Goldman Sachs

The trade relations between Türkiye and the United States have entered a new era, says Mehmet Ali Yalçındağ, chairman of the Türkiye-U.S. Business Council (TAİK).

The positive developments in political relations in the past summer and the positive signals given for the period ahead bolstered expectations that the bilateral trade will accelerate, Yalçındağ said.

Goldman Sachs expects Greek banks to show strong results in the third quarter of the year as well, following the trend of the second quarter, with further strengthening of net interest income, which will be supported by the 50-basis point increase in interest rates, to which it is estimated that the European Central Bank will have progressed in the specific period.

The sudden emergence of Stefanos Kasselakis as a contender in SYRIZA's upcoming leadership election has ignited a spectrum of reactions. Some speculate that he has been brought in from the US to infuse SYRIZA with Atlanticism, while others insinuate that he's been groomed by Goldman Sachs to undermine the Left from within.

In 50 years, the Eurozone, measured as a single economy, will be the fourth largest in the world. Germany, individually, will drop from the current fourth place in the world to fifth in 2050 and ninth in 2075. China, the United States and India will be clearly ahead of everyone else.

President Recep Tayyip Erdoğan will meet with CEOs of some of the largest American companies in September, Türkiye-U.S. Business Council (TAİK) Chair Mehmet Ali Yalçındağ has announced.

Erdoğan will attend the round table meeting with the chief executives of 25 companies on the Fortune 100 list on Sept. 20, Yalçındağ said.

The book-building process on a 15-year syndicated bond issue has attracted very strong investment demand, with bids exceeding 11 billion euros pushing the interest rate of the issue from 4.5% initially to 4.45%. 

Türkiye was widely expected today to raise interest rates to fight inflation.

The central bank is expected to change course and raise rates on Thursday after President Recep Tayyip Erdoğan appointed a former Wall Street executive to head the institution following his re-election last month.

The management teams of Greece's four systemic banks received a very positive welcome from the representatives of international institutional portfolios at the three-day European banking roadshow organized last week by Goldman Sachs in Paris, sources have indicated. 

Greece's strong performance compared to the eurozone and the upward trajectory of the country's ratings by rating agencies on the way to achieving investment grade, are the biggest catalysts for the Greek economy, as well as for the course of Greek bonds and banks.

A day before the end of the year's first quarter, the Greek stock market regained some more of the ground lost in previous days and appears to be regaining some of its January and February momentum - which for some can be attributed to Q1 window dressing.