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The consumer confidence index in Turkey in November for the first time in 4 months showed an increase. According to the Turkish Statistical Institute, its value increased to 59.6 points compared to the lowest since December 2008 level of 57.3 points in October. Growth was shown by such indicators as financial and economic expectations of households for the next year and an indicator of the probability of conservation. However, Turkish households expect an increase in the number of unemployed in the next 12 months. Inflation in the country reached 25.4%. At the same time, in August and September, a current account surplus was recorded in Turkey, and in October there was an increase in home sales for the first time in 3 months.
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
On Monday, Remington Arms Co. filed for bankruptcy protection for the second time since 2018 as the U.S. firearms manufacturer faced financial difficulties due to gun sales restrictions. According to the court filing, the company filed for ...
On Wednesday, Tesla Inc. (TSLA.O) posted its second-quarter profit worth $104 Million from April to June despite shutting down its electric vehicle factory in Fremont, California for roughly seven weeks due to the coronavirus pandemic. Tesla ...
The Dollar traded lower earlier on Thursday in European markets after new hope of an economic recovery in Europe bolstered sentiment. The Dollar index fell by 0.1% to 954.808 at 3:10 AM ET (0710 GMT), gaining only slightly from the four-month ...
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