Organization of Petroleum Exporting Countries (OPEC) said in its...

BoE cuts bank rate to back UK businesses amid COVID-19

ANKARA  The Bank of England (BoE) on Wednesday took measures to help U.K. businesses and households weather possible economic disruptions due to coronavirus. In a special meeting, the bank's Monetary Policy...

Oil prices continue recovery from 4-year lows

ANKARA Crude oil prices have continued their recovery from their lowest level in four years as markets opened with gains on Wednesday on the hopes that economic stimulus in the...

Saudi Arabia orders Aramco to up oil capacity by 1M bpd

ANKARA Saudi Arabia has ordered its national oil company Saudi Aramco to increase its crude oil production capacity by 1 million barrels per day (bpd), according to a statement on...

Turkish Airlines extends flight suspension to China

ANKARA After consulting with authorities over the coronavirus outbreak, Turkish Airlines has decided to extend suspension of its flights to China, a senior spokesman said Monday. The national flag carrier suspended...

Huawei determined on more investments in Turkey

ANKARA  Chinese technology giant Huawei will pursue further investments in Turkey and it will not be deterred by global circumstances, according to a senior official of Huawei Turkey. “Huawei has been...

Huawei gets limited role in UK's 5G network

LONDON Chinese telecom company Huawei will be allowed a "limited role" in the U.K.'s next-generation 5G telecommunications network, the British government said Tuesday. The company will be "excluded from all safety...

Turkish furniture sector set to broaden its global presence

ISTANBUL Turkey, which made $3.5 billion furniture exports last year, is preparing to open two furniture malls in the U.S. and Dubai in coming months. While the country's furniture sector continues...

BP pulls out of Iraq's Kirkuk oilfield

ANKARA/KIRKUK British energy giant BP has withdrawn from Iraq's Kirkuk oilfield following discouraging results and the Iraqi oil ministry's decision not to renew the company's field study contract, according to...

Latest article

COVID-19: Spain’s daily death toll climbs to nearly 400

OVIEDO, Spain Coronavirus continues to devastate Spain, with the official death toll surging by nearly 400 on Sunday, according to new figures. In total, 1,720 people...

Bangladesh: Road crash claims 15 lives

DHAKA, Bangladesh The death toll from a head-on collision late Saturday between a truck and van in southeastern Bangladesh rose to 15 when three more...

China: Belgian football player positive for coronavirus

ISTANBUL Belgium international Marouane Fellaini has become the first football player in China with coronavirus. The 32-year-old tested positive for the virus, his Chinese Super League...

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