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October 20, 20268°
BIST10011,631
+1.76%
USD49.55
+0.21%
EUR55.57
-0.09%
GOLD4,142.20
-0.43%
INTEREST37.00%
-1.00
BITCOIN81,410
-0.53%
October 20, 20268°

Markets & Finance

142 articles

Economy

Şişecam establishes US company to expand sales
Şişecam has established a wholly owned company to expand its sales and marketing operations in the United States. The incorporation of Sisecam USA Trading Corporation was completed on August 13, 2026, with capital set at $100,000.
Colombia's president asks Trump to suspend high tariffs after earthquake
Colombian President Abelardo de la Espriella asked U.S. President Donald Trump on Saturday to temporarily suspend the high tariffs imposed after the earthquake. The death toll from the magnitude 7.4 earthquake has risen to 294.
NATO’s $50 billion-plus procurement plan opens opportunities for Ankara industry
An ASO report outlines the opportunities that the procurement planning worth more than $50 billion, announced at the NATO summit, could create for Ankara’s industrial sector. The report says that sectors beyond defense can also join new procurement networks through their production capacity and technical capabilities.
Consortium including Jeff Bezos acquires minority stake in Liverpool
An investment consortium that includes Amazon founder Jeff Bezos has acquired a minority stake in Liverpool from the club’s owner, Fenway Sports Group. Fenway Sports Group will retain its majority stake and operational control of the club, while the investors will support its sporting and commercial ambitions.
Regular gasoline in the US rises above $4 per gallon
The national average price of regular gasoline in the US rose to $4.006 per gallon as of August 10. While annual consumer inflation stood at 3.4% in July, fuel prices increased 24.6% from the same month last year.
Bimbo QSR prepares to build a new production facility in Türkiye
Bimbo QSR is preparing to invest in a new production facility in the Food Specialized Organized Industrial Zone in Kandıra, Kocaeli. The scope of production and export plans for the investment have not yet been announced.
CUSMA collapse could cost Canada 102,000 jobs
As trade talks between Canada and the United States continue, an analysis estimates that a complete collapse of CUSMA could mean 102,000 fewer jobs in Canada and 214,000 fewer in the United States in 2027. Ontario and Quebec, along with the automotive, metals, machinery, electronics and chemicals sectors, are among the areas that could be most affected.
Bershka opens its first physical U.S. store in Miami
Bershka, Inditex’s brand focused on young consumers, has opened its first physical store in the United States at Aventura Mall in Miami, following its online operations in the country. The new store offers online order pickup, returns and assisted self-checkout solutions.
Fitch affirms the United States’ credit rating and flags rising debt
Fitch Ratings projects that U.S. public debt will reach 123% of GDP by the end of 2028. The agency expects the budget deficit to remain at 7.4% of GDP in 2026 and 2027 while affirming the United States’ credit rating at AA+.
Vance says low oil and gas prices come first, Iran’s nuclear arms second
U.S. Vice President JD Vance said Friday that keeping oil and gas prices low for Americans was the top priority during the war. He identified preventing Iran from acquiring nuclear weapons as the second priority and said oil prices remained well below the peaks reached in the first days of the conflict.

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