The new President of the Turkish Central Bank, Hafiza Ghaya Erkan, said on Thursday that the bank will tighten monetary policy gradually and will continue to implement selective tightening measures. Speaking during a press conference in Ankara to announce the bank’s quarterly inflation report, Erkan stated that inflation will rise …

European stocks rose on Thursday as traders reacted to a slew of earnings reports in the morning and awaited the European Central Bank’s monetary policy decision after the Federal Reserve raised interest rates as expected. And by 0713 GMT, the European STOXX 600 index rose 0.4 percent, after Asian stocks …

Gold prices rose to a one-week high on Thursday, supported by a slight decline in the dollar, as investors weighed somewhat measured comments from Federal Reserve Chairman Jerome Powell following a widely expected interest rate hike. Spot gold rose 0.3 percent to $1,977.13 an ounce by 0352 GMT, after earlier …

The dollar fell on Thursday after the Federal Reserve made what some predicted would be its last rate hike, with market focus shifting to the European Central Bank’s interest rate decision later in the day. The Fed on Wednesday raised interest rates by a quarter of a percentage point as …

Oil prices rose 1 percent on Thursday, to compensate for the losses of the previous session, after overshadowing concerns about the economic slowdown, and expectations of an increase in Chinese demand. And by 0522 GMT, Brent crude futures rose 72 cents, or 0.9 percent, to $ 83.64 a barrel. US …

In a letter to investors on Wednesday, Barclays analysts expressed their concern that Apple’s forecast for the September quarter would fall short of market expectations. Despite the likely miss, the analysts said it’s not obvious that it matters for the stock because “bulls may expect a stronger Dec-Q.” They rate …

An Australian court has ordered Meta Platforms, owner of Facebook, to pay fines a total of A$20 million ($14 million) for harvesting user data through a smartphone app that was promoted as a way to protect privacy without disclosing its actions. The Australian Federal Court also ordered Mita to pay …

Gold rose, but its movements remained within a narrow range on Wednesday, as dealers held back from big bets ahead of the US Federal Reserve’s policy decision later in the day. Spot gold rose 0.3 percent to $1,969.51 an ounce by 0747 GMT. US gold futures rose 0.4 percent to …

The Japanese Nikkei index fell slightly on Wednesday, July 26, under pressure from the decline in stocks of auto and tire makers, while investors engaged in selling to take profits ahead of the monetary policy meeting of the Central Bank of Japan, which lasts for two days this week. The …

Oil prices fell on Wednesday, retreating from their highest levels in three months the day before, after industry data showed a rise in US crude stocks, but signs of shrinking global supplies and hopes for a stimulus in China limited losses. Brent crude futures fell 32 cents, or 0.4 percent, …