Human brain is not more efficient than other mammals' brains

Brain scans of more than 100 mammalian species, including humans, reveal that the efficiency of information transfer in the brain is the same in all mammals, regardless of size. ... Devamı

American and European stock markets

On the first trading day of August, US indices were led by technology stocks. Nasdaq companies. ... Devamı

We expect a horizontal opening in the BİST100 index.

Increased coronavirus incidents in the United States of America continue to create unease in global markets ... Devamı

China is sending the Covid-19 expert team of 60 people to Hong Kong

It was reported that seven members of the expert group formed by the main part of China to support Hong Kong's battle against the Covid-19 outbreak arrived in the city in the afternoon. ... Devamı

Chinese internet companies' revenue in 6 months reached $ 85 billion

The research and development expenditures for the sector showed only 31.3 billion yuan in the first six months, an increase of 10.7% over the same period in the previous year. ... Devamı

Although annual inflation decreases, cost factors pose a risk

Consumer prices in Turkey increased by 0.58% in July, while the annual inflation was realized as 11.8%. Economists’ participating in the Bloomberg survey and our expectation were to achieve a monthly inflation of 0.8% and 12% annually. ... Devamı

Children may carry 100 times as much virus as adults

A new study out this week found that children may carry far more viral material in their nose and throat than adults. ... Devamı

Everyone can prepare yeast food at home

By designing and producing technologies that will make life easier for individuals, Westelle will fulfill the expectations of everyone who wants to prepare yeast food or create the perfect conditions for fermentation with the new generation of Maya refrigerator. ... Devamı

The French company Essilor and the Chinese company Tencent are cooperating for eye health

Essilor, the eyewear manufacturer in France, started a three-year strategic partnership with Chinese Internet giant Tencent. ... Devamı

China prepares to cut business costs

China prepares to cut business costs ... Devamı

American and European stock markets

On the last trading day of the week, there was an extensive economic calendar on both the European and American sides. ... Devamı

American and European stock markets

After the positive close in the US indicators yesterday, a downward trend in the indicators was noted today due to weak economic data. European indices ended the day with a loss. In the US indices, the Dow Jones and S&P ended the day negative, despite the bullish trend after the opening. ... Devamı

China calls on the United States to lift the sanctions imposed on Syria

The Permanent Representative of China to the United Nations, Jang Joon, urged the United States of America to lift unilateral sanctions against Syria immediately. ... Devamı

Today's Markets - Economic Developments

Q2 GDP claims and unemployment will be announced in the USA. ... Devamı

Fed reaffirms its commitment to "do whatever it takes"

Fed did not change its stance, extended its liquidity operations, emphasized that it would continue easy monetary policy, and revealed that it was not at a stage to evaluate tightening. As expected, there is a timid Fed and the stance on maintaining the continuity of the support provided to the economy is continued as being necessary. ... Devamı

An upward revision in inflation forecasts obscures the next policy step

At the 3rd Inflation Report meeting of the year, the CBRT increased its year-end inflation expectations from 7.4% to 8.9%. In the forecast revision of the Central Bank, the main basis is rising oil and food prices, but it also indicates that inflation will remain above the policy rate in the current conditions. Inflation expectations for 2021 have been updated from 5.4% to 6.2%. Food inflation expectation was revised from 9.5% to 10.5% compared to the previous estimate for 2020. The Central Bank has also increased its average oil price forecast from 32.6 USD to 41.6 USD after the price developments since the previous reporting period. ... Devamı

The American Press: Worsening relations with China hit many areas in the United States

The American Press: Worsening relations with China hit many areas in the United States ... Devamı

What to expect from the CBRT Inflation Report meeting?

The CBRT will announce the 3rd Inflation Report of the year tomorrow. The details that will be released from the report will be important in terms of messages and revisions that are likely to contain. ... Devamı

Normalization steps from BRSA in terms of swap and TRY access

The BRSA made a statement regarding the limits on TRY transactions with overseas residents. According to this ... Devamı

An AG600 amphibian aircraft developed by China took its first flight

China has independently developed a large AG600 amphibian aircraft on its first cruise on the sea in Chingado, Shandong Province. ... Devamı

Phase-3 clinical studies of the Covid-19 vaccine are starting in the USA.

Covid-19c, developed by biotechnology organizations Moderna and a part of the National Institute of Allergy and Infectious Diseases and National Institutes of Health.. ... Devamı

Airbus to end WTO dispute

Airbus takes final step to end long-standing WTO dispute and U.S. tariffs ... Devamı

Industrial indicators show that recovery continues

According to the real sector confidence index and capacity utilization rate data released by the Central Bank in July, the recovery effects from the bottom continue. ... Devamı

CBRT seems to have come to the end of interest rate cuts

In line with the expectations of the market, the Central Bank kept the policy rate constant at 8.25% and continued to halt interest rate cuts after the June meeting. ... Devamı

About the CBRT RR regulation

The Central Bank increased the required reserve ratios in foreign currency by 300 basis points in all liabilities and maturity tranches for all banks. ... Devamı

Welcome to Darüşşafaka Tekfen, Grant Jerrett

We are pleased to announce that we have strengthened our roster by signing a 2 year (with 1 season optional) contract with Grant Jerrett. ... Devamı

No change from ECB, the eyes at the EU Summit

The European Central Bank (ECB) announced that it will continue the Pandemic Emergency Purchasing Program (PEPP) amounting to EUR 1.35 billion, while not changing interest rates as expected at the July meeting. In the bank's policy statement, it was stated that PEPP helped to balance downward pressures in relation to the pandemic in the expected inflation path. ... Devamı

Budget posts a deficit of 19.4 billion TRY in June

According to the June budget data announced by the Ministry of Treasury and Finance; Budget balance, which had a deficit of 17.3 billion TRY in May 2020, had a deficit of 19.4 billion TRY in June 2020. The budget had a deficit of 12.1 billion TRY in the same period of the previous year. ... Devamı

China starts to grow again in 2Q20

China reported that the country's GDP grew 3.2% year-on-year in the second quarter of this year, surpassing analysts' expectations compared to the previous year and backing from the contraction of the first quarter. ... Devamı

US inflation rises with monthly spending, demand expected to remain weak

While the headline CPI increased by 0.6% on a monthly and annual basis in June in the USA, core CPI increased by 0.2% on a monthly basis. Core inflation, which excludes food and energy, remains at annually 1.2%. ... Devamı

ECB decisions and EU Leaders Summit

The European Central Bank (ECB) will hold the July meeting on Thursday (July 16th), which is not expected to change interest rates. ... Devamı

I/P shows Covid effect for annual data, low base effect for monthly data

Turkey’s May working day adjusted industrial production, contracted by 19.9% compared to the same month of the previous year. ... Devamı

Uncertainties persist in the balance of payments view

In May, the current account balance in Turkey, gave 3.8 billion USD deficit. ... Devamı

Unemployment rate remains low thanks to labor market measures

In April, the unemployment rate in Turkey was realized as 12.8% compared to same month last year’s 13%. ... Devamı

Inflation outlook increases the upward risks

Consumer prices in Turkey showed an increase of 1.13% in June, while the annual inflation was realized as 12.6%. Economists participating in the Bloomberg survey and our expectation were to achieve a monthly inflation rate of 0.6% and 12% annually. In this regard, we see that the data is higher than the generally high expectations. ... Devamı

The foreign trade deficit at 2.84 billion USD in June

According to the leading June foreign trade data announced by the Ministry of Commerce within the scope of GTS (general trade system); Compared to the same month of the previous year, exports increased by 15.77% to 13.47 billion USD, while imports decreased by 8.24% in the same period to 16.31 billion USD. In this context, foreign trade deficit decreased by 17.31% in June period and became 2.84 billion USD. ... Devamı

Conditional and periodic effects increase the inflation risk

Turkey’s June inflation figures will be released on Friday. Our expectation is that, monthly inflation and annual inflation will be 0.6% and 12% respectively, in June. ... Devamı

Employment growth depends on the continuation of the economic recovery

Following the report indicating an increase of 2.5 million jobs in the US in May, an increase of 3 million people is expected in the non-farm payrolls report to be announced tomorrow. ... Devamı

Foreign trade balance gives a deficit of 3.42 billion USD in May

According to the GTS (General trade system) foreign trade data of May announced by TURKSTAT in cooperation with the Ministry of Trade; Turkey's exports in May of 2020, indicates a decrease of 40.9% compared to the same period of the previous year to 9.97 billion USD, while imports decreased by 27.8% in the same period amounted to 13.39 billion USD. ... Devamı

Fed announces bank stress test results

In the light of the bank stress test results announced on Thursday evening, the Fed asked banks to limit their dividend payments until 4Q20 and not to buy back shares. ... Devamı

CBRT evaluates the risks of inflation and capital movements

Despite the market's 25 basis points interest rate cut expectations, the Central Bank has suspended the interest rate cut that it has maintained since July 2019, keeping the policy rate constant at 8%. ... Devamı

Industry leading indicators reflect the recovery from bottom

In the real sector confidence index and capacity utilization rate data announced by the Central Bank in June, the recovery effects from the bottom continue to increase compared to the previous month. ... Devamı

Recovery from the bottom? Sustainability?

PMI data from Europe points to a more positive outlook than expected, and the first effects that came with economic openings showed that recovery is continuing. (Tera Yatırım) ... Devamı

CBRT revises the reserve requirement regulation

“To provide banks with flexibility in meeting the loan demand specific to this period, the CBRT has decided to temporarily (until the year end) suspend the enforcement of the rule of having adjusted real loan growth rate below 15% for the banks with a real annual loan growth rate above 15% in order to be able to benefit from reserve requirement incentives.” ... Devamı

CBRT Survey of Expectations: The year-end inflation expectation at 9.54%

In the CBRT June Expectation Survey, market participants' current year-end inflation expectation was 9.54%. ... Devamı

The necessity of “cautious” dovish stance in monetary policies

Powell did not make any changes to his picture of the economy in his semi annual presentation before the Senate, and he continued his rhetoric at the last Fed meeting. ... Devamı

Fed stimulus moves and Powell statements

Fed made two important statements within the scope of ongoing stimulus moves. ... Devamı

Extending economic stimulus to affect the budget deficit

According to the May budget data announced by the Ministry of Treasury and Finance; Budget balance, which had a deficit of 43.2 billion TRY in April 2020, had a deficit of 17.3 billion TRY in May 2020. ... Devamı

I/P collapse with Covid conditions in April

Turkey’s April working day adjusted industrial production, contracted by 31.4% compared to the same month of the previous year. ... Devamı

Covid effects expected to be a fragility factor for current account balance

In April, the current account balance in Turkey, gave USD 5.1 billion deficit. ... Devamı

Fed's open-ended strategy in monetary expansion to continue for a long time

We have left behind the Fed statements everyone expected. The policy statement does not reveal a positive picture of the economy, as expected, and this is also reflected in the expectations of FOMC members. ... Devamı

Insufficiency of narrow unemployment definition

In March, the unemployment rate in Turkey was realized as 13.2% compared to same month last year’s 14.1%. ... Devamı

May payrolls report surprises

Payrolls in the USA, which is expected to decrease by 8 million in May, increased by 2.5 million while unemployment, which is expected to increase to 19.7%, decreased to 13.3%. ... Devamı

ECB expected to expand asset purchases

The European Central Bank (ECB) will hold its June meeting tomorrow, where it will also update its economic forecasts. ... Devamı

Inflation risks seem balanced

May inflation in Turkey, will be announced on Wednesday. Our expectation is that, monthly inflation and annual inflation will be 0.9% and 10.9% respectively, in May ... Devamı

Manufacturing recovers from bottom in May, still in contraction position

According to the data announced by Istanbul Chamber of Industry (ISO) and IHS Markit; manufacturing PMI which was at 33.4 in April with recession-induced effects related to Covid-19 in the economy, stood at 40.9 in May, with some recovery from the bottom. ... Devamı

About BRSA asset ratio revision

The BRSA went to revision in terms of the asset ratio criterion applicable to banks at the weekend. First of all, if we share the current version of the formula; ... Devamı

Pandemic effects seem to effective for a long time

In the first quarter, where the leading effects of the coronavirus pandemic were observed, the US economy shrank by 5% on an annualized basis. ... Devamı

Turkey – Qatar swap deal and other possible deals

CBRT increased the current swap deal with Qatar CB to 15 billion USD equilavent. The 5 billion USD swap deal between the two central banks in 2018 was thus extended by another 10 billion USD. ... Devamı

Fujitsu Offers Free Access to Intellectual Property Rights to Support Fight Against COVID-19

Fujitsu Limited today announced that as part of its ongoing efforts to mitigate the social and economic impacts of the COVID-19 pandemic, it will commit to the "Open COVID Pledge," which promotes free access to participants' intellectual property rights for activities aimed at ending the global spread of the disease. ... Devamı

Low tax revenues and economic stimulus weigh on budget due to pandemic effect

According to the April budget data announced by the Ministry of Treasury and Finance; Budget balance, which had a deficit of 43.7 billion TRY in March 2020, had a deficit of 43.2 billion TRY in April 2020. ... Devamı

Inflation as an equation with multiple variables

Turkey’s consumer prices had increased 0.85% in April, while annual inflation was realized as 10.9%. While the forecast median of the economists participating in the Bloomberg survey was 0.6%, the forecast range was between 0.2% and 1.4%. For inflation equation, we see that negative and positive factors coexist. ... Devamı

CBRT expectations, BRSA's asset ratio step and FX swap issue

The decision of the asset ratio made by the BRSA over the weekend is aimed at ensuring that private banks give more loans. ... Devamı

About the BRSA swap move

The Banking Regulation and Supervision Agency limited the transaction amount to 1% of the bank's calculated equity in swaps, futures, options and derivative transactions made by foreigners from Turkish banks. ... Devamı

Number of COVID-19 deaths in Turkey reaches 1006

Turkey's Minister of Health Fahrettin Koca announced the latest statistics regarding the COVID-19 pandemic at a press briefing this Friday. ... Devamı

Fed's new stimulus steps

The Federal Reserve announced a series of stimulus measures of up to 2.3 trillion USD to provide financing support to SMEs and local governments suffering from coronavirus pandemics. ... Devamı

IMF considers new funding opportunity to solve the USD liquidity crisis

In coordination with the Fed and the US Treasury, the IMF is preparing to open a new swap funding window to support countries that are experiencing difficulties with USD funding. ... Devamı

Turkey’s inflation cools down in March due to lower demand and oil prices

Turkey’s Inflation, which rose 12.4% yoy in February, fell to 11.9% in March. (Tera Menkul ) ... Devamı

Mixed effects expected for Turkish inflation

Turkey’s March inflation figures will be released on Friday and our inflation forecast is 0.9% on a monthly basis, which will cause an increase of 12.2% on an annual basis. ... Devamı

Recession effect will be felt more after March due to coronavirus

According to the data announced by Istanbul Chamber of Industry (ISO) and IHS Markit; Turkey’s manufacturing PMI has decreased below the threshold of 50 moderate decline in March and reached the level of 48.1, from February’s index value of 52.4. ... Devamı

PMI falls to 48.1 due to COVID-19 outbreak

The latest PMI® survey data from Istanbul Chamber of Industry and IHS Markit highlighted the impact of the coronavirus disease 2019 (COVID-19) pandemic on business conditions for Turkish manufacturers at the end of the first quarter. Output and new orders both softened, while firms scaled back purchasing activity. On a positive note, employment continued to increase ... Devamı

Fed starts repo operations for foreign countries

The new step of the Fed opens a new repo facility to the foreign central banks in order for the financial market to function smoothly. ... Devamı

Coronavirus can live on surfaces for up to 72 hours

According to the new Coronavirus (COVID-19) report published in the New England Journal of Medicine, the SARS-CoV-2 virus causing COVID-19 disease can live on surfaces from a few hours up to a few days. ... Devamı

Барселонский клуб снижает заработную плату

Barcelona Club решил понизить зарплату всем звездам футбола и работникам клуба во время карантина в стране. ... Devamı

US and Germany economic stimulus packages

In order to minimize the economic damage effect of the Covid-19 pandemic, the packages are passed through the assemblies.(Tera Menkul) ... Devamı

The first reflections on industry leading indicators

In this period, while the manufacturing industry capacity utilization rate decreased by 0.7 points, it was 75.3%; seasonally adjusted CUR fell to 76.2%. ... Devamı

Deaths due to COVID-19 reach 21 at Turkey

Turkey’s Health Minister Fahrettin Koca announced on his Twitter this Saturday that 12 died in one day due to the deadly virus, making Turkey’s total virus deaths 21. ... Devamı

Turkish Government hands out Arabic self-protection brochures against the Coronavirus

Turkey’s Directorate of Communications, a communications division under the Turkish Presidency, is handing out pamphlets in Arabic that gives information on how to avoid the Coronavirus (COVID-19) Turkey is running active prevention and briefing operations against the spread of the virus outside of her borders. ... Devamı

Central banks coordinate to ease USD liquidity tightness via swap

Central banks will also continue their 84-day maturity transactions per week ... Devamı

Turkey announces second death and 93 new cases due to COVID-19

Minister Koca’s twitter post: ... Devamı

Turkey’s Minister of Health, Fahrettin Koca announced Turkey’s first death due to Coronavirus.

Koca added that 51 more people tested positive for the virus, bringing the total number of infected to 98. ... Devamı

Emirates Airlines suspends flights to 37 destinations

Emirates Airlines announced this Tuesday that it has suspended flights to 37 of its destinations world-wide. ... Devamı

German automaker Volkswagen says it is shutting down

CEO Herbert Diess made the announcement at the company's annual news conference. ... Devamı

Turkey increases the number of countries with travel ban to 20

Turkey’s Health Minister Dr. Fahrettin Koca has announced the new measures taken by the Turkish government in order to combat the Coronavirus (Covid-19) pandemic. ... Devamı

2020 British Kebab Awards Winners revealed

The full list of winners and runners-up:Just Eat Best Delivery  ... Devamı

Trabzonspor and Sturridge mutually terminate contract

Turkey’s Trabzonspor and Former Liverpool and England striker Daniel Andre Sturridge have mutually agreed to a contract termination. ... Devamı

Turkey Manufacturing PMI rose to 52.4 in February

The latest PMI survey data from Istanbul Chamber of Industry and IHS Markit pointed to a strong performance by Turkish manufacturers in February. ... Devamı

Passengers with invisible disabilities will be served at Heydar Aliyev International Airport as priority

Heydar Aliyev International Airport is the first in the post-Soviet space to offer special assistance to passengers with so-called "invisible" or "hidden" disabilities. “Hidden disabilities” can include dementia, Alzheimer's disease, ... Devamı

Council of Higher Education of Turkey recognizes Baku Higher Oil School

The Council of Higher Education of Turkey (YÖK) has recognized Baku Higher Oil School (BHOS) as a higher education institution meeting high standards. Thus, the request sent by BHOS received positive feedback from the Council of Higher ... Devamı

Azeri Light crude exceeds $60

Azerbaijani oil price has increased on the world markets. The price of a barrel of Azeri Light crude oil rose $0.91 to stand at ... Devamı

ICI Turkey export climate index rises to 50.3 at end of 2019

Export conditions for Turkish manufacturers improved at the end of 2019, and to a greater extent than in November. Exporters were aided by a return to growth of business activity in Germany, but other key markets showed continued signs of ... Devamı

Manufacturing new orders rise solidly again in Istanbul

The Istanbul manufacturing sector remained well inside growth territory at the end of 2019, with solid increases in output, new orders and employment recorded. Meanwhile, the rate of input cost inflation continued to ease and was the ... Devamı

IMF: Stimulus-driven growth created large imbalances in the Turkish economy.

Istanbul, December 29 - The International Monetary Fund (IMF) Executive Directors, noted that stimulus-driven growth in previous years had contributed to large economic imbalances in the Turkish economy, according to the statement on the ... Devamı

Turkey unveils its national electric car

Turkey unveils its national electric car Turkish President Recep Tayyip Erdogan on Friday unveiled prototypes of a domestically produced electric car, putting him closer to fulfilling a long-held dream of building Turkey's first ... Devamı

SEC investigating listings of Slack, other firms - report

The United States Securities and Exchange Commission (SEC) is probing the listings of several companies that went public over the past few years, including Slack Technologies Inc, the Wall Street Journal reported on Friday citing sources ... Devamı

Palladium drops almost 5.0 percent

The price of palladium was down over 4.5 percent, after the United Kingdom's Parliament approved the Withdrawal Agreement, and the United States and China reached the "phase one" trade agreement. An ounce of the precious ... Devamı

The Ifo business climate index in Germany rose to 96.3 in December

The Ifo Business Climate Index in Germany rose to 96.3 in December 2019 from a revised 95.1 in the previous month, easily beating market expectations of 95.5. That was the highest reading since June, boosted by an improvement in ... Devamı

PSA, FCA sign $50B merger

Peugeot manufacturer PSA Group and Fiat Chrysler Automobiles (FCA) signed on Wednesday their 50 billion dollars merger of equals. With the merger, the new company under PSA and FCA dubbed as the world's fourth largest car ... Devamı

President Erdoğan: We will close İncirlik and Kürecik bases if necessary

“Any decision to close the İncirlik base belongs to us. When the time comes, we will sit together with all our delegations and talk this issue and if necessary, we will close İncirlik and Kürecik as well” Turkish ... Devamı

Corbyn: Election taken over by Brexit

London, December 13 - Thursday's general election in the United Kingdom was "taken over by Brexit," Labour Leader Jeremy Corbyn said on Friday as he commented on his party losing 60 seats compared to the 2017 ... Devamı