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BIST10011,430
-2.49%
USD49.55
+0.21%
EUR55.57
-0.09%
GOLD4,162.70
+0.06%
INTEREST37.00%
-1.00
BITCOIN82,050
+0.25%
October 20, 20269°
BIST10011,430
-2.49%
USD49.55
+0.21%
EUR55.57
-0.09%
GOLD4,162.70
+0.06%
INTEREST37.00%
-1.00
BITCOIN82,050
+0.25%
October 20, 20269°

Markets & Finance

142 articles

Economy

Canada to build rail cars in a $4.7 billion shift from U.S. production
Canada will invest 4.7 billion Canadian dollars to modernize the rail system in Thunder Bay amid ongoing trade tensions with the United States. Prime Minister Mark Carney said 313 rail cars would be built by Canadian workers using Canadian-made materials.
Trump praises analysis casting Syria as an alternative to the Strait of Hormuz
U.S. President Donald Trump shared a Washington Post analysis presenting Syria as an alternative route to the Strait of Hormuz, calling it “great.” Iraq and Syria signed an agreement in Washington on July 18 to rebuild and restart operations of the oil pipeline.
Trump criticizes Carney over Canada’s economy amid trade dispute
U.S. President Trump criticized Canadian Prime Minister Carney as the trade dispute between Canada and the United States continued. While Trump argued that Canada’s economy could collapse, Carney said tariff negotiations could resume.
Trump’s Iran remarks boost global risk appetite and lift gold to $4,436
U.S. President Donald Trump’s statement that attacks against Iran may not last long, along with developments in the Middle East, boosted risk appetite in global markets on Thursday. The price of gold rose 1.1% to $4,436 per ounce, while silver gained 1.3% to $66.2 per ounce.
US expected to lead data center investment with $15.1 trillion
According to PwC’s Global Data Center Outlook 2026–2050 report, the US is expected to attract $15.1 trillion of global data center investment by 2050. Rising demand for artificial intelligence is making power generation and grid capacity decisive factors in the $31.6 trillion investment race.
Gold rose 10% in August as the U.S. Treasury increased bond purchases
Gold rose 10% in August to $4,449 an ounce, posting its fastest monthly gain in seven months. Silver also rose 15.4% over the same period to reach $66.5 an ounce.
The Netherlands moved more than a quarter of its US and Canadian gold to London
The Dutch central bank transferred around 86 tonnes of gold reserves held in the United States and Canada to London between March and August. DNB said the transfer would strengthen preparations for serious crises and also moved more than 27 tonnes of gold to Zeist in the Netherlands.
Chevron to raise its investment in Venezuela to $7 billion
Venezuela’s state-owned oil company PDVSA has signed new agreements with U.S. company Chevron and Italy’s Eni to increase oil production. Chevron announced plans to raise its investments in the country to $7 billion over five years and more than double its production capacity.
U.S. private-sector employment growth fell short of expectations in August
U.S. private-sector employment rose by 38,000 in August, falling short of the market expectation of 48,000. July's figure was revised up to 46,000, while annual wage growth reached 4.4% for employees who stayed in the same job and 7.3% for those who changed jobs.
Volkswagen supervisory board to vote on option involving closure of four plants
Volkswagen’s Supervisory Board will vote on Friday on one of three restructuring options. One option envisages closing the plants in Emden, Zwickau, Neckarsulm and Hanover between 2031 and 2034 and laying off around 50,000 employees, while employee representatives are calling for jobs to be protected.

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