President Erdogan spoke at opening ceremony of the first phase of the Istanbul Finance Center, which was designed with Smart City modeling to meet all needs of the business world.
Asian shares surge as easing concerns over the banking sector revived risk appetite, while Alibaba's plans to split into six units lifted Chinese tech stocks.
The forum discussed the promising potential of Turkish-Arab financial ties and ways to capitalise on new avenues of investments in start-ups and fintech companies.
Pre-earthquake data from TurkStat shows consumer confidence index rose 4.3 percent while the index for the assessment of spending money on durable goods increased by 2.5 percent.
The year 2022 was supposed to be a comeback year after Covid crisis but Russia-Ukraine war, record inflation and climate-linked disasters only made the situation worse.
80 percent of institutional investors believe that crypto will overtake traditional investment vehicles within 10 years.
Crypto has come under scrutiny since Russia’s invasion of Ukraine for its potential as a conduit for sanctioned Russians seeking a place to park assets.
DeFi aims to revolutionise banking by allowing anyone with internet access to lend and borrow without going through a middleman. Is it the future of finance?
Finance ministers and heads of central banks of the Group of 20 nations gathered in Indonesia as the global economy struggles amid fears of war in Ukraine and uncertainty over the pandemic.
Finance Minister Nureddin Nebati says his ministry worked with Central Bank for days to study alternative scenarios and found that "even in the worst-case scenario" lira-holders will "come out better off."
Chinese Estates, which owned about 6.5 percent of Evergrande's equity capital as of September 10, sold $32 million worth of its Evergrande stake. The company is preparing to sell its entire holding.
Chinese property titan Evergrande's debt burden remains significant but it urges the market to calm down while the government is mute on the issue despite expectations that it will come forward to help the embattled firm.
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