OPEC extending oil cuts positive, but risks undersupply
ANKARA
OPEC and its allies agreeing to extend oil production cuts by a further one month is positive for the market and prices, but it risks the possibility of an...
Turkey's Borsa Istanbul down at opening session
ISTANBUL
Turkey's benchmark stock index started Friday at 118,500.81 points, down 0.45%, or 530.35 points.
At Thursday's close, Borsa Istanbul's BIST 100 index was up 0.81% at 119,031.16 points with a...
Qatar Airways sues Saudi-led bloc over blockade
DOHA
Qatar Airways on Wednesday submitted four international arbitration requests for $5 billion in compensation from a Saudi-led bloc that imposed a blockade on the Gulf state in mid-2017.
“The decision...
WTO's Goods Trade Barometer 'flashes red'
GENEVA
The volume of world merchandise trade is likely to fall steeply in the first half of 2020 as the COVID-19 pandemic disrupts the global economy, the World Trade Organization's...
'Turkiye Sigorta to push insurance sector over top'
ISTANBUL
Turkiye Sigorta, which gathered six state-run insurance companies under a single roof, will push the Turkish insurance sector over the top in the global competition, President Recep Tayyip Erdogan...
Turkish Cargo maintains operations for healthier world
ANKARA
Turkish Cargo, a division of Turkey’s national flag carrier Turkish Airlines, has planned 155 flights per week for cargo freighters and 60 flights per week for passenger aircraft that...
Turkcell, China Development Bank ink $590M loan deal
ANKARA
A €500 million ($590 million) long-term loan package with the China Development Bank (CDB) will help Turkish cellphone operator Turkcell take its business to the next level, the cellphone...
Asian bank loans $500 million to Turkish banks
ISTANBUL
The Asian Infrastructure Investment Bank (AIIB) approved $500 million in loans for the Development Investment Bank of Turkey (TKYB) and the Industrial Development Bank of Turkey (TSKB) to reduce...
'Smartphone giants to start production in Turkey'
ISTANBUL
Global smartphone giants from China and Far East will make investment and start production in Turkey soon, Turkish industry and technology minister said on Saturday.
About Chinese smartphone manufacturer Oppo's...
Barrel of US oil nosedives below $0 in historical first
WASHINGTON
The price for a barrel of West Texas Intermediate crude oil sharply curtailed Monday, falling into negative territory for the first time in history as demand continues to collapse...