MNI: US HOUSE FINANCIAL SERVICES ANNOUNCES HEARING ON SVB, SIG

MNI BRIEF: Canada Feb Teranet Home Price Index Record -11% YOY

MNI China Daily Summary: Friday, March 17

MNI DATA FORECASTS: Fed, BOE To Lead

Fed Watch

MNI: US FEB INDUSTRIAL PROD +0.0%; CAP UTIL 78.0%

MNI BRIEF: Fed, Treasury, FDIC-Big Banks Back First Republic

MNI BRIEF: Trudeau Justified Using Emergency Act, Judge Finds

MNI: Canada Boosting Health Spending CAD46.2B Over 10 Years

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI: US HOUSE FINANCIAL SERVICES ANNOUNCES HEARING ON SVB, SIG

USDCAD TECHS

Pullback Considered Corrective

AUDUSD TECHS

Corrective Cycle

EURJPY TECHS

Corrective Bounce

US

US Voters Support Bank Rescue Measures But Consider It A "Bailout"

USDJPY TECHS

Short-Term Trend Needle Points South

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Market News Topics

Botas Announces Gas Discounts for Industrial Companies

TURKEY
BulletEM BulletEmerging Markets NewsHomepage
  • State gas company Botas has announced price cuts in wholesale gas for big industrial companies and gas used for power production, citing “economic conditions” in Turkey and market stability, Bloomberg report. There will be a 13.30%-17.22% cut for large industrial companies and a 16.67% cut for gas used for power production.
  • Steel imports - especially from Russia – have increased, Sozcu reports, putting pressure on domestic producers who are struggling to compete, Steel Exporters’ Association Chairman Adnan Aslan said. Sector representatives have warned that if imports continue to outstrip demand for domestic supply, then steel factories will close and unemployment will rise.
  • “It is not possible for Mr. Erdogan to be a candidate in the elections to be held on May 14,” the leaders of the “Table of Six” opposition parties said after a 9.5 hour meeting yesterday. They are expected to name a unified contender for the May Presidential and Parliamentary elections in early February.
  • President Erdogan will address supporters at an opening ceremony of state-run Gubretas’s gold mine at 1100 GMT/1400 local time. There are no major economic releases scheduled today.
180 words

To read the full story

Why Subscribe to

MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • State gas company Botas has announced price cuts in wholesale gas for big industrial companies and gas used for power production, citing “economic conditions” in Turkey and market stability, Bloomberg report. There will be a 13.30%-17.22% cut for large industrial companies and a 16.67% cut for gas used for power production.
  • Steel imports - especially from Russia – have increased, Sozcu reports, putting pressure on domestic producers who are struggling to compete, Steel Exporters’ Association Chairman Adnan Aslan said. Sector representatives have warned that if imports continue to outstrip demand for domestic supply, then steel factories will close and unemployment will rise.
  • “It is not possible for Mr. Erdogan to be a candidate in the elections to be held on May 14,” the leaders of the “Table of Six” opposition parties said after a 9.5 hour meeting yesterday. They are expected to name a unified contender for the May Presidential and Parliamentary elections in early February.
  • President Erdogan will address supporters at an opening ceremony of state-run Gubretas’s gold mine at 1100 GMT/1400 local time. There are no major economic releases scheduled today.