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US Treasury Secretary Scott Bessent stated that trade talks with China were productive and that they had made significant progress in the talks.
US President Donald Trump stated that “Prescription drug and pharmaceutical prices will be reduced by 30% to 80% almost immediately.”
US President Donald Trump announced that trade talks with China in Switzerland went very well and that great progress had been made.
Bond investors are beginning to accept the Fed’s message that it is in no hurry to cut interest rates.
Oil prices remained flat as investors awaited more details about the trade talks.
Japan is considering increasing corn imports in trade talks with the US.
At a time when trade wars are flaring up again, Beijing’s huge US bond portfolio is back on the agenda.
Leading Turkish bankers evaluated current issues at the ‘Financial Transformation in an Age of Uncertainty’ session held at the Boğaziçi University Finance Summit.
Türkiye’s automotive production decreased by 2 percent in the first four months of the year compared to the same period last year, falling to 464,290 units, while total automotive exports increased by 5 percent, reaching 12.5 billion dollars.
The Economic Coordination Board (EKK) convened under the chairmanship of Vice President Cevdet Yılmaz.
BYD Turkey General Manager İsmail Ergun stated that interest in the brand continues to increase worldwide and said, “We can easily say that the interest and growth rate in Türkiye is well above the European average. Turkey has become one of the strategically important markets that makes a significant contribution to BYD’s growth in Europe.”
According to the regulation published in the Official Gazette, the standard ratio of interest rate risk arising from consolidated and non-consolidated banking accounts cannot exceed 15 percent.
