Turkey’s inflation reaches double digits in February for first time since 2012

ANKARA – Anadolu Agency Turkey’s yearly consumer price inflation strike 10.13 percent in February, striking double digits for the first time since April 2012 and coming in higher than analysts’ expectancies, as transport and health prices increased, according to official data. Consumer prices were up 0.81 percent, when compared with January, surpassing predictions, data from the Turkish Statistics Institute (TÜİK) …

As Yellen signals rate rise uS dollar slips

The US dollar fell against a basket of major currencies on Friday after Federal Reserve Chair Janet Yellen stated that this month, increasing interest rates would be suitable provided that the market continues to improve as expected. PICTURE: BLOOMBERG [NEW YORK] The US dollar fell against a basket of major currencies on Friday after Federal Reserve Chair Janet Yellen stated …

Hazard supervisors to transfer into independent component: sources

Goldman Sachs Group Inc intends to transfer its risk management team into an unaffiliated component, individuals comfortable with the issue said, a move that’s mostly symbolic but indicates its growing significance. PICTURE: REUTERS [NEW YORK] Goldman Sachs Group Inc intends to transfer its risk management team into an unaffiliated component, individuals comfortable with the issue said, a move that’s mostly …

Sterling borders lower ahead of UK services PMI data

Sterling edged lower on Friday against the US dollar, trading only off a 6-week low ahead of an industry survey anticipated to support a slowing in the dominant services sector of Britain ahead of the start of European Union leave talks . PICTURE: AFP [LONDON] Sterling edged lower on Friday against the US dollar, trading only off a 6-week low …

Profits climb at SocGen's auto leasing arm ALD Automotive ahead of IPO

ALD Automotive, the auto leasing arm of French bank Societe Generale, reported on Friday a 21 per cent rise in its net profits this past year, as it prepares for a market flotation that could value it at more than 6 billion euros (S$8.915 billion). PICTURE: BLOOMBERG NEWS [PARIS] ALD Automotive, the auto leasing arm of French bank Societe Generale, …

New York museums wage war that is ethnic

NEW YORK – AFP Museums across New York bending the gentle power of artwork, are waging a cultural war on bias in Donald Trump’s America and photos to compound the citywide climate of demonstration. From discussions about Islamic artwork to a Muslim exhibit, expanding a kids’s exhibit and swapping Picasso and Matisse for Iraqi, Sudanese and Iranian artists, museums have …

Mehmet Aksoy returns with new show that is Istanbul

ISTANBUL An exhibition is going to be revealed through April 20 at Istanbul’s Anna Laudel Contemporary. “Esoteric Illusions in the Wind of the Hammer, the exhibit indicates the return of Aksoy’s exceptional aesthetic after five years of seclusion. The show may be thought of as a system highlight for Anna Laudel Contemporary, which started in Karaköy in the old finance …

Australian dollar rangebound, NZD near 6-week lows

The Australian dollar stood at US$0.7658, down a little 0.2 per cent. PICTURE: BLOOMBERG NEWS [SYDNEY] The Australian dollar held its own on Thursday, regardless of the greenback reaching a seven- week elsewhere confidence over international increase underpinned commodity costs and equities. The Australian dollar stood at US$0.7658, down a little 0.2 per cent. It traded in a US$0.7605/0.7731 range …

DBS CEO says wealth management to account for a fifth of bank's sales

DBS Group Holdings expects to expand its wealth management operations as Asia’s wealth grows, accounting for as much as 20 per cent of the bank’s entire income during the the next couple of years, Piyush Gupta, the CEO of Southeast Asia’s biggest bank by assets, said. PICTURE: REUTERS [SINGAPORE] DBS Group Holdings expects to expand its wealth management operations as …

Turkey Core Inflation Speed

Core Inflation Rate in Turkey rose 8.20 percent in January of 2017 over the same month in the preceding year. Core Inflation Rate in Turkey averaged 25.61 percent from 1997 until 2017, reaching an all time high of 93.70 percent in April of 1998 and a record low of 3 percent in November of 2010. Export Data API Access Please …