Turkish President Recep Tayyip Erdogan's crackdown could be brought to heel by its economic dependence, Mohamed El-Erian says. » Read More
*Oil prices rose on Thursday to their highest levels in weeks as tensions between Syria and Turkey escalated, while maintenance on North Sea oilfields pushed the premium for Europe's Brent crude to another one-year high.
JAKARTA, Oct 12- Following is some company-related and market news that could have an impact on the local market. SE ASIA STOCKS-Global concerns weigh; late buying lifts Bangkok, Jakarta.
BANGKOK, Oct 12- Following are some company-related and market news which could have an impact on the local market. SE ASIA STOCKS- Global concerns weigh; late buying lifts Bangkok, Jakarta. >Bond prices gain as Europe worries continue.
-DBS Group, Southeast Asia's largest lender, has agreed to sell more than half of its stake in Bank of Philippine Islands. to Ayala Corp for S $757.3 million to boost its capital base.-- SEMBCORP INDUSTRIES LTD. -Budget carrier Tiger Airways said it appointed Ho Yuen Sang as the managing director of its Singapore operations.
-Berjaya Philippines Inc holds regular stockholders' meeting, Berjaya Manila Hotel, Eduque Street, Makati City, 9:00 a.m.. EVP and Zone Asia-Oceania-Africa managing director, and John Martin Miller, NestlÃ© Philippines chairman and CEO, Nestle Centre, Rockwell, Makati City, 2:00 p.m.. STOCKS TO WATCH- AYALA CORP.
SEOUL, Oct 11- Seoul shares are likely to rise on Friday after a U.S. court overturned a sales ban on Samsung Electronic' s. A U.S. appeals court overturned a sales ban against Samsung Electronics Co Ltd's Galaxy Nexus smartphone, dealing a setback to Apple Inc. 118.58 1.00% 1.17-------------------------------------------------------------> Wall St flat as Apple cuts jobs data gains.
SINGAPORE, Oct 12- U.S. crude rose towards $93 a barrel on Friday, supported by escalating tensions between Turkey and Syria and supply disruptions at North Sea oil fields. climbed 25 cents to $92.32 a barrel in early Asia trading, after gaining nearly a dollar the previous session.
TOKYO, Oct 12- Japan's Nikkei average is likely to rebound on Friday from its lowest close in more than two months, but concerns over the quarterly earnings season means the benchmark is still on track for a fourth straight week of losses. Mobile operator Softbank Corp will be in focus as it looks to buy roughly 70 percent of U.S. Sprint Nextel Corp.
SEOUL, Oct 12- Following is a list of events in South Korea as well as news stories and press reports that may influence financial markets. >Google in industry's "defining fight" with Apple.
CANBERRA, Oct 12- Australian shares are likely to open flat on Friday on mixed leads from Wall Street, holding below 14- month highs hit earlier this week, although a rebound in metal prices may help index-heavy mining stocks. *Local share price index futures. *New Zealand's benchmark NZX 50 index.
Oil prices rose Thursday as tension between Turkey and Syria raised concerns that crude oil supplies from the Middle East could be disrupted. On the New York Mercantile Exchange:. Benchmark crude rose 82 cents to finish at $92.07 per barrel.
*Turkey, Syria fighting reinforces worry over Middle East supply. NEW YORK, Oct 11- Oil prices rose on Thursday to their highest levels in weeks as tensions between Syria and Turkey escalated, while maintenance on North Sea oilfields pushed the premium for Europe's Brent crude to another one-year high.
POPPING CORN: Corn jumped 5 percent after the government predicted that the U.S. harvest will produce about 10.7 billion bushels, which would be the smallest in six years. SUPPLY QUESTIONS: Oil rose on questions about whether supplies from the Middle East could be disrupted by tensions between Turkey and Syria.
Corn for December delivery rose 36.5 cents to finish at $7.7325 per bushel. The U.S. Agriculture Department predicted that the corn harvest would total about 10.7 billion bushels, which would be the smallest since 2006. The yield was forecast at an average of 122 bushels per acre, which would be the lowest since 1995..
NEW YORK, Oct 11- U.S. crude futures rose on Thursday as tensions between Turkey and Syria and between Iran and the West continued to reinforce concerns about the risk to oil supply from the Middle East.
*Turkey, Syria fighting reinforces worry over Middle East supply. NEW YORK, Oct 11- Oil prices rose on Thursday as tensions between Syria and Turkey escalate, reinforcing concerns about risks to the region's supply, and maintenance curbs on North Sea output continue.
The data strengthened hopes that credit rating agencies could upgrade soon upgrade Turkey's rating. Turkey's August current account deficit fell to $1.18 billion, its lowest level since October 2009, central bank data showed, and was smaller than a Reuters poll forecast for a deficit of $1.750 billion.
BAKU/ LONDON, Oct 11- Azerbaijan accused BP on Wednesday of making "false promises" on oil output and said the state had missed out on $8 billion of potential revenues from what is one of the company's biggest projects in the world.
Oil prices rose Thursday as tension between Turkey and Syria raised concerns that crude oil supplies from the Middle East could be disrupted. On Thursday, Turkey claimed that it forced a Syrian passenger plane to land because it was carrying banned cargo from Russia.
NEW YORK, Oct 11- Brent crude held and U.S. crude futures pared gains in choppy trading on Thursday on a report from the U.S. Energy Information Administration showing crude inventories rose in the United States last week, after oil prices had been lifted earlier by heightened tensions between Turkey and Syria.