Turkey
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Bob Turner, Turner Investment Partners, explains why he is bullish on Turkey, Indonesia, Mexico and the Philippines.
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*Pentagon report shows $4.5 bln drop in F-35 cost. WASHINGTON, May 23- The Pentagon on Thursday told Congress it expected a 1 percent drop in the cost of its biggest weapons program, the Lockheed Martin Corp. F-35 fighter jet, while averting the huge cost increases seen on other weapons programs in recent years.
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WASHINGTON, May 23- The Pentagon's annual report to Congress shows a decline of $4.5 billion, or just over 1 percent, in the projected development and acquisition cost of the Lockheed Martin Corp F-35 fighter jet program, sources familiar with the data said on Thursday.
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*Kurdistan to start deliveries to second terminal in Turkey. LONDON, May 22- Iraqi Kurdistan's crude oil sales to world markets, deemed illegal by Baghdad, are set to rise by nearly 50 percent next month as trucks start deliveries to a second export terminal in Turkey, industry sources in the region said on Wednesday.
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*Cairo needs to cut spending but austerity risks more social unrest. *Analysts urge Cairo to move quickly to secure IMF loan. AL-SAFF, Egypt, May 22- Hundreds of soot-stained factory chimneys dot the horizon in the industrial city of al-Saff, south of Cairo, but only a few spew black smoke.
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*Sudan hopes to offset loss of oil to South Sudan. NEAR SOFIYA, Sudan, May 22- In a hangar-shaped factory hall in central Sudan a dozen workers rush to pack refined white sugar gushing from a funnel into paper bags to be loaded on three trucks parked outside.
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*Israel hopes gas finds will strengthen diplomatic hand. TEL AVIV, May 22- Israel's newfound natural gas reserves will boost its regional clout and could help it improve ties with neighbouring states in need of new energy sources, Energy Minister Silvan Shalom said.
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LONDON, May 17- The coveted investment grade rating has arrived in Turkey and foreign capital may follow- possibly a lot of it. An investment grade rating, which Moody's gave Turkey on Thursday, potentially opens Turkey to more conservative funds. "This could bring a whole new investor base to Turkey," says Tim Ash, head of emerging markets research at Standard Bank.
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Bob Turner, Turner Investment Partners, explains why he is bullish on Turkey, Indonesia, Mexico and the Philippines.
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WASHINGTON, May 17- Turkish Prime Minister Tayyip Erdogan said on Friday Turkey had already significantly reduced its oil imports from Iran, which is under the choke of Western sanctions, and further cutbacks would depend on his country's energy needs.
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NEW YORK, May 17- Oil climbed for a third straight session on Friday, supported by a raft of strong economic data from top oil consumer the United States that also boosted U.S. equities, although a strong dollar limited gains in oil prices.
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LONDON, May 17- The coveted investment grade rating has arrived in Turkey and foreign capital may follow- possibly a lot of it. An investment grade rating, which Moody's gave Turkey on Thursday, potentially opens Turkey to more conservative funds. "This could bring a whole new investor base to Turkey," says Tim Ash, head of emerging markets research at Standard Bank.
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LONDON, May 17- The coveted investment grade rating has arrived in Turkey and foreign capital may follow- possibly a lot of it. An investment grade rating, which Moody's gave Turkey on Thursday, potentially opens Turkey to more conservative funds. "This could bring a whole new investor base to Turkey," says Tim Ash, head of emerging markets research at Standard Bank.
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NEW YORK, May 17- Oil climbed for a third straight session on Friday, supported by a raft of strong economic data from top oil consumer the United States that boosted U.S. equities, although a strong dollar limited gains in oil prices.
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*Iraq- Turkey oil pipeline stops again- source. LONDON, May 17- Oil climbed towards $105 a barrel on Friday, rebounding from an earlier decline and heading for a small weekly gain, although concern about the strength of demand growth limited the rise.
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ISTANBUL, May 17- Turkey hailed its second investment grade rating on Friday, seeing it as a seal of approval from international markets for a decade of economic reform.
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*Iraq- Turkey oil pipeline stops again- source. LONDON, May 17- Oil edged above $104 a barrel on Friday, rebounding from an earlier decline and heading for a small weekly gain, although concern about the strength of demand growth limited the rebound.
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ISTANBUL, May 17- Turkey hailed its second investment grade rating on Friday, seeing it as a seal of approval from international markets for a decade of economic reform.
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BRUSSELS, May 16- The giant South Stream pipeline to transport natural gas from Russia to the European Union is a reality and is on schedule to be built by the end of 2015, the chief executive of the offshore section of the line said on Wednesday, rebutting widespread doubts that it will ever be built.
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*U.N. says Syria conflict a humanitarian catastrophe. LONDON, May 17- Syria has managed to increase its grain imports in recent months after a period when it was less active on international markets, traders say, a development that suggests President Bashar al-Assad has found a way to feed his people despite war.
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President Obama and Turkish Prime Minister Erdogan hold a news conference on the progress towards peace in the Middle East, and agreements reached on trade and security.