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July 2024

US mortgage applications fall as rates rebound from 3-month low

ISTANBUL: US mortgage applications fell last week, as mortgage rates rebounded from their lowest in more than three months, according to a Mortgage Bankers Association (MBA) report released Wednesday.

The market composite index, a measure of mortgage…

US services sector contracts in May for 2nd time in past 3 months

ISTANBUL: Economic activity in the US services sector fell in June for the second time in the last three months, according to a survey report Wednesday by the Institute for Supply Management (ISM).

The ISM’s non-manufacturing purchasing managers’ ind…

Global air travel grows 10.7% in May

ANKARA: Global air passenger demand increased 10.7% from a year ago in May, with airlines filling a record 83.4% of their seats, according to International Air Transport Association (IATA) data released on Wednesday.

Total air passenger capacity, mea…