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October 15, 202615°
BIST10012,140
+0.18%
USD49.39
+0.05%
EUR55.30
+0.16%
GOLD4,173.30
+1.59%
INTEREST37.00%
-1.00
BITCOIN81,196
-0.46%
October 15, 202615°

Markets & Finance

195 articles

Economy

Leadership Turmoil Deepens at BP: Third CEO and Chairman Change in Three Years
BP faces its third CEO and third chairman change within three years, raising investor scrutiny over the company's governance structure and strategic direction.
BYD Suspends Planned Factory Investment in Turkey
It has been announced that BYD has suspended its planned factory project in Turkey. This decision by the company is closely watched in terms of automotive investments in Turkey.
EU-South Korea Summit in Brussels Focuses on Defense and Economic Cooperation
The summit held in Brussels between the European Union and South Korea highlights defense, economic, and security issues. The meeting takes place as Chinese leader Xi Jinping completes his visit to North Korea and Seoul seeks to deepen defense cooperation with Europe.
27 Detained in Multi-Million Credit Fraud Using Fake Appraisal Reports
In an Istanbul-centered operation, suspects identified for committing credit fraud using fake appraisal reports were targeted. Simultaneous raids led to the detention of 27 individuals.
Saudi Arabia's New Airline Riyad Air Completes Its Maiden Flight
Saudi Arabia's second national airline, Riyad Air, conducted its inaugural flight after delays exceeding one year. The flight to London is seen as a significant step toward the country's non-oil growth ambitions and plans to establish Riyad as a regional aviation hub.
EU Suspends Part of €680 Million Support Allocated to Ukraine
The European Commission has suspended approximately €680 million in EU aid to Ukraine due to the country's failure to complete two reform commitments on time. The Commission clarified that the payments have not been canceled and that Kyiv has until summer and autumn 2026 to fulfill the reforms.
Fitch Downgrades Global Outlook Amid US-Israel-Iran Conflict Impact
Fitch Ratings has lowered its sector outlook for this year, citing increased risks to the global economy due to the US-Israel-Iran conflict. The agency expects deterioration in growth, inflation, and geopolitical risks, while revising China's outlook upward.
FCMB Group's Annual Profit Hits Record High, Dividend Proposal Increased
FCMB Group announced a 147.7% increase in its annual net profit, reaching 177.3 billion naira, marking a record in the company's history. Following these results, the group management proposed a cash dividend of 0.35 naira per share.
US Treasury Yields Remain Steady Ahead of Key Economic Data
US Treasury yields largely held steady ahead of new economic data scheduled for release this week. The 10-year benchmark yield stayed at 4.55%, as investors await employment and home sales reports.
Companies Shift Focus from Token Counts to Outcomes in AI Usage
Measuring AI expenses by token count is losing ground in companies. Executives speaking at a summit in Paris emphasized that the real metrics should be efficiency, customer service, and business value.

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