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Moody’s upgrades ratings of 17 Turkish banks

ISTANBUL: Moody’s said it upgraded the local and foreign-currency long-term deposit, issuer, and senior unsecured ratings of 17 Turkish banks, while their outlooks remain positive.

The move is a result of the improvement of their operating environmen…

Oil up as US inventories signal strong demand

ISTANBUL: Oil prices increased on Wednesday over strong demand expectations following data indicating a decrease in crude inventories in the US, the world’s biggest oil consumer.

International benchmark Brent crude traded at $81.31 per barrel at 10.1…

Trkiye’s BIST 100 closes midweek looking down

ANKARA: -Trkiye’s benchmark stock index ended Wednesday at 10,991.57 points, down 0.88% from the previous close.

Extending its loss to a second session, Borsa Istanbul’s BIST 100 fell 97.96 points with a daily trading volume of 101 billion Turkish li…