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Saturday, July 4, 2020

Turkish stocks up 0.35% at open

ANKARA  Turkey's benchmark stock index started Friday at 117,315.61 points, rising 0.35% or 407.84 points. At Thursday's close, Borsa Istanbul's BIST 100 index was up 1.38% at 116,907.77 points with a...

Goldman Sachs expects full oil demand recovery in 2022

ANKARA  Global oil demand is expected to return to pre-coronavirus levels in 2022 with a pickup in transportation and recovery in major economies, Goldman Sachs said in a report on...

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...

Airbus to cut 15,000 jobs, one-third from France

PARIS As part of the restructuring efforts, aeronautics leader Airbus announced Wednesday it will cut a total of 15,000 jobs, one-third of them to come from France. The announcement comes after...

Turkey's Akbank realizes first eurobond issuance

ANKARA Turkey-based private lender Akbank announced on Wednesday that it was the first Turkish bank to issue eurobonds during the novel coronavirus pandemic.  "In this challenging period, we have successfully realized...

Aeromexico files for US bankruptcy amid pandemic

ANKARA Mexico's flagship airline has announced that the company had applied to begin a voluntary process of financial restructuring under Chapter 11 in the US due to coronavirus impact on...

Oil prices down as Libya escalates oversupply worries

ANKARA Oil prices were down Tuesday, losing gains made during the previous session, as Libya prepares to restart crude oil exports while intensifying concerns over a possible rise in the...

Turkish stocks up over 1% at Monday's close

ANKARA Turkey's benchmark stock index ended the day up 1.02% to close at 115,843.01 points on Monday. After starting the week at 114,776.42 points on Monday, Borsa Istanbul's BIST 100 index...

Turkish banks post $4B net profit in January-May

ANKARA  Turkey’s banking sector registered a net profit of 27.3 billion Turkish liras ($4 billion) as of the end of May, the country's banking watchdog announced Monday. Total assets of the...

Turkish firm to produce drone cargo aircraft

ISTANBUL Turkey is all set to manufacture a drone cargo plane for its armed forces. Ismail Demir, the head of Turkey's Defense Presidency (SSB), tweeted on Monday that they have signed...

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On Liberation Day, Rwanda vows to defeat COVID-19

KIGALI, Rwanda Rwanda’s president on Saturday marked the country’s 26th Liberation Day with a pledge to defeat the coronavirus pandemic, urging citizens to stand together...

Tourists enjoy healthy, safe vacation in Turkey

ANTALYA As Turkey has taken a full slate of measures to ensure the safety of local and international tourists amid the coronavirus outbreak, visitors are...

1,200+ recover from COVID-19 in 24 hours: Turkish health minister

ANKARA More than 1,200 people recovered from the novel coronavirus in Turkey over the past 24 hours, said the country's health minister on Saturday. Fahrettin Koca...

Henry Onyekuru leaves Galatasaray

ANKARA Henry Onyekuru left Turkish powerhouse Galatasaray on Saturday at as his loan deal with the Istanbul football club concluded at the end of June. Following...

2 militants dead in Kashmir gunfight

SRINAGAR, Jammu and Kashmir Two militants were killed in a gunfight with government forces in Indian-administered Jammu and Kashmir on Saturday, police said. Three Indian soldiers,...

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