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Global gold demand down in Q2

ISTANBUL: The demand for gold excluding the over-the-counter market declined 6% year-on-year in the second quarter of the year to 929 tons, according to the World Gold Council on Tuesday.

Gold prices were at an average of $2,338 per ounce in the seco…

Turkish bank profits hike 24% in 1st half

ANKARA: The net profits of Turkish banks jumped 24% year-on-year in the first six months of 2024, according banking watchdog data released on Tuesday.

The sector posted a 314 billion liras ($9.6 billion) net profit in January-June, up from 252.5 bill…

Gazprom sees $5.6B loss in 1st half of this year

MOSCOW: Russian energy giant Gazprom saw a loss of 480.6 billion rubles ($5.6 billion) in the first half of this year, according to its financial results statement released Tuesday.

The company’s revenue, on the other hand, rose 6.7% to 2.9 trillion …