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  • Turkey's Vakifbank eyes possible privatisation Wednesday, 3 Oct 2012 | 8:34 AM ET

    ISTANBUL, Oct 3- Turkey's Treasury is taking a controlling stake in the country's seventh largest bank by assets, Vakifbank, which is expected to lead to a possible secondary offering at a later stage, its CEO said on Wednesday. Russia's Sberbank bought Turkey's DenizBank.

  • Greece looks out to sea for gas wealth salvation Wednesday, 3 Oct 2012 | 8:13 AM ET

    LONDON/ MILAN, Oct 3- Offshore natural gas could dramatically change Greece's fortunes, should early estimates of $600 billion worth of reserves be confirmed, according to a study presented to Prime Minister Antonis Samaras in June and seen by Reuters.

  • Turkish September auto sales up 15.8 pct-assn Wednesday, 3 Oct 2012 | 8:06 AM ET

    ISTANBUL, Oct 3- Turkish car and light commercial vehicle sales rose 15.8 percent year-on-year to 69,629 units in September, the Automotive Distributors' Association said on Wednesday. In the three quarters of 2012, sales dipped 12.05 percent from a year earlier to 530,713 units, the association said in a statement.

  • Turkey's Ziraat applies to issue 500 mln lira bill Wednesday, 3 Oct 2012 | 7:46 AM ET

    ISTANBUL, Oct 3- Turkey's largest state lender Ziraat Bank said on Wednesday it had applied to the Capital Markets Board and Istanbul Stock Exchange to issue a 500 million lira 179- day bill with an additional option of 300 million lira.

  • Turkish lira eases, bonds flat after inflation data Wednesday, 3 Oct 2012 | 5:01 AM ET

    ISTANBUL, Oct 3- Turkish bond yields were steady on Wednesday and the lira weakened after a food price-fuelled rise in September inflation failed to dent expectations of more easing of monetary policy.

  • UPDATE 2-Turkish inflation rises on food, tax shocks Wednesday, 3 Oct 2012 | 4:49 AM ET

    ANKARA, Oct 3- Food prices drove Turkish inflation higher in line with forecasts in September, a supply side shock to prices that the central bank has so far put aside in easing monetary policy.

  • ANKARA, Oct 3- Turkish inflation rose broadly in line with forecasts in September, data showed on Wednesday, and was not seen affecting expectations that the central bank will continue to ease monetary policy.

  • TABLE-Turkish Sept CPI +1.03 pct m/m, +9.19 pct y/y Wednesday, 3 Oct 2012 | 3:09 AM ET

    ANKARA, Oct 3- The Turkish Statistics Institute published the following data on September inflation on Wednesday: TURKISH PRICES SEPT 12 AUG 12 SEPT 11 Consumer m/m 1.03 0.56 0.75 Consumer y/y 9.19 8.88 6.15 Consumer index 207.55 205.43 190.09 Producer m/m 1.03 0.26 1.55 Producer y/y 4.03 4.56 12.15 Producer index 205.75 203.65 197.77.

  • ANKARA, Oct 3- Turkey's consumer price index rose 1.03 percent month-on-month in September, compared with a Reuters poll forecast of a 1.10 percent rise, for a year-on-year increase of 9.19 percent, the Turkish Statistics Institute said on Wednesday.

  • Turkey - Factors to Watch on Oct 3 Wednesday, 3 Oct 2012 | 1:31 AM ET

    ISTANBUL, Oct 3- Here are news, reports and events that may affect Turkish financial markets on Wednesday. The main share index closed 1.11 percent up at 67,498 points, largely outperforming a rise of 0.2 percent in the MSCI emerging markets index.

  • *Turkey criticised over web restrictions. ANKARA, Oct 2- Turkey said on Tuesday it had won a long-running battle to persuade the video-sharing website YouTube to operate under a Turkish web domain, giving Ankara a tighter rein over the site's content and requiring the firm to pay Turkish taxes.

  • ISTANBUL, Oct 2- Turkey's inflation-linked bond yields eased on Tuesday after the central bank said at a meeting with bankers that tax hikes would lead it to revise up its year-end inflation forecast. Turkey's state energy company, Botas, raised natural gas prices for consumers on Monday by 9.8 percent.

  • YouTube opens Turkish site, giving govt more control Tuesday, 2 Oct 2012 | 11:48 AM ET

    *Turkey criticised over web restrictions. ANKARA, Oct 2- Turkey said on Tuesday it had won a long-running battle to persuade the video-sharing website YouTube to operate under a Turkish web domain, giving Ankara a tighter rein over the site's content and requiring the firm to pay Turkish taxes.

  • ISTANBUL, Oct 2- Turkish industrial group Yildirim Holding is buying a majority stake in lender Isbank's. Gemport said on Tuesday Yilport, a unit of Yildirim Holding, had signed an agreement to buy a 54 percent stake in Gemport from Isbank.

  • At the same time, the agency has downgraded Denizbank's Long-term local currency IDR to' BBB-' from' BBB'. The rating actions follow the announcement on 28 September 2012 by Belgian-based bank Dexia that it has completed the sale of a 99.85% stake in Denizbank to Russia's Sberbank.

  • ISTANBUL, Oct 2- Turkey's Isbank unit G emport Gemlik Liman said an agreement had been signed t o sell a 54 percent stake in Gemport to Yilport, a unit of Yi ldirim Hol ding, which has interests from shipping to energy.

  • STOCKHOLM, Oct 2- Syria's civil war has made Friday afternoons a busy time at Bambuser, a tiny Swedish IT startup in an old bicycle factory which streams live video from the latest uprisings.

  • ISTANBUL, Oct 2- Turkey will issue a lira-denominated sukuk worth up to 1.62 billion lira on Wednesday, the treasury said, the government's second issue of an Islamic bond as it diversifies its sources of financing.

  • ISTANBUL, Oct 2- The Turkish lira was slightly weaker and bond yields were steady on Tuesday as investors geared up for data expected to show local inflation spiked last month due to higher global energy prices. By 0753 GMT, the lira stood at 1.7925 against the dollar, slightly weaker than 1.7911 late on Monday. The yield on Turkey's two-year benchmark bond.

  • *Stake valued at $350- 400 mln- analyst. ISTANBUL, Oct 2- Turkish army pension fund Oyak has agreed to buy Isbank's port unit Gemlik Liman, a source familiar with the matter told Reuters on Tuesday, in a deal which an analyst estimated was worth $350- 400 million.