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  • RIYADH, Oct 8- Saudi Electricity Co has approved the awarding of a 11.96 billion-riyal contract to build a 2.7- gigawatt power plant in south Jeddah to an unidentified bidder, it said on Monday. Last month, Reuters reported that South Korean group Hyundai Heavy Industries was the low bidder on the project, citing industry sources.

  • ISTANBUL, Oct 8- Turkish Central Bank Governor Erdem Basci said on Monday that banks' annual loan growth at the end of 2012 is seen at 14 percent. Turkish loan growth slowed from 34 percent in 2010 to 29.5 percent last year after a year of unorthodox monetary policy by the central bank aimed at preventing overheating.

  • Lavrov speaks to the Association of European Business in Russia on EU-Russia relations in the context of Russian WTO membership and Eurasian integration processes. Crown Princess Mary of Denmark visits St. Petersburg.

  • Wall Street stocks dipped late on Friday as an unexpected drop in the U.S. unemployment rate was overshadowed by concerns about the earnings season, which kicks off with Alcoa Inc on Tuesday, and S&P 500 futures traded in Asia eased on Monday.

  • *World Bank says China economic slowdown could get worse. *Turkey retaliates against Syria bombing for 5th day By Florence Tan.

  • *World Bank says China economic slowdown could get worse. *Turkey retaliates against Syria bombing for 5th day By Florence Tan.

  • SINGAPORE, Oct 8- U.S. crude eased towards $89 a barrel on Monday, as concerns over the global economy and Europe's debt crisis offset support from an unexpected drop in U.S. unemployment.

  • LOS ANGELES, Oct 7- Liam Neeson thriller "Taken 2" captured the No. 1 spot on movie box office charts over the weekend with a brawny $50 million take from theaters in the United States and Canada.

  • The sequel starring Liam Neeson as a former CIA agent who gets captured in Istanbul pushed last weekend's winner, family flick " Hotel Transylvania," to second place. "Taken 2" was released by 20th Century Fox, a unit of News Corp. Sony Corp's movie studio distributed " Hotel Transylvania."

  • DUBAI, Oct 7- Iran's parliament voted on Sunday to consider suspending plans for further reform of the country's food and fuel subsidies, with legislators citing economic pain caused by the plunge of the rial currency.

  • KUWAIT, Oct 6- Burgan Bank said on Saturday it had received approval from the Kuwaiti central bank for its planned purchase of Eurobank's Turkish arm. It will acquire 70 percent of the lender from Tekfen's Greek partner EFG Eurobank in a $355 million deal, while the remaining 29.26 percent stake will come from Tekfen Holding for an unknown sum.

  • ATHENS, Oct 5- National Bank of Greece made a share-swap offer to buy all of rival Eurobank and create the country's biggest lender, it said on Friday, the latest move in efforts to consolidate the Greek banking industry.

  • A big drop in the unemployment rate wasn't enough for investors Friday. The Labor Department said the unemployment rate had declined to 7.8 percent, its first dip below 8 percent in nearly four years. The drop to 7.8 percent in the unemployment rate "really is not a big game-changer," said Peter Cardillo, chief market economist at Rockwell Global Capital. "

  • By George Georgiopoulos and Lefteris Papadimas. ATHENS, Oct 5- National Bank of Greece and Eurobank are in merger talks to create the country's biggest lender, banking sources said on Friday, the latest move in efforts to consolidate the Greek banking industry.

  • *Shares in Akbank rise* Bonds flat. ISTANBUL, Oct 5- The Turkish lira firmed on Friday, a day after hitting its weakest level since mid-September following attacks on the Syrian border, while Akbank shares rose on bullish expectations for the bank's second-half performance.

  • Eight of the 10 industry groups in the S&P 500 rose, led by a 1.1 percent gain for materials stocks. "We're in rally mode, so slightly positive numbers will do nothing to hinder that," said Ralph Fogel, investment strategist and partner at Fogel Neale Partners in New York. The Labor Department also said employers added 114,000 jobs to their payrolls last month.

  • ISTANBUL, Oct 5- Turkish brewer Anadolu Efes. said on Friday the company decided to mandate its management to issue bonds worth up to $500 million with maturities between five and 10 years. The company said in a statement to the Istanbul Stock Exchange that the bonds could be dollar, euro or lira denominated.

  • *Merger would form Greece's biggest lender* Shares suspended pending announcements* NBG, Eurobank hold board meetings By George Georgiopoulos and Lefteris Papadimas.

  • *Turkey- Syria violence stokes supply concern. LONDON, Oct 5- Oil held above $112 per barrel on Friday after figures showed fewer people out of work in the United States, the world's biggest oil consumer.

  • *Turkey- Syria violence stokes supply concern. LONDON, Oct 5- Oil held above $112 per barrel on Friday after figures showed fewer people out of work in the United States, the world's biggest oil consumer.