Finance News – Page 922

Turkey holds interest rate at 45% for first time after 8 months of hikes

Turkey’s central bank held its key interest rate on Thursday, despite soaring inflation, after eight consecutive months of hikes.

Mercedes-Benz shares climb 5% on share buyback, despite ‘exceptional’ uncertainty ahead

Mercedes-Benz shares climbed on Thursday morning after the German carmaker beat fourth-quarter earnings expectations and announced a new share buyback program.

Chinese tourists are fueling a recovery in Asia-Pacific’s travel industry — flight bookings set to climb to pre-pandemic levels

Travel demand in Asia-Pacific is “a little bit shy” of returning to 2019 levels and is expected to hit pre-pandemic levels this year, said Willie Walsh, director general of the IATA.

Stocks making the biggest moves after hours: Nvidia, Etsy, Rivian, Lucid Group and more

Check out the companies making headlines in extended trading.

Fed officials expressed caution about lowering rates too quickly at last meeting, minutes show

The Federal Reserve on Wednesday released minutes from its Jan. 30-31 meeting.

IRS to begin ‘dozens of new audits’ of corporate jets in crackdown of corporations, higher earners

The IRS plans “dozens of new audits” of corporate jet usage as part of its increased scrutiny of large corporations, complex partnerships and top earners.