ISTANBUL: Major stock exchanges in the US soared Wednesday as Federal Reserve Chair Jerome Powell provided clear signals for a possible interest rate cut in September that investors much hoped for.

The tech-heavy Nasdaq soared almost 452 points, or 2…

ISTANBUL: European stocks closed higher on Wednesday, with the exception of the stock exchanges in Italy and Spain.

The STOXX Europe 600, which includes approximately 90% of the market capitalization of the European market across 17 countries, was up…

ISTANBUL: Fitch Ratings said Wednesday that it affirmed Colombia’s long-term foreign currency issuer default rating at BB+ with a stable outlook.

The agency said Colombia’s ratings reflect the country’s track record of macroeconomic and financial sta…