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Europe Top News and Analysis Syria

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  • UPDATE 6-Oil pushes over $115 on Syria tension Thursday, 11 Oct 2012 | 10:17 AM ET

    *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.

  • UPDATE 5-Oil pushes over $115 on Syria tension Thursday, 11 Oct 2012 | 7:59 AM ET

    *Turkey, Syria fighting stokes concern over Mideast supply. LONDON, Oct 11- Brent crude oil headed for its highest close 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.

  • Turkish shares were trading at their highest in 16- months, buoyed by hopes that ratings agency Fitch, due to conduct an annual review of Turkey soon, will upgrade its credit rating.

  • LONDON, Oct 11- U.S. crude futures rose more than $1 a barrel on Thursday, as rising tension between Syria and Turkey and a supply crunch in oil products pushed prices higher. November crude was up 99 cents at $92.24 a barrel by 1120 GMT, after rising to $92.31. Brent crude was up 89 cents at $115.22.

  • UPDATE 4-Oil pushes over $115 on Syria tension Thursday, 11 Oct 2012 | 7:07 AM ET

    *Turkey, Syria fighting stokes worries about Mideast supply. LONDON, Oct 11- Brent crude oil headed for its highest close 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.

  • 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 plane was not carrying any illegal material," Ghaida Abdulatif, head of Syrian Arab Airlines, told reporters in Damascus. "

  • Syria says plane from Russia carried legal cargo Thursday, 11 Oct 2012 | 6:05 AM ET

    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 plane was not carrying any illegal material," Ghaida Abdulatif, head of Syrian Arab Airlines, told reporters in Damascus. "

  • Indian shares gain; Infosys rises ahead of earnings Thursday, 11 Oct 2012 | 6:04 AM ET

    *Unitech surges after settlement with Telenor. MUMBAI, Oct 11- Indian shares rose on Thursday as expectations of better-than-expected earnings sent Infosys. and HDFC Bank higher a day before they report results.

  • OSLO, Oct 11- Nordic spot power prices were expected to fall on higher wind output and lower export capacity to Germany, analysts at Point Carbon said on Thursday.

  • LONDON, Oct 11- Turkish stocks hit 17- month highs on Thursday, shrugging off an escalating conflict with Syria as data showed an improving current account picture while the Czech crown lost 0.3 percent after comments by the central bank governor.

  • PRESS DIGEST - RUSSIA - Oct 11 Thursday, 11 Oct 2012 | 5:30 AM ET

    MOSCOW, Oct 11- The following are some of the leading stories in Russia's newspapers on Thursday. -The paper runs an interview with Ivan Tavrin, chief executive officer of Russia's second-largest mobile phone operator MegaFon who says the company earned more than its competitors on data transfer services in the first half of 2012..

  • UPDATE 3-Oil pushes higher on Syria tension Thursday, 11 Oct 2012 | 4:58 AM ET

    *Turkey, Syria fighting stokes worries about Mideast supply. LONDON, Oct 11- Brent crude oil headed for its highest close 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.

  • Brent crude gains $1 on Middle East supply worry Thursday, 11 Oct 2012 | 4:22 AM ET

    LONDON, Oct 11- Brent crude oil rose by $1 on Thursday, lifted by escalating tension between Syria and Turkey, maintenance in the North Sea and a supply crunch in oil products. By 0818 GMT Brent crude oil was at $115.20 per barrel after reaching $115.33. It was on track for its highest close in a month.

  • Turkey says Syria stopped buying electricity last week Thursday, 11 Oct 2012 | 4:21 AM ET

    ANKARA, Oct 11- Syria decided to stop buying electricity from Turkey last week but there is no disruption to supplies and Turkey stands ready to resume them if Syria wants to start buying again, Energy Minister Taner Yildiz said on Thursday.

  • Syrian minister accuses Turkey of piracy - TV Thursday, 11 Oct 2012 | 4:12 AM ET

    BEIRUT, Oct 11- Syria's transport minister accused Turkey on Thursday of "air piracy" after Turkish fighter planes forced down a Syrian passenger jet flying from Russia to Damascus, Lebanon's al-Manar Television reported. The channel quoted minister Mahoumd Said as saying the move amounted to "air piracy which contradicts civil aviation treaties."

  • Romney seeks more assertive US policy on China Thursday, 11 Oct 2012 | 2:41 AM ET

    WASHINGTON-- Republican presidential contender Mitt Romney is promising to get tough on China to help American workers, but his plans could backfire. Romney is pledging, on his first day in office, to designate China a currency manipulator, a step no administration has taken against any country for 18 years.