ISTANBUL: The Swiss Central Bank cut its policy rate to 1% by 25 basis points, third time in a row in 2024.

The bank stressed that the inflationary pressure in the country decreased significantly in the third quarter versus the previous quarter.

Sin…

ISTANBUL: The US saw 716,000 units of new home sales in August, down from 751,000 in July but beating the market expectation of 699,000.

The number of new home sales fell 4.7% from July to August, the US Census Bureau and the Department of Housing an…

ISTANBUL: Global gold demand rose 5% on an annual basis in the third quarter of the year to a little over 1,300 tons, coming at over $100 billion for the first time, the World Gold Council said on Wednesday.

While global demand this quarter saw a rec…