President Obama and British Prime Minister David Cameron hold a press conference at the White House today where the two world leaders lay out an economic agenda for the G8 Summit; discuss the importance of a joint commitment for continued global security; and address the challenges facing economic global needs.» Read More
TOKYO, Oct 12- Japan's Nikkei average is likely to rebound on Friday from its lowest close in more than two months, but concerns over the quarterly earnings season means the benchmark is still on track for a fourth straight week of losses. Mobile operator Softbank Corp will be in focus as it looks to buy roughly 70 percent of U.S. Sprint Nextel Corp.
SEOUL, Oct 12- Following is a list of events in South Korea as well as news stories and press reports that may influence financial markets. >Google in industry's "defining fight" with Apple.
CANBERRA, Oct 12- Australian shares are likely to open flat on Friday on mixed leads from Wall Street, holding below 14- month highs hit earlier this week, although a rebound in metal prices may help index-heavy mining stocks. *Local share price index futures. *New Zealand's benchmark NZX 50 index.
Oil prices rose Thursday as tension between Turkey and Syria raised concerns that crude oil supplies from the Middle East could be disrupted. On the New York Mercantile Exchange:. Benchmark crude rose 82 cents to finish at $92.07 per barrel.
*Turkey, Syria fighting reinforces worry over Middle East supply. NEW YORK, Oct 11- Oil prices rose on Thursday to their highest levels in weeks as tensions between Syria and Turkey escalated, while maintenance on North Sea oilfields pushed the premium for Europe's Brent crude to another one-year high.
POPPING CORN: Corn jumped 5 percent after the government predicted that the U.S. harvest will produce about 10.7 billion bushels, which would be the smallest in six years. SUPPLY QUESTIONS: Oil rose on questions about whether supplies from the Middle East could be disrupted by tensions between Turkey and Syria.
BRUSSELS, Oct 11- The EU will toughen up its sanctions on Syria's arms industry and bar more of its officials from travelling to Europe in order to crimp President Bashar al-Assad's access to cash, diplomats said on Thursday.
Corn for December delivery rose 36.5 cents to finish at $7.7325 per bushel. The U.S. Agriculture Department predicted that the corn harvest would total about 10.7 billion bushels, which would be the smallest since 2006. The yield was forecast at an average of 122 bushels per acre, which would be the lowest since 1995..
NEW YORK, Oct 11- U.S. crude futures rose on Thursday as tensions between Turkey and Syria and between Iran and the West continued to reinforce concerns about the risk to oil supply from the Middle East.
*Turkey, Syria fighting reinforces worry over Middle East supply. NEW YORK, Oct 11- Oil prices rose on Thursday as tensions between Syria and Turkey escalate, reinforcing concerns about risks to the region's supply, and maintenance curbs on North Sea output continue.
When the stay-at-home mom and her family visited New York from their home in Germantown, Md., they joined the crowd of fans outside the NBC morning show's Rockefeller Center studio.
Oil prices rose Thursday as tension between Turkey and Syria raised concerns that crude oil supplies from the Middle East could be disrupted. On Thursday, Turkey claimed that it forced a Syrian passenger plane to land because it was carrying banned cargo from Russia.
NEW YORK, Oct 11- Brent crude held and U.S. crude futures pared gains in choppy trading on Thursday on a report from the U.S. Energy Information Administration showing crude inventories rose in the United States last week, after oil prices had been lifted earlier by heightened tensions between Turkey and Syria.
MOSCOW, Oct 11- Russian stocks edged up on Thursday, shrugging off morning losses as escalating tension over Syria pushed up oil prices, which also helped lift the rouble and Russian bond prices. Russia's markets were lifted by a rising oil price, on a day when Turkey intercepted a Russian plane bound for Syria, provoking a diplomatic row between Moscow and Ankara.
KAYSERI, Turkey, Oct 11- Syria had stopped electricity imports from Turkey while it repairs its power network and there is no political reason for the interruption of the supplies, which last year met a fifth of Syrian needs, Turkish officials said.
*Turkey, Syria fighting stokes concern over Mideast supply. LONDON, Oct 11- Brent crude oil reached its highest in a month on Thursday, lifted by escalating tension between Syria and Turkey, maintenance in the North Sea and a supply crunch in oil products.
Hungary dipped 13 percent to 46.54 euros on Hungary's HUPX. The three central European countries combined their day ahead markets in September to help provide better supply for the region but since then Hungary has helped to narrow- and often erase- the typical Czech and Slovak discount to Germany.
Crude futures were up ahead of the data on heightened tensions between Turkey and Syria and the potential threat to oil supply in the region. Brent crude was up $1.10 at $115.43 a barrel at 8:45 a.m. EDT, having traded from $114.42 to $115.59. U.S. crude was up $1.24 at $92.49 a barrel, having traded from $91.09 to $92.70.
KAYSERI, Turkey, Oct 11- Turkey said on Thursday it had stopped supplying Syria with electricity, but officials said the decision was due to problems with its neighbour's network and not a political decision to cut it off.
DAMASCUS, Oct 11- Syria said on Thursday a Damascus- bound plane forced to land in Ankara by Turkish fighter jets while en route from Moscow had been carrying legitimate cargo. The Foreign Ministry said the Turkish action violated international law and showed Ankara's "hostile policy" towards Syria.