Tapering of QE might not affect emerging markets much, Gemma Godfrey of Brooks Macdonald Asset Management says.» Read More
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.
ANKARA, Nov 1- Turkey is aware of Iraq's concerns about Iraqi Kurdistan's energy projects and will take them into account, Turkish Energy Minister Taner Yildiz said on Friday, after the semi-autonomous region said it would build a second oil pipeline to Turkey.
STORYtNUMBER: L5N0IM1BY STORYtDATE: 01/11/2013 STORYtTIME: 1308 GMT.
*Turkey says won't allow shipments without Baghdad approval. ANKARA, Nov 1- Turkey will not import energy from Iraq without the approval of the federal government in Baghdad, aware of its concerns after the autonomous Kurdish region said it would build a second oil pipeline to Turkey, Energy Minister Taner Yildiz said on Friday.
*Baghdad cautions Turkey to respect agreements. ISTANBUL, Oct 31- Iraq's northern Kurdistan region plans to build a second new oil export pipeline to Turkey within the next two years as it ramps up output independently of Baghdad, the region's natural resources minister said on Thursday.
*Sour relations between Turkey and Israel delay progress. ISTANBUL/ ANKARA, Oct 31- Turkey's Zorlu Energy is in talks with Israeli firms over the potential for a pipeline to carry Israeli gas to Turkey, industry sources say, but the political rift between the two former allies is holding up progress.
WASHINGTON, Oct 28- Turkey has asked the United States to extend the pricing on Raytheon Co's Patriot missile defense system proposal, two sources familiar with the discussions told Reuters on Monday, a sign that Ankara is keeping its options open in case its talks with the preferred Chinese supplier fall through.
CAIRO, Oct 27- Egyptian Steel is preparing for an initial public offer of its shares in 2015 and is on track to boost its production capacity several-fold by then, chairman Ahmed Abou Hashima said.
Corporate investment and tourist arrivals have shrunk while unemployment and inflation have risen since the overthrow of Tunisia's autocratic leader Zine al-Abidine Ben Ali in January 2011 launched a protracted period of political tensions.
WASHINGTON, Oct 24- U.S. weapons maker Raytheon Co on Thursday said it was still ready to sell its Patriot missile defense system to Turkey if that country changed its mind about buying a rival system offered by a Chinese firm that is under U.S. sanctions.
China is establishing itself as a credible competitor in the global weapons market. The NYT reports.
David Kotok, Chairman & CIO at Cumberland Advisors says time is ripe to invest in risky assets as Europe turns a corner and some EMs look like a buy on dips.
LONDON, Oct 16- China's likely sale of sophisticated missiles to Turkey over the objections of its NATO allies might have angered Washington and other capitals, but it should not have been a surprise. China has tended to follow Russia's lead on the Middle East, sometimes appearing sidelined on issues such as Syria.
*Aeroflot is Russia's largest airline. MOSCOW, Oct 10- Russian carrier Aeroflot plans to launch a low-cost airline next year, it said on Thursday, aiming to make air travel more affordable in the world's largest country with fares up to 40 percent cheaper than its current prices.
ISTANBUL, Oct 9- Turkey introduced measures on Wednesday to try to control rampant consumer loan growth and lift its domestic savings rate from historic lows, another front in its battle to reduce a gaping current account deficit.
SAN FRANCISCO, Oct 8- When a Brazilian state prosecutor last year set out to silence anonymous Twitter messages that were revealing the location of drunk-driving checkpoints, he served the social media company's just-opened Sao Paulo office with a lawsuit.
*France fears Geneva 2 could be mere photo opportunity. BEIRUT, Oct 8- Diplomatic momentum is building to bring Syria's warring parties together for peace talks, but with Bashar al-Assad in no mood for concessions and his opponents still deeply divided there is little prospect for an early end to the catastrophic civil war.
Doing a deal with the Chinese rather than with Europe or the U.S. has multiple advantages for Turkey, experts said.
Murad Bayar, Undersecretary of Defence Industries at the Defence Ministry, told reporters in Ankara that Turkey could finalise the deal with China Precision Machinery Import and Export Corp within six months.
BRUSSELS, Oct 3- Turkey has been trying for years to join the European Union, presenting itself as a growing economic and political power and a bridge to Asian and Middle Eastern markets.