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July 30, 2024

US stocks open Tuesday higher as Fed meeting kicks off

ISTANBUL: Major stock exchanges in the US opened Tuesday with gains as the Federal Reserve’s two-day monetary policy meeting has kicked off.

The S and P 500 added 22 points, or 0.41% to 5,585 at 9.41 a.m. EDT and the Dow rose 144 points, or 0.36% to …

Hungary economy posts modest 1.5% recovery

ISTANBUL: Hungary’s unadjusted gross domestic product (GDP) increased by 1.5% in the second quarter of the year compared to the previous quarter, according to the country’s statistical authority on Tuesday.

On a seasonally and calendar-adjusted basis…

Turkish bank profits hike 24% in 1st half

ANKARA: The net profits of Turkish banks jumped 24% year-on-year in the first six months of 2024, according banking watchdog data released on Tuesday.

The sector posted a 314 billion liras ($9.6 billion) net profit in January-June, up from 252.5 bill…