Business Turkey

  • ISTANBUL, Oct 12- Turkey's Deputy Prime Minister Ali Babacan said on Friday the government had made all of its planned price hikes for 2012 but additional adjustments may be made in 2013..

  • ISTANBUL, Oct 12- Turkey's central bank governor Erdem Basci said on Friday the bank will maintain its cautious stance regarding pricing behavior, with inflation set to stay above its 5 percent target for some time.

  • *ISTANBUL- President Abdullah Gul to attend a ceremony with former British foreign minister Jack Straw. *ISTANBUL- Prime Minister Tayyip Erdogan will attend to Turkish-Kazakhstan Forum.

  • ISTANBUL, Oct 12- The Turkish Central Bank will hold a one-month repo auction on Friday maturing on Nov. 9 with a volume of 2 billion lira, bank data showed. The bank also said it will hold a one-week repo auction with a volume of 4.5 billion lira, maturing on Oct. 19.

  • *Britain's FTSE 100 index is seen opening down 15 to 18 points, or 0.3 percent on Friday, according to financial bookmakers, retreating after a strong rise in the previous session after Wall Street pared its gains to end flat and Asian markets fell overnight. *Banks will be in focus as JPMorgan Chase& Co. and Wells Fargo.

  • *Turkey- Syria tensions, lower N.Sea output support. SINGAPORE, Oct 12- Brent crude held above $115 a barrel on Friday, trading near four-week highs and on course for its biggest weekly gain in two months, supported by tensions between Turkey and Syria, lower output at North Sea oilfields and upbeat U.S. data.

  • MOSCOW- Russia's Prime Minister Dmitry Medvedev, his deputy Arkady Dvorkovich along with Agriculture Ministry officials to attend Agriculture fair;. MOSCOW- International Monetary Fund to present its October World Economic Outlook; MOSCOW- Retailer O'Key to present trading update.

  • *Britain's FTSE 100 index is seen opening down 15 to 18 points, or 0.3 percent on Friday, according to financial bookmakers, retreating after a strong rise in the previous session after Wall Street pared its gains to end flat and Asian markets fell overnight. *Banks will be in focus as JPMorgan Chase& Co. and Wells Fargo.

  • NAIROBI, Oct 12- The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Friday. MAURITIUS- Bank of Mauritius to auction 364- day Treasury bills worth 500. by tensions between Turkey and Syria, lower output at North Sea oilfields.

  • SOFIA, Oct 12- These are some of the main stories in Bulgarian newspapers on Friday. -The economy ministry will strip travel agency On Travel off its licence after the tour operator left 123 Bulgarian tourists stranded in Turkey and Spain.

  • By early afternoon in Europe, benchmark oil for November delivery was up 21 cents to $92.28 per barrel in electronic trading on the New York Mercantile Exchange. The contract gained 82 cents to close at $92.07 per barrel in New York on Thursday.

  • The yield on Turkey's two-year benchmark bond. Turkey's main share index closed up 1.64 percent at 69,577 points, its highest level since May 2011, outperforming a 0.45 percent rise in the emerging markets index. ï¿ ½.

  • *Turkey- Syria tensions, lower N.Sea output support. SINGAPORE, Oct 12- Brent crude held above $115 a barrel on Friday, trading near four-week highs and on course for its biggest weekly gain in two months, supported by tensions between Turkey and Syria, lower output at North Sea oilfields and upbeat U.S. data.

  • LONDON, Oct 12- Russian Urals crude extended its rally on Friday, trading in the Baltic at a discount of less than $1 a barrel to dated Brent for the first time since late August, as refiners scrambled to pick up remaining scarce volumes. In the Platts window, BP continued to bid for an Oct 22-26 cargo in the Baltic at dated Brent minus $1 but found no sellers, traders said.

  • *Nifty futures on the Singapore Exchange. FACTORS TO WATCH* Infosys, India's no. 2 software services provider, will report September quarter earnings. *A committee, led by prime minister's Economic Advisory Council chief C. Rangarajan, will recommend lifting curbs on India's tightly controlled sugar sector.

  • *Turkey- Syria tensions, lower N.Sea output support. SINGAPORE, Oct 12- Brent crude held above $115 a barrel on Friday, trading near four-week highs and on course for its biggest weekly gain in two months, supported by tensions between Turkey and Syria, lower output at North Sea oilfields and upbeat U.S. data.

  • *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.