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The Turkish Statistical Institute reported that inflation in September reached a 15-year maximum level of 24.52%, it means that the interest rates will soon be risen to curb price increases. Experts had predicted a rise in consumer prices by 21.1%. Relative to the previous month, consumer prices increased by 6.3%, showing the most significant pace since April 2001. Prices, excluding the cost of food, energy and gold, grew at an annual rate of 24.05% after a rise of 17.2% in August. Food prices rose by 27.7%, energy - by 27.03%. As the Minister of Finance of Turkey Berat Albayrak said, next week they will announce further measures to combat inflation.
The dollar sat near two-year lows on Wednesday as the United States struggled to control the coronavirus outbreak, breaking hopes for a fast economic recovery. The gloomy outlook for the U.S. economy is expected to urge the Federal Reserve ...
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
Renault SA (RENA.PA) announced on Monday that its global car sales fell by 34.9% in the first half of the year due to the impact of the coronavirus pandemic. However, the company said that it had seen some signs of recovery in June. The French ...
European new car registrations fell in June year-on-year, but showed some improvement when compared to May 2020 as lockdown measures continue to loosen across the region, Tuesday’s industry data showed. In June, passenger car sales were ...
Gold traded lower earlier on Thursday in Asia but still remained above the $1,800 mark for three consecutive days. Gold futures lost 0.04% to $1,819.95 per ounce at 10:22 PM ET (3:22 AM GMT), with the yellow metal holding on to gains from ...
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