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Tag: finances

Türkiye’s current account deficit widens to over .9B in May
Business

Türkiye’s current account deficit widens to over $7.9B in May

July 11, 2023July 11, 2023

Türkiye’s present account registered a deficit of $7.93 billion in May, greater than forecasted, official knowledge confirmed Tuesday. The shortfall widened from $5.4 billion in

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Iraq OKs record 3 billion budget featuring big public hiring
Business

Iraq OKs record $153 billion budget featuring big public hiring

June 20, 2023June 20, 2023

Iraq’s Parliament on Monday authorised a 2023 finances of 198.9 trillion Iraqi dinars ($153 billion), allocating report funds for a rising public wage invoice and

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UBS says it was forced into undesired Credit Suisse rescue merger
Business

UBS says it was forced into undesired Credit Suisse rescue merger

May 18, 2023May 18, 2023

UBS Group has revealed that it was compelled to have interaction in an undesirable shopping for of its cross-town rival Credit Suisse Group amid a

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Turkish consumer sentiment jumps 9.2% in April
Economy

Turkish consumer sentiment jumps 9.2% in April

April 19, 2023April 19, 2023

Consumer confidence in Türkiye rose 9.2% to 87.5 factors in April, official information confirmed on Wednesday. The studying thus resumed an upward pattern after a

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Türkiye’s budget posts nearly .5B deficit after earthquakes
Business

Türkiye’s budget posts nearly $2.5B deficit after earthquakes

April 17, 2023April 17, 2023

The central authorities funds of Türkiye posted a deficit of TL 47.22 billion ($2.46 billion) in March, the Treasury and Finance Ministry stated Monday. This

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Türkiye’s budget deficit posts nearly .5B after earthquakes
Business

Türkiye’s budget deficit posts nearly $2.5B after earthquakes

April 17, 2023

The central authorities funds of Türkiye posted a deficit of TL 47.22 billion ($2.46 billion) in March, the Treasury and Finance Ministry stated Monday. This

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Shares plummet after UBS’s historic takeover of Credit Suisse
Business

Shares plummet after UBS’s historic takeover of Credit Suisse

March 20, 2023March 20, 2023

Shares of Credit Suisse plunged 63% in early buying and selling Monday after the announcement that banking large UBS would purchase its troubled rival for

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Türkiye sees record budget deficit as tax income drops after quakes
Business

Türkiye sees record budget deficit as tax income drops after quakes

March 15, 2023March 15, 2023

Türkiye’s finances registered a file deficit in February, official knowledge confirmed Wednesday, pushed primarily by a fall in tax revenue, displaying the affect of catastrophic

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Turkish consumer confidence index at nearly 2-year high
Economy

Turkish consumer confidence index at nearly 2-year high

February 20, 2023

The client sentiment in Türkiye soared to a 23-month excessive in February, official figures launched on Monday confirmed. The client confidence index ticked up 4.3%

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Türkiye sees public debt restructuring bringing in .32 billion
Business

Türkiye sees public debt restructuring bringing in $5.32 billion

February 6, 2023February 6, 2023

Some TL 100 billion ($5.32 billion) in funds is anticipated as a part of Türkiye’s restructuring of public debt price TL 1 trillion below a

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