Business Turkey

More

  • Oct 11- Fitch Ratings has assigned Turkiye Is Bankasi A.S.' s upcoming USD issue of subordinated notes an expected' BB+' rating. Isbank Group is a financial conglomerate, where Isbank is the main financial body. The bank is 40.73% owned by the Isbank Pension Fund and 31.18% is broadly held at end-H112.

  • 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.

  • 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.

  • 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."

  • ANKARA, Oct 11- Turkey's current account deficit narrowed more sharply in August, falling to $190 million excluding energy import payments, Finance Minister Mehmet Simsek told Reuters on Thursday.

  • BAKU, Oct 11- Azerbaijan's oil and condensate output fell in the nine months to end-September, extending a 2011 drop, state energy company SOCAR said, after the government decided to slow output to prolong the life of reserves. Maintenance at some main fields contributed to the fall in oil output, while gas production rose from plentiful reserves.

  • ISTANBUL, Oct 11- Turkey's current account deficit narrowed to $1.18 billion in August from a revised $4.097 billion a month earlier, central bank data showed on Thursday, below a Reuters poll forecast for a deficit of $1.750 billion.

  • *Turkey, Syria fighting continues, stokes worries about Mideast supply. November Brent crude rose 60 cents to $114.93 a barrel by 0626 GMT after a volatile session on Wednesday that saw the contract rising to $115.59, its highest since Sept. 17, before settling down slightly.

  • ISTANBUL, Oct 11- The Turkish Central Bank's gross foreign exchange reserves rose to $94.914 billion in the week to Oct. 5 from $94.800 billion a week earlier, according to Reuters calculations based on central bank data. Following is a breakdown of reserves:.

  • ISTANBUL, Oct 11- Turkey's Isbank said on Thursday it had mandated Deutsche Bank, JPMorgan, Mitsubishi UFJ Securities and Standard Chartered for investor meetings about a possible bond issue in Europe, the U.S. and Asia.

  • MOSCOW, Oct 11- Here are events and news stories that could move Russian markets on Thursday. MOSCOW- Russian government to hold a meeting on the grain harvest. MOSCOW- Russia's top food retailer X5 Retail Group.

  • The price of oil rose above $92 a barrel Thursday as growing tensions between Turkey and Syria caused worries about the future of Middle East crude supplies. By early afternoon in Europe, benchmark oil for November delivery was up 90 cents to $92.15 a barrel in electronic trading on the New York Mercantile Exchange.

  • *Turkey, Syria fighting continues; Mideast tension supports oil. November Brent crude rose 52 cents to $114.85 a barrel by 0501 GMT after a volatile session on Wednesday that saw the contract rising to $115.59, its highest since Sept. 17, before settling down slightly.

  • The yield on Turkey's two-year benchmark bond. Turkey's main share index closed 0.56 percent up at 68,457 points, outperforming a 0.33 percent fall in the emerging markets index.

  • *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 and maintenance curbs on North Sea output continue.

  • Oct 11- The U.S. Department of Agriculture has raised its 2012/ 13 global ending stock forecast for cotton to record highs for a third consecutive month, sending prices down and reinforcing concerns about weakening demand from China, the world's largest textile market.

  • *Turkey, Syria fighting continues; Mideast tensions support oil. November Brent crude rose 52 cents to $114.85 a barrel by 0319 GMT after a volatile session on Wednesday that saw the contract rising to $115.59, its highest since Sept. 17, before settling down slightly.

  • *Turkey warns Syria about cross-border shelling. Oil markets, which have been balancing concerns of lower global fuel demand against the risk of supply disruptions in the Middle East and loading delays of crude from the North Sea, also.

  • ISTANBUL, Oct 11- A Syrian passenger plane took off from the Turkish capital Ankara on Thursday after being grounded for several hours by Turkish authorities on suspicion that it was carrying military equipment destined for Syria.

  • SINGAPORE, Oct 11- U.S. crude steadied above $91 a barrel on Thursday, as traders balanced escalating geopolitical risks with signs of weakening global oil demand. nudged up six cents to $91.31 a barrel in early Asia trading, after dropping more than a dollar the previous session.