Business Turkey

  • Stocks fell sharply because of signs of concern from Alcoa and Chevron. Alcoa said it expects a slowdown in China to lower demand for the aluminum it makes. George Gero, a vice president at RBC Global Futures, said a sell-off in gold is unlikely considering low interest rates, tension between Syria and Turkey and the ongoing European debt crisis.

  • *Turkey warns Syria about cross-border shelling. NEW YORK, Oct 10- Brent crude prices edged up on Wednesday in volatile trading, as concerns about the security of Middle East supplies amid escalating tensions over Syria helped offset fears that slowing economic growth will curb demand for petroleum.

  • ISTANBUL, Oct 10- Turkish shares hit their highest level this year on Wednesday and the lira bounced off a one-month low after Fitch said Turkey was making good progress in dealing with the financial crisis.

  • MOSCOW, Oct 10- Russian shares fell on Wednesday, underperforming emerging market peers, while the rouble was stronger, supported by higher oil prices and an auction for rouble-denominated treasury bonds. "There are almost no new money inflows," said Vadim Feldblyum, a senior client manager at BCS.

  • The United States and the European Union have imposed sanctions on Iran to deter it from pursuing a nuclear weapons program. The U.S. has pressed India to scale back its imports of Iranian crude to support those sanctions, but energy-starved India remains one of Iran's biggest oil purchasers.

  • LONDON, Oct 10- Brent crude oil eased towards $114 a barrel but stayed close to a three-week high on Wednesday as worries over the security of Middle East supplies outweighed increasing evidence of slowing global economic growth.

  • LONDON, Oct 10- Brent crude oil held above $114 a barrel and close to a three-week high on Wednesday as worries over the security of Middle East supplies outweighed increasing evidence of slowing global economic growth.

  • Oct 10- This announcement corrects the version published earlier today which incorrectly stated Arcelik's National Long-term rating. Fitch Ratings has affirmed Arcelik A.S.' s.

  • ISTANBUL, Oct 10- Ahead of its annual ratings review of Turkey, Fitch said the country was making good progress in dealing with the financial crisis, comments which helped lift the Turkish lira from an earlier 1- month low.

  • ISTANBUL, Oct 10- Turkey's Enerjisa and India's Tata Power were among 13 groups pre-qualified in the privatisation of Gediz EDAS, the power distributor in the western cities of Izmir and Manisa, Turkey's privatisation agency said on Wednesday.

  • *NATO says plans in place to defend Turkey from Syria. LONDON, Oct 10- Brent crude oil fell towards $114 a barrel but remained close to a three-week high on Wednesday, as worries over the security of Middle East supplies outweighed increasing evidence of slowing global economic growth.

  • *NATO says plans in place to defend Turkey from Syria. LONDON, Oct 10- Brent crude oil rose above $114 a barrel on Wednesday as worries over the security of Middle East supplies outweighed increasing evidence of slowing global economic growth.

  • NEW DELHI-- As Western sanctions squeeze Iran and its currency tumbles, the country's energy minister worked Wednesday to woo Indian businesses to invest in the beleaguered Iranian economy. The United States and the European Union have imposed sanctions on Iran to deter it from pursuing a nuclear weapons program.

  • *Russian stocks fall as risk appetite wanes. MOSCOW, Oct 10- Russian shares fell in early trading on Wednesday, following emerging market peers and bruised by rising risk aversion globally, while the rouble was steady, supported by higher oil prices. At 0857 GMT the rouble-denominated MICEX index.

  • *Euro STOXX 50 down 0.5 pct, FTSE, DAX, CAC down. *U.S. stocks fell 1 pct, Intel off 2.7 pct after downgrades. LONDON, Oct 10- European shares fell for the third day running on Wednesday and the euro came under fresh pressure along with Spanish and Italian bonds as economic anxiety was compounded by stuttering progress in the euro zone's battle against its debt crisis.

  • ISTANBUL, Oct 10- China's Huawei Technologies Co Ltd, the world's No.2 telecommunications equipment maker, plans to invest $100 million in acquisitions in Turkey next year, its Turkey General Manager Wu Congcheng said on Wednesday.

  • *NATO says plans in place to defend Turkey from Syria. SINGAPORE, Oct 10- Brent crude slipped to near $114 per barrel on Wednesday, after jumping more than 2 percent in the previous session, as worries about global economic growth muddied the outlook for demand and offset supply fears stemming from tensions in the Middle East.

  • ISTANBUL, Oct 10- Gas flow on a pipeline carrying Iranian natural gas to Turkey will resume within a week, following a blast in eastern Turkey on Monday, Turkish Energy Minister Taner Yildiz said on Wednesday. Yildiz also said that Turkey had avoided supply problems after daily supplies from Russia were increased.

  • *Weak economic outlook, stronger dollar depress oil* NATO says plans in place to defend Turkey from Syria* U.S. crude stockpiles forecast to rise 1 mln bbls- poll* Coming Up: API weekly oil inventories data; 2030 GMT By Florence Tan.

  • *Weak economic outlook, stronger dollar depress oil* NATO says plans in place to defend Turkey from Syria* U.S. crude stockpiles forecast to rise 1 mln bbls- poll* Coming up: API weekly oil inventories data at 2030 GMT By Florence Tan.