Business Turkey

  • NAIROBI, Oct 10- The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Wednesday. NIGERIA- President Goodluck Jonathan is expected to deliver the 2013. KENYA- Central Bank of Kenya auctions 182- day Treasury bills.

  • By early afternoon in Europe, benchmark oil was down 28 cents to $92.11 per barrel in electronic trading on the New York Mercantile Exchange. The contract rose $3.06 on Tuesday to finish at $92.39 per barrel on concerns about supplies from the Middle East and the North Sea.

  • The yield on Turkey's two-year benchmark bond. A reduction in natural gas exports from Iran would not have much impact on world energy markets, but could hurt Turkey and part of Azerbaijan, according to a U.S. report due to be released on Tuesday.

  • *NATO says plans in place to defend Turkey from Syria. SINGAPORE, Oct 10- Brent crude slipped near $114 on Wednesday after a jump of 2 percent the previous day, with a cloudy economic outlook offsetting fears about disruptions to Middle East oil supply as a conflict between Turkey and Syria escalated.

  • *Turkey warns Syria about cross-border shelling. Shelling along the Turkey- Syria border, hostility between Iran and the West and an impending Israeli election have reinforced fears about potential threats to oil supplies from the Middle East Gulf.

  • *NATO says plans in place to defend Turkey from Syria. SINGAPORE, Oct 10- Brent crude slipped below $114 on Wednesday after a 2 percent jump the previous day, with a cloudy economic outlook offsetting fears about disruptions to Middle East oil supply as a conflict between Turkey and Syria escalated.

  • *Asian shares fell on Wednesday, led by losses in technology and materials stocks after brokerage downgrades for top chip maker Intel Corp. *Oil prices jumped on Tuesday, snapping two sessions of losses, as escalating turmoil on the border of Turkey and Syria heightened concerns of a supply disruption in a tense Middle East.

  • SEOUL, Oct 10- Following is a list of events in South Korea as well as news stories and press reports that may influence financial markets. *Global equities and the euro fell on Tuesday on concerns over the U.S. earnings outlook and a stark warning from the IMF about global growth, while oil jumped on escalating tensions in the Middle East.

  • By Robert Gibbons and Matthew Robinson. NEW YORK, Oct 9- Oil prices jumped on Tuesday, snapping two sessions of losses, as escalating turmoil on the border of Turkey and Syria heightened concerns of a supply disruption in a tense Middle East. He later told reporters that the OPEC powerhouse would prefer to see oil prices closer to $100 a barrel.

  • NEW YORK-- The price of gold fell more than $10 an ounce Tuesday after the International Monetary Fund cut its forecast for world economic growth. Gold for December delivery fell $10.70 an ounce to close at $1,765. December silver fell 3.2 cents per ounce to $33.985, and January platinum lost $3.50 to close at $1,695.30 per ounce.

  • BRUSSELS, Oct 9- NATO has plans in place to defend Turkey against attack from Syria, and will aim to provide assistance if Ankara asks for it, senior officials said on Tuesday. NATO ambassadors threw their support behind Turkey in an emergency meeting last week after Syrian shells struck a border town in Turkey killing five civilians.

  • NEW YORK, Oct 9- Oil prices jumped on Tuesday, snapping a string of two lower settlements, as the threat of supply disruption in a tense Middle East countered concerns about slower growth and resulting sluggish demand for oil.

  • *Congress considering broader sanctions on Iran. WASHINGTON, Oct 9- A reduction in natural gas exports from Iran would not have much impact on world energy markets, but could hurt Turkey and part of Azerbaijan, according to a U.S. report due to be released on Tuesday.

  • NEW YORK, Oct 9- Oil prices rose more than 1 percent on Tuesday, after two sessions with lower settlements, as the threat of supply disruption in a tense Middle East countered concerns about slower growth and resulting sluggish demand for oil.

  • BAKU, Oct 9- BP-Azerbaijan said gas flows from Azeri Shah Deniz fields to Turkey were resumed on Tuesday after the supplies were halted last week amid reports of a pipeline blast. "On Tuesday, Turkey started to receive gas from Shah Deniz field again following a maintenance completion," a spokeswoman for BP-Azerbaijan told Reuters.

  • Turkey's government meanwhile cut its growth forecast for 2012 on Tuesday to 3.2 percent from 4 percent, and its 2013 projection to 4 percent from 5 percent. The yield on Turkey's two-year benchmark bond. Turkey's main share index closed up 0.93 percent 68,062 points, outperforming a 0.01 percent fall in the emerging markets index.

  • By Ayla Jean Yackley and Evrim Ergin ISTANBUL, Oct 9- Turkish group Akfen Holding. may bid for Istanbul's natural gas distribution network Igdas, which is slated for privatisation this year, along with a raft of other energy and transportation businesses that could go up for sale, Chief Executive Suha Gucsav said on Tuesday.

  • LONDON, Oct 9- Oil rose over $113 a barrel on Tuesday after two days of losses, with tensions in the Middle East and the risk of supply disruptions outweighing concerns about sluggish global demand.

  • Oct 09- Fitch Ratings has maintained Ankara- based construction company Yuksel Insaat A.S.' s. Fitch has also maintained YI's USD200m outstanding notes maturing in 2015' B-' rating at Recovery Rating of' RR4' on RWN.

  • *Fifteen firms, consortium bid for Cyprus offshore blocks. NICOSIA, Oct 9- Cyprus is close to short-listing companies bidding for offshore oil and gas contracts in the energy-rich east Mediterranean, officials said on Tuesday.