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US stocks post major losses as weak data trigger recession woes

ISTANBUL: Major stock exchanges in the US closed with steep losses Tuesday as weak economic figures triggered fears of a recession in the American economy.

The Dow Jones Industrial Average fell 626 points, or 1.51%, to finish the day at 40,936. The S…

Australia’s GDP growth stable at 0.2% in 2nd quarter

ANKARA: The GDP in Australia increased 0.2% in April-June from the previous period, unchanged for three quarters in a row, according to data released on Wednesday.

The second quarter figure came in below market forecast of 0.3% and remained at the so…