Browsing by Subject "Reuters"

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    ItemOpen Access
    The effects of political and economic news on the intradaily performance of the Istanbul Stock Exchange
    (2004) İlkuçan, Ayça
    This study aims to analyze the immediate effects of political and economic news on the intradaily performance of the ISE100 stock index. For the period between August 1, 2002 and March 31, 2003, both domestic and foreign news are collected from the Reuters Turkish language news service and divided into four main categories and 44 sub-categories. First using an event study methodology, parametric and nonparametric tests are employed to compare the ISE100 index returns in the 5-minute frequency during the event window of the news to a control sample, which contains returns of intervals with no news. Second, six GARCH (1,1) models are estimated using returns in the 15-minute frequency, with dummy variables representing seasonal factors and news categories. Overall, political news are found to increase significantly both mean and variability of returns. Among the individual subcategories, the findings indicate that news about the Iraq Crisis/War, November 2002 elections and Cyprus peace negotiations influence intradaily index returns significantly. Although no significant impact of domestic economic news is found on mean and variability of returns using the broad classification of news, specifically, news about employment, forced savings, production, budget, taxes and CBRT auctions and economic news from other countries are found to affect the returns.
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    ItemOpen Access
    The news agencies in the Ottoman Empire: Havas, Reuters and the Ottoman Telegraph Agency (1862-1914)
    (2019-01) Uçan, Ceren
    Established in the nineteenth century, Havas, Reuters and Wolff’s became three major and influential news agencies in the world. Especially Havas and Reuters gave utmost importance to the Ottoman Empire and competed to gain control of news collecting and dissemination in the imperial capital. Being challenged by the Great Power politics of the century, the Ottoman Empire tried to have control of the news Havas and Reuters disseminated in the empire and abroad along with other carriers and makers of information through financial means. Not satisfied with the outcomes of this policy, the empire searched for ways to have its own news agency for more than three decades. The Ottoman Telegraph Agency, the first semi-formal news agency of the Ottoman Empire came into existence in 1911.