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US mortgage applications fall with rates around 7%

ISTANBUL: US mortgage applications fell last week, as mortgage rates remained around 7%, according to a Mortgage Bankers Association (MBA) report released Wednesday.

The market composite index, a measure of mortgage loan application volume, was down …

Russia’s annual inflation accelerates to 16-month high

ANKARA: The annual consumer inflation rate in Russia accelerated for the sixth consecutive month in June, hitting its highest level since Feb. 2023, according to data released on Wednesday.

Consumer prices increased 8.59% year-on-year in June, follow…

OPEC daily crude output falls by 0.3% in June

ANKARA: Crude oil production from the Organization of Petroleum Exporting Countries (OPEC) decreased by 0.3%, or by 80,000 barrels per day (bpd), in June to average 26.57 million bpd, according to OPEC’s monthly oil market report released on Wednesday…