Nippon Steel and Sojitz to Acquire 49% Stake in Champion Iron's Canadian Project

Champion Iron, the Australian company, has announced the acquisition of a 49% stake in the Kami project in Canada from Japanese steel producer Nippon Steel and tr...

TANKER REPORT - Dardanelles and Bosphorus Straits Closed to Transit Traffic

Foreks - Due to dense fog, transit passages through the Istanbul and Çanakkale Straits, which are among the most important routes for transporting oil from the co...

FOREX NEWS SURVEY - Economists Expect TCMB to Cut Rates by 150 Basis Points This Month

Foreks - Foreks News Central Bank of the Republic of Turkey (CBRT) interest rate survey results are out. The median expectation for the Monetary Policy Committee ...

MARKET OVERVIEW - Base Metals Decline as Fed Signals Fewer Rate Cuts in 2025

Forex - Base metal prices fell after the U.S. Federal Reserve indicated it would reduce the frequency of interest rate cuts for the next year, which supported the...

PASHA Bank Launches New VDMK Issue for the Automotive Sector

Since 2020, PASHA Bank has been enhancing investor satisfaction with its alternative investment instrument, Asset-Backed Securities (ABS). This time, the bank has...

Market Overview: Iron Ore Dips to One-Month Low Amid Concerns Over Chinese Demand and Fed's Cautious Outlook

Iron ore prices have fallen to their lowest level in nearly a month, pressured by concerns over demand outlook in China and the Federal Reserve's potential intere...

Ministry of Trade: $5.2 Billion Worth of Imported Products Inspected with TAREKS

According to the Ministry of Trade, 3.6 million applications for the import of industrial products made to TAREKS in the first 11 months of 2024 were processed th...

Aegean Seafood Exporters Association/Crete: Our Fish Exports to the USA Accelerate via Air Cargo

Foreks - The Turkish Tastes TURQUALITY Project, initiated five years ago by the Aegean Exporters' Associations with the support of the Ministry of Trade, aims to ...

Car Sales in Europe Declined in November

Forex - Growth in new car sales in Europe turned negative again in November following insufficient growth in October, due to sharp declines in France and Italy an...

Doğanlar Furniture: Committed Steps Towards a Sustainable Future

Foreks - Doğanlar Mobilya Grubu (IS:DGNMO), a pioneer in the furniture sector, has published its first sustainability report. This comprehensive report transparen...

EU Continues to Pressure Apple to Make iPhone Operating System More Accessible to Competitors

The European Commission continues to pressure Apple (NASDAQ:AAPL) to open its iPhone operating system more to competitors. The Commission has instructed Apple to ...

Oil Prices Decline Amid Concerns Over Demand Following Fed's Signal of Slower Rate Cuts

Forex - Following the signal from the US Federal Reserve indicating a slowdown in interest rate cuts in 2025, oil prices have dropped. Assessments that persistent...

EU Leaders to Send 'Clear Message' to Trump on Ukraine

Forex - European Union leaders aim to send a "clear signal" of continued support for Ukraine to elected U.S. President Donald Trump at their summit today.

Durin...

Fed's Message to Slow Down Interest Rate Cuts Shakes Wall Street

Forex - The announcement by Fed Chair Powell that they will be moving more slowly and cautiously regarding future interest rate cuts shook Wall Street and led to ...

Apple in Talks with Tencent and ByteDance to Launch AI Features in China

Apple (NASDAQ:AAPL) is in discussions with Tencent and ByteDance, the owner of TikTok, to integrate artificial intelligence models into iPhones sold in China. Sou...

Mortgage Rates Rise in China for the First Time Since 2021

According to new data from research firm Data Motion International Trading Pte, Chinese banks have increased the costs of mortgage loans for the first time in thr...

El Salvador Reverses Decision to Make Bitcoin Legal Tender Amidst IMF Loan Negotiations

The government of El Salvador, led by President Nayib Bukele, has agreed to withdraw its ambitious plan to accept Bitcoin as legal tender in order to secure a $1....

TANKER REPORT - Bosphorus Strait Closed to Transit Due to Fog

Due to reduced visibility caused by fog, the Bosphorus Strait has been closed to transit traffic. According to information received, fog has occurred around the B...

Trump Opposes Spending Deal to Prevent Federal Government Shutdown

Forex - President-elect Donald Trump opposed the government funding bill backed by Republicans, aligning himself with Elon Musk's fight against the package, there...

Nippon Steel's Bid for U.S. Steel May Be Blocked by President Biden

Investing.com -- Based on a letter reviewed by sources, Nippon Steel's $14.9 billion acquisition bid for U.S. Steel did not receive approval from the U.S. Committ...

Saudi Arabia's Central Bank Cuts Interest Rate by 25 Basis Points

The Saudi Arabian Monetary Authority (SAMA) has reduced the benchmark repo and reverse repo interest rates by 25 basis points. According to the announcement from ...