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EU’s manufactured goods production falls 1.2% in 2023

ISTANBUL: The EU’s production of manufactured goods decreased by 1.2% in 2023, following two consecutive years of growth, according to data released by the region’s statistical bureau Eurostat on Wednesday.

The highest increase in production value wa…

US banks’ fee income helps offset lower interest income: Fitch

ISTANBUL: American banks’ fee income in the second quarter has helped offset their lower net interest income, according to reported financial results, Fitch Ratings said Wednesday.

“The largest U.S. banks maintained prudent reserves and capital to co…