Goldman Sachs

Τhe work to tame inflation in Turkey - namely through interest rate hikes - will continue "with determination," the country's new central bank chief said Thursday, offering some certainty about efforts to right the battered economy following his precedessor's surprise resignation.

After the unlikely choice of an ex-Goldman Sachs banker to lead SYRIZA, the party is considering another revamp of its image, officially moving from the radical-left to the center-left.

Stefanos Kasselakis, the leader of Greece's main leftist opposition, on Friday laid a wreath at the memorial on the grounds of the former Military Police Special Interrogation Unit (EAT/ESA) to commemorate the 1973 Athens Polytechnic uprising. He was joined by a delegation from his SYRIZA party.

Türkiye's Central Bank has announced that it will organize "Investor Days" starting from January next year.

The first Investor Day will be held on Jan. 11, 2024, in New York, according to the bank's statement issued on Nov. 13.

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%.