Citigroup intends to leave mortgage servicing by end of next year

Citigroup Inc intends to leave the mortgage-servicing company by the end of 2018 to concentrate on loan origination. PICTURE: BLOOMBERG [NEW YORK] Citigroup Inc intends to leave the mortgage-servicing company by the end of 2018 to concentrate on loan origination. The organization reached an agreement to sell the servicing rights on loans with US$97 billion of outstanding balances to New …

Euro hits on 11-day low after inflation data that is German miss

The euro fell to an 11-day low against the US dollar on Monday after German inflation data came in somewhat poorer than anticipated, which took some pressure off the European Central Bank to wind down its stimulation programme. PICTURE: REUTERS [LONDON] The euro fell to an 11-day low against the US dollar on Monday after German inflation data came in …

Turkey Economic Confidence Index

The economic confidence index in Turkey fell to 85.7 in January of 2017 from an upwardly revised 89.2 in December 2016. It was the lowest reading since November, as most of sub-indices revealed a decline: actual sector trust (-3 percent from the previous month to 100.5), services trust (-6.2 percent to 87.5). Building trust (-1.7 percent to 74.8), and retail …

Turkey | Credit Rating

S&P Moody’s Fitch TERating B+ Secure B1 Secure 35 BBB- Secure BBB Secure 65 B Negative B1 Negative B Negative 41 B- Secure B3 Secure B Secure 15 B1 Secure B+ Secure 43 BBB+ Positive BBB- Secure 63 AAA Negative Aaa Secure AAA Secure 97 AA+ Secure Aa1 Negative AA+ Secure 96 BB+ Negative Ba1 Negative BB+ Negative 55 BB+ …

Roasted in Red Rooster Year?

Aylin Öney Tan – [e-mail protected] The fire keeps burning. Last year was the turn of the Red Fire Monkey it’s the turn of the Red Fire Rooster. Based on Chinese astrology, the zodiac cycle consists of 12 creatures each year, taking their turn. But it’s in addition the five elements – water, fire, earth, metal and wood – that …

Turkey Financial Cost

Financial Cost in Turkey rose from 52367849 TRY THO in November of 2016 to 71910075 TRY THO in December. Financial Cost in Turkey averaged 34885865.26 TRY THO from 2004 until 2016, reaching an all time high of 144562290 TRY THO in December of 2005 and a record low of 11186669 TRY THO in January of 2005. Export Data API Access …

Turkey Steel Production

Steel Production in Turkey fell to 2837.91 Thousand Tonnes in December from 2912.35 Thousand Tonnes in November of 2016. Steel Production in Turkey averaged 1373.84 Thousand Tonnes from 1980 until 2016, reaching an all time high of 3139 Thousand Tonnes in July of 2012 and a record low of 152 Thousand Tonnes in July of 1980. Export Data API Access …

The US dollar is haunting and impeding additional increases

A new dynamic entered the US$5.1 trillion money marketplace in recent days, as rising US Treasury yields neglected to entice foreign investors in the last four months. PICTURE: BLOOMBERG [TOKYO] Call it the specter of US government past. A new dynamic entered the US$5.1 trillion money marketplace in recent days, as rising US Treasury yields neglected to entice foreign investors …

Singapore bond prices reach new highs

Costs of Singapore dollar bonds continue to grow, reaching new highs, powered by too little supply. PICTURE: SPH COSTS of Singapore dollar bonds continue to grow, reaching new highs, powered by too little supply. “There is not enough supply to soak up liquidity,” said Clifford Lee, DBS Bank head of fixed income, on Friday. The Markit iBoxx Singapore corporates yield …

Galatasaray ruins Israel’s Maccabi Tel Aviv 102-63 in Eurolegue

ISTANBUL Galatasaray Odeabank stopped its historic five-match winless stint in the Turkish Airlines Euroleague against Maccabi Tel Aviv in emphatic style on Jan. 24 by pulling away to a 102-63 success at home in Abdi İpekçi Arena. The result leaves both teams with 6-13 records, but Galatasaray additionally won the tiebreak between them as Maccabi won their previous match by …