Business Turkey

  • CAIRO-- Syria's wealthy, long cultivated by President Bashar Assad as a support for his regime, are seeing their businesses pummeled by the bloody civil war. Assad may not have lost the backing of Syria's business elite, but some are losing faith.

  • AMSTERDAM-- Thieves broke into a Rotterdam museum on Tuesday and walked off with works from the likes of Picasso, Monet, Gauguin and Matisse potentially worth hundreds of millions. "Those thieves got one hell of a haul," said Chris Marinello, who directs the Art Loss Register.

  • AMSTERDAM-- Seven paintings by artists including Pablo Picasso and Claude Monet were stolen from a museum in Rotterdam in an early-hours heist, Dutch police said Tuesday.

  • BATUMI, Georgia-- Georgia's Black Sea resort of Batumi was once a bleak site: Roads were dotted with potholes, the city was pitch dark at night, running water was scarce and the city's best hotel was infested with rats.

  • BAKU, Azerbaijan-- Azerbaijan's top energy official urged further scrutiny of the international consortium developing the Caspian Sea nation's main oil field amid mounting irritation at a slump in output.

  • By afternoon in Europe, benchmark oil for November delivery was down 11 cents to $91.75 a barrel in electronic trading on the New York Mercantile Exchange. Benchmark oil fell 21 cents Friday to settle at $91.86 per barrel on the Nymex. Brent crude, which is used to price international varieties of oil, added 57 cents to $115.19 per barrel in London.

  • ANKARA, Turkey-- Passengers, some in a panic, were evacuated from a plane at Turkey's Antalya airport early Sunday after crew members reported smoke inside the cockpit, airline officials and state media said.

  • ANKARA, Turkey-- Turkey's state-run news agency says passengers, some in a panic, were evacuated from a plane at the Antalya airport after reports of a cockpit fire. The Anadolu Agency says the crew detected smoke on the Trondheim, Norway- bound plane as it readied for take-off early Sunday.

  • *Turkey- Syria tensions, lower N. Sea output support. Expectations of a looser market weighed on prices after a report by the International Energy Agency's forecast higher supplies and declining oil consumption after concerns about North Sea oil supplies and Middle East tensions supported Brent for most of the week.

  • AG DRAIN: Wheat prices fell 3.3 percent as weekend storms are expected to deliver much-needed moisture to fields in part of the growing region. SLUGGISH OIL: Oil prices fell after the International Energy Agency predicted a slower pace of growth in demand over the next five years.

  • Wheat for December delivery fell 29.25 cents to finish at $8.5675 per bushel. The weekend rains are expected to help winter wheat crops that have been plagued by dry weather in western Kansas, western Nebraska and eastern Colorado.

  • BRUSSELS, Oct 12- The European Union provisionally approved new economic sanctions against Iran over its nuclear programme on Friday, with senior diplomats giving their backing to measures against Tehran's banking sector, industry and shipping.

  • *Turkey- Syria tensions, lower N. Sea output support. The International Energy Agency's prediction of a further decline in oil consumption and higher supplies weighed on oil prices that have received support from slowed North Sea production and fears of potential supply disruptions from the Middle East.

  • *Turkey- Syria tensions, lower N. Sea output support. Brent and U.S. crude remained on track to post weekly gains of around 2 percent, as the turmoil in the Middle East, especially in Syria, continues to intensify.

  • Benchmark oil fell 21 cents Friday to $91.86 per barrel in New York. On Friday, the International Energy Agency issued a new report predicting slower growth in demand for oil over the next five years. Friday's decline in the price of oil eroded some of the gains from earlier this week, when tensions between Syria and Turkey raised worries about supplies.

  • ISTANBUL, Oct 12- Hopes that Turkey's credit ratings will be raised to investment grade buoyed local assets on Friday although a central bank warning that inflation is set to remain above target dampened some investor enthusiasm.

  • ISTANBUL, Oct 12- Turkish petrochemicals maker Petkim has begun talks with the state oil company of Azerbaijan about construction of a coal-powered steam generation plant, Petkim said in a statement on Friday.

  • By Maya Dyakina and Zlata Garasyuta. MOSCOW, Oct 12- Russian stocks ended the week in the red with miners pressured by concerns over the global economic outlook and as investors stocked up with cash ahead of public share offerings. Metal and mining companies were in the firing line, with Novolipetsk Steel.

  • LONDON, Oct 12- Asian spot prices of liquefied natural gas steadied this week amid early signs that potential supply disruption from Nigeria and Indonesia may offset weak Japanese demand.

  • LONDON, Oct 12- Oil fell towards $115 a barrel on Friday, as a prediction of a further decline in oil consumption and higher supplies offset concerns about potential output disruptions in the Middle East.