Bob Turner, Turner Investment Partners, explains why he is bullish on Turkey, Indonesia, Mexico and the Philippines.» Read More
LONDON, May 9- Europe's development bank slashed its 2013 growth forecasts for emerging Europe and North Africa on Friday by almost a full percentage point, saying a sharp slowdown in Russia would drag down the regional economy.
*Nusra Front only competitor to tribes. BEIRUT, May 10- In Syria's eastern province of Deir al-Zor, a network of tribes and smugglers has exploited the chaos of war to create an illicit oil trade that makes European hopes of buying crude from President Bashar al-Assad's opponents a distant prospect.
LONDON, May 9- In a neighbourhood mired in recession or political turmoil, Turkey is hosting the region's development bank as a dynamic economic leader rather than a needy recipient.
*Batam Island route follows use of Labuan, Malaysia. LONDON, May 9- Iran is using an Indonesian port in a strategy to keep up sales to buyers in Asia in the teeth of Western sanctions, according to shipping data and industry sources.
LONDON, May 9- Brent crude fell below $104 a barrel on Thursday as rising fuel supplies and faltering demand pointed to a growing surplus of oil worldwide. U.S. crude oil inventories jumped to a fresh record last week as domestic production continued to climb, the U.S. Energy Information Administration said on Wednesday.
Andrew Stevens, Group CEO at Commercial Bank, talks to CNBC about their plans to buy a 70.8 percent stake in Turkish lender, Alternatif Bank.
SINGAPORE, May 9- Brent futures held near $104 a barrel on Thursday, as upbeat data worldwide renewed hopes of a revival in demand growth, while concerns of ample supplies weighed on prices. Equities supported oil, with the S&P 500 closing at an all-time high for a fifth day on Wednesday following a slew of positive numbers from the United States, China and Germany.
*Iraq hopes to trans-ship goods to Europe. BAGHDAD, May 8- In a shabby, rusty train that had just left Baghdad for the southern city of Basra, Riyadh Saleh moved restlessly from carriage to carriage, searching for a comfortable, air-conditioned seat.
*Turkey promoting Istanbul as financial hub. ISTANBUL, May 8- Turkey is in talks with the London Stock Exchange and Nasdaq about a partnership deal that could see it sell a stake in the Istanbul bourse as part of a drive to promote the city as a financial hub, its deputy prime minister said.
ISTANBUL, May 8- Turkey is in talks with the London Stock Exchange and Nasdaq about possible strategic partnerships for its stock exchange in Istanbul, Deputy Prime Minister Ali Babacan said on Wednesday.
SOFIA, May 8- Bulgarians go to the polls on Sunday to elect a new parliament, the European Union member state's eighth free general election since the fall of communism in 1989.. GEOGRAPHY: Bordered to the north by Romania, to the east by the Black Sea, to the south by Turkey and Greece, to the west by Serbia and Macedonia.
*One in three people deemed in need of help in Syria* U.N. faces bureaucratic hurdles to deliver aid* But more convoys crossing front lines, it says By Stephanie Nebehay. GENEVA, May 7- Bureaucratic hurdles still hamper delivery of aid in Syria where nearly one in three people need help, half of them children, the United Nations said on Tuesday.
UNITED NATIONS, May 7- The U.N. peacekeeping force in southern Lebanon has protested to Israel after it observed increased violations of Lebanese air space by Israel, which carried out raids in Syria to target what it said were Iranian missiles bound for Hezbollah militants.
LONDON, May 07 Fitch Ratings has affirmed seven Qatari banks following a peer review. The seven banks included in this peer review are Qatar National Bank, Commercial Bank of Qatar, Qatar Islamic Bank, Doha Bank, Ahli Bank Q.S.C., Al Khalij Commercial Bank Q.S.C., and Qatar International Islamic Bank.
*BP output at ACG field falls faster than Azeri total. BAKU, May 7- BP on Tuesday reported an 8.4 percent drop in its quarterly output at Azerbaijan's Azeri-Chirag-Guneshli fields, falling faster than the country's overall production in a trend criticised by its president.
*One in three people deemed in need of help in Syria. GENEVA, May 7- Bureaucratic hurdles still hamper delivery of aid in Syria where nearly one in three people need help, half of them children, the United Nations said on Tuesday.
*Diageo seeks further emerging markets expansion. LONDON, May 7- Diageo named Ivan Menezes as chief executive on Tuesday, turning to an Indian-born company insider whose role in the British drinks firm's push into emerging markets points to where it sees its future.
ANKARA, May 7- Turkish Prime Minister Tayyip Erdogan condemned on Tuesday Israeli air strikes on targets near Damascus, saying they were an opportunity for Syrian President Bashar al-Assad's government to cover up its own killings. "The air strike Israel carried out on Damascus is completely unacceptable.
ISTANBUL, May 7- Turkish lender Isbank said on Tuesday it posted a net profit of 1.02 billion lira in the first quarter, up from 708 million a year earlier and exceeding a Reuters poll forecast of 898 million.
ISTANBUL, May 7- Turkey's Yapi Kredi Bank. posted a first-quarter net profit of 541.1 million lira, up 6.7 percent from a year earlier, its results showed on Tuesday. According to a Reuters poll of eight analysts, net income was forecast at 458 million lira.