James Ker-Lindsay, Senior Research Fellow at the London School of Economics and Political Science is skeptical that Turkey will ever join the European Union.» Read More
LONDON, Dec 2- As a decade's worth of easy foreign money starts to ebb away from emerging economies, their governments are renewing efforts to deepen domestic savings pools- even if change is painfully slow.
*Turkey's relations with Baghdad stgrained. ARBIL, Iraq, Dec 2- Turkey said on Monday it stood by a bilateral oil deal with Iraq's Kurdistan region that bypassed central government but sought to appease Baghdad by drawing it into the arrangement.
ARBIL, Dec 2- Turkey said on Monday it stood by a bilateral oil deal with Iraq's Kurdistan region that bypassed central government but wanted to win Baghdad's support by drawing it into the arrangement.
TOKYO, Dec 2- U.S. crude extended gains on Monday after data from China over the weekend showed industrial activity in the world's No.2 crude buyer remained high despite worries the economy is facing a modest slowdown. *NYMEX crude for January delivery was up 31 cents at $93.03 a barrel by 0015 GMT, after settling up 42 cents on Friday.
*Populous, resource-rich Iran could be lucrative market. *German exports to a post-sanction Iran could hit 5 bln euros.
ISTANBUL, Nov 28- All Turkish banks will be able to make Iranian transactions as sanctions on Iran are eased in the wake of a deal between Tehran and six world powers to curb Tehran's nuclear programme, Turkey's economy minister said on Thursday.
JOHANNESBURG, Nov 27- Turkish mobile phone company Turkcell has taken to a South African court with its $4.2 billion lawsuit against rival MTN Group, alleging it was the victim of corruption and bribery that caused it to lose a contract in Iran.
*France uniquely placed for quick interventions. One reason for the box-office success of "Quai d'Orsay"- named after the 19th century palace by the River Seine where France conducts its world affairs- is how closely it flirts with real-life policy.
*Many European, Asian firms express interest in Indonesia's airports. JAKARTA, Nov 21- Indonesia's need for more and better airports is drawing strong interest from foreign transport and construction companies, hungry for a slice of the action in one of world's the fastest growing markets for air travel.
ISTANBUL, Nov 19- Turkey's central bank held fire on interest rates but signalled more tightening of its day-to-day monetary policy on Tuesday, as it worries about a withdrawal of U.S. monetary stimulus that could weaken the lira and push up inflation.
LONDON/ DUBAI, Nov 18- For U.S. arms firms flocking to the Dubai Airshow this week, the Middle East has never been more important- the second fastest growing market after Asia as western defence spending shrinks. Lockheed Martin, Boeing, Northrop Grumman and other big companies are expanding in the Gulf, with executives openly pinning their hopes on the region.
*Conflict in Syria adds to tensions in southeast Turkey. DIYARBAKIR, Turkey, Nov 18- When gunmen stormed a wedding and shot dead a guest in southeastern Turkey, they stirred fears of a new outbreak of bloodshed in a region increasingly destabilised by Syria's civil war.
LONDON, Nov 14- As food begins to flow into Bashar al-Assad's Syria after several months of disruption, some of the president's close allies stand to make substantial profits from the secretive trade, according to trade and opposition sources with knowledge of the situation.
*Turkey has to attract some $225 billion to fund short-term debt. ISTANBUL, Nov 14- Turks are hoarding dollars and shunning their own currency as confidence in it dwindles, undermined by high inflation, a cloudy political outlook and fears of an exodus of foreign investors.
BEIRUT, Nov 13- Kurdish militias seized another seven villages in northeastern Syria, activists said on Wednesday, a day after the fighters' political wing announced an interim administration that aims to carve out an autonomous Syrian Kurdish region.
*Iran asks Indian refiners to pay euros via Turkey's Halkbank. NEW DELHI, Nov 13- Indian refiners have asked the government to clarify if they can pay Iran for crude in euros after the National Iranian Oil Company requested settlement of some debts through a Turkish bank, Indian officials said on Wednesday.
A Reuters study found that Iran's Ayatollah Khamenei controls a massive financial empire built from property seizures from ordinary Iranians.
There's the court order authorizing the takeover of her children's three Tehran apartments in a multi-story building the family had owned for years. It was taken by an organization that is controlled by the most powerful man in Iran: Supreme Leader Ayatollah Ali Khamenei.
Nov 7- Solar panel maker China Sunergy Co Ltd said shipments fell in the third quarter compared with the second quarter due to tight credit in China that hurt its ability to buy raw materials. China Sunergy has been in discussions with domestic commercial banks to secure additional lines of credit, a company executive said on a post-earnings conference call.
The deals, which could have important geo-political consequences for the Middle East, could see Kurdistan export some 2 million barrels per day of oil to world markets and at least 10 billion cubic metres per year of gas to Turkey.