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Business Turkey

  • DUBAI, Nov 6- Credit Suisse Group has set up an asset management venture with key shareholder and sovereign wealth fund arm Qatar Holding, the Swiss banking group said on Tuesday.

  • ISTANBUL, Nov 5- Turkey regained its investment grade credit rating on Monday after an 18 year gap, endorsing an economic transformation achieved in the past decade under Prime Minister Tayyip Erdogan.

  • LONDON- A U.S. fine for anti-money laundering rule breaches could cost HSBC significantly more than $1.5 billion and is likely to lead to criminal charges, Europe's biggest bank says. ( HSBC/, expect 1715 GMT/ 12.15 PM ET, by Steve Slater and Matt Scuffham, 870 words).

  • ISTANBUL, Nov 5- Fitch Ratings upgraded Turkey to investment grade on Monday, a move long coveted by Ankara, citing underlying strengths and an easing in near-term risks for the economy. The upgrade, Turkey's first investment grade rating since 1994, triggered a rally in financial markets.

  • ISTANBUL, Nov 5- Fitch Ratings upgraded Turkey to investment grade on Monday, a move long coveted by Ankara, citing underlying strengths and an easing in near-term risks for the economy.

  • ANKARA, Nov 5- Turkey's annual inflation rate slowed sharply to 7.8 percent in October as monthly price increases were less than expected despite energy price hikes, giving the central bank room to keep easing policy. Ratings agency Fitch said on Monday that Turkey's economy was heading for a soft landing as it upgraded the country to investment grade status.

  • Aussie Jumps, Euro Lifts, Korea Cuts

    The dollar gets a safe-haven lift and the Turkey reaches investment grade — it's time for your FX Fix.

  • LOS ANGELES, Nov 4- ``Wreck-It Ralph,'' Disney's animated film about a videogame character who destroys everything in his path, scored the highest-grossing opening weekend in Disney animation history with $49.1 million, as box office attendance picked up in the aftermath of superstorm Sandy.

  • LONDON, Nov 2- Gold prices fell to their lowest level since late August on Friday, sliding more than 1 percent as the dollar jumped after better-than-expected U.S. jobs data in the last major signal on the state of the economy before elections next Tuesday. Spot gold was down 1.8 percent at $1,684.36 at 1509 GMT, having earlier hit an eight-week low of $1,682.89.

  • LONDON, Nov 2- Gold slid to an eight-week low on Friday as the dollar jumped after data showing higher-than-expected U.S. job creation, the last major signal on the state of the world's largest economy before elections next Tuesday. Spot gold was at $1,695.65 at 1325 GMT, down 1.42 percent, having touched an eight-week low of $1,692.19 after the data.

  • *AngloGold Ashanti suspends operations at S. African mine. Spot gold was at $1,709.26 at 1102 GMT, down 0.63 percent, while U.S. gold futures for December fell $5.80 to $1,709.70. ``The stronger dollar is bringing down a number of markets including gold,'' Standard Chartered analyst Daniel Smith said.

  • BERLIN- German Chancellor Angela Merkel meets Irish Prime Minister Enda Kenny. TOKYO- Norwegian Prime Minister Jens Stoltenberg visits Japan and meets with Prime Minister Yoshihiko Noda. **BAMAKO/ DAKAR- German Foreign Minister Guido Westerwelle visits Mali and Senegal.

  • HERZLIYA, Israel, Oct 30- Lockheed Martin Corp said on Tuesday that it was making progress on resolving technical issues facing the cutting-edge helmet being developed for use by F-35 fighter pilots, and it cited positive initial reports from night flight tests of the system.

  • JERUSALEM-- Israel's Justice Ministry has indicted the former chairman of a major bank on charges including aggravated fraud and money laundering. The suspicions against Danny Dankner, who served as chairman of Bank Hapoalim between 2007 and 2009, center on the lender's dealings with Turkey's BankPozitif.

  • Bassinets that pose a suffocation hazard to infants because of a faulty locking mechanism and booster seats that can fail to lock are among the consumer products recalled this week. DETAILS: Eddie Bauer Rocking Wood Bassinets made by Dorel Juvenile Group. " They were sold from December 2007 through January 2011.

  • MOSCOW, Oct 25- The Kremlin on Thursday dismissed talk that Russian President Vladimir Putin has a back problem that prompted him to postpone foreign visits and might require surgery. Putin, who began a six-year presidential term in May and turned 60 on Oct. 7, was seen to be limping at an Asia-Pacific summit in the Pacific port of Vladivostok in early September.

  • MOSCOW, Oct 25- The Kremlin on Thursday dismissed talk that Russian President Vladimir Putin has a back problem that prompted him to postpone foreign visits and might require surgery. Putin, who began a six-year presidential term in May and turned 60 on Oct. 7, was seen to be limping at an Asia-Pacific summit in the Pacific port of Vladivostok in early September.

  • MOSCOW, Oct 25- The Kremlin on Thursday dismissed talk that Russian President Vladimir Putin has a back problem that prompted him to postpone foreign visits and might require surgery. Putin, who began a six-year presidential term in May and turned 60 on Oct. 7, was seen to be limping at an Asia-Pacific summit in the Pacific port of Vladivostok in early September.

  • *Ford to move Southampton production to Turkey. LONDON/ DETROIT, Oct 25- Ford motor Co unleashed a second volley of European job cuts and plant closures on Thursday in a bid to halt regional losses that the automaker now expects to surpass $3 billion over two years.

  • *Adjusted loss 5 cents/ share vs Street view loss 7 cents. Oct 25- Fashion company Fifth& Pacific Cos Inc on Thursday said sales at its struggling Juicy Couture brand are improving so far this quarter and gave an encouraging holiday sales forecast for all three of its major brands, sending its shares up 11.4 percent.