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August 2024

Bitcoin dips to $52K over recession fears

ANKARA: The price of bitcoin sank more than 14% to hover around $52,000 on Monday with growing fears of a US recession in the wake of softer-than-expected jobs data which prompted a rush to safe-haven assets.

Bitcoin saw its price dive to as low as $…

Turkish stocks open week with strong loses

ANKARA: The Turkish benchmark stock index opened Monday at 9,769.69 points, dipping 6.72% or 703.807 points from the previous close.

On Friday, Borsa Istanbul’s BIST 100 index sank 3.01% to 10,473.47 points with a daily transaction volume of 83 billi…

Trkiye’s annual consumer inflation slows to 9-month low in July

ANKARA: Trkiye’s annual consumer inflation significantly cooled to a nine-month low of 61.78% this July, below economists’ forecasts, according to official data released on Monday.

Headline inflation decreased for the second consecutive month in July…