Chinese fintech big Ant Group has been fined virtually $1 billion for “illegal acts”, the nation’s monetary regulators mentioned Friday, including {that a} longtime crackdown
Category: Business
Samsung sees nearly 96% drop in Q2 operating profit
Traffic passes a Samsung Electronics Co digital billboard within the Times Square space of Manhattan in New York City, U.S. March 2, 2023.
Türkiye increases VAT rates, consumer loan tax, other fees
Türkiye has elevated its value-added tax (VAT) by 2 proportion factors in two classes, whereas additionally elevating the tax collected on financial institution shopper loans,
Surge in loan rates at Turkish public banks after policy reversal
Following a coverage overhaul that noticed the central financial institution virtually double its key fee final week, shopper and housing mortgage rates of interest at
Türkiye’s stock exchange Borsa Istanbul closes at all-time high
The benchmark inventory index rose by 4.45% to shut Monday at an all-time peak of 6,015.29 factors, following the 9 days of Qurban Bayram (Eid
Deutsche Bank tells investors some of their Russian shares missing
Deutsche Bank has instructed shoppers it could actually not assure full entry to Russian shares that belong to them, underlining the challenges world traders face
Turkish central bank simplifies rules under new governor
The Central Bank of the Republic of Türkiye (CBRT), led by newly appointed Governor Hafize Gaye Erkan, has initiated its first transfer towards streamlining insurance
U.S. opens probe into Ford Explorer recalls over power loss reports
2020 Ford Explorer vehicles are seen at Ford’s Chicago Assembly Plant in Chicago, Illinois, U.S. June 24, 2019. (REUTERS File Photo) U.S. auto
Türkiye’s path to price stability to be gradual but steadfast: Şimşek
Treasury and Finance Minister Mehmet Şimşek Friday reiterated the Türkiye’s dedication to curb worth will increase and guarantee monetary stability, a day after the central
Fed’s Powell boosts case for more rate hikes due to stubborn inflation
The Federal Reserve (Fed) chief on Thursday reiterated that the U.S. central financial institution would seemingly increase rates of interest at the least as soon