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Business Turkey

  • ANKARA, Oct 9- Turkey expects its exports to grow to $187.1 billion by 2015 from $149.5 billion this year, Deputy Prime Minister Ali Babacan said on Tuesday, announcing the government's medium-term programme for 2012-2015..

  • ISTANBUL, Oct 9- The Turkish government expects the current account deficit to falling from 7.3 percent of GDP this year to 7.1 percent in 2013, 6.9 percent in 2014 and 6.5 percent in 2015, Deputy Prime Minister Ali Babacan said, unveiling the government's medium-term economic programme on Tuesday.

  • LONDON, Oct 9- A warning about the global growth from the IMF sent European shares lower for a second day on Tuesday despite a move by China to support its flagging economy, while escalating tensions between Turkey and Syria in the Middle East sent oil higher.

  • ANKARA, Oct 9- Turkey's economy is expected to grow 3.2 percent this year, below a previous forecast of 4 percent, before growing 4 percent next year, Deputy Prime Minister Ali Babacan said on Tuesday.

  • ISTANBUL, Oct 9- Turkish assets were steady on Tuesday as investors awaited the announcement of the government's medium-term programme, expected to include its forecasts for the next three years for everything from unemployment to tourism revenues.

  • ISTANBUL, Oct 9- Turkish industrial production fell 1.5 percent year-on-year in August, data from the Turkish Statistics Institute showed on Tuesday, below a Reuters poll forecast for 2.5 percent growth.

  • Turkish President Abdullah Gul said on Monday that the worst case scenarios between his country and Syria are now playing out, fuelling concerns that the 18- month old conflict in Syria may spread to other countries in the region.

  • SOFIA, Oct 9- These are some of the main stories in Bulgarian newspapers on Tuesday. -Prime Minister Boiko Borisov call on Nabucco Committee to support financially Bulgaria if it wants the interconnection between Bulgaria and Turkey to be constructed before 2018.

  • MOSCOW, Oct 9- Here are events and news stories that could move Russian markets on Tuesday. MOSCOW- Russian Prime Minister Dmitry Medvedev will meet his Iraqi counterpart Nuri al-Maliki. MOSCOW- Russia's second-biggest mobile phone operator MegaFon is expected to start pre-marketing its London initial public offering.

  • Oil prices appeared set for a modest rebound Tuesday after three days of losses, rising nearer to $90 a barrel on supply concerns due to the Syrian conflict and delays in shipments of North Sea oil. By early afternoon in Europe, benchmark crude for November delivery was up 50 cents to $89.83 a barrel in electronic trading on the New York Mercantile Exchange.

  • The state Statistics Institute releases data on August's industrial output at 0700 GMT. Turkey's biggest listed won approval for a 10- year debt issue for foreign investors, according to a filing late on Monday to the stock exchange. Barclay's starts Isbank, Akbank and Garanti, Turkey's three biggest lenders, with an "overweight" rating, according to a report.

  • PARIS, Oct 9- European stocks are set to inch higher on Tuesday, halting the previous session's sell-off as expectations mount of further stimulus measures from China, although gains could be limited by broad worries over global growth and on whether or not Spain will request a bailout. ,for Germany's DAX and for France's CAC were up 0.2-0.5 percent.

  • TOKYO, Oct 9- Asian shares rose on Tuesday but gains were moderated by concerns over global growth prospects, especially in the world's second-biggest economy China, and expected weak U.S. corporate earnings. The MSCI index of Asia-Pacific shares outside Japan. added 0.5 percent, pulled higher by Hong Kong and China shares which rose 1.1 percent.

  • Turkish President Abdullah Gul said on Monday that the worst case scenarios between his country and Syria are now playing out, fuelling concerns that the 18- month old conflict in Syria may spread to other countries in the region.

  • NEW YORK-- The price of oil rose more than 3 percent Tuesday on concerns about supplies from the Middle East and the North Sea. Benchmark crude gained $3.06, or 3.4 percent, to finish at $92.39 a barrel in New York. There is also concern that tensions between Turkey and Syria could escalate and disrupt supplies from the Middle East.

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

  • Turkish President Abdullah Gul said on Monday that the worst case scenarios between his country and Syria are now playing out, fuelling concerns that the 18- month old conflict in Syria may spread to other countries in the region.

  • BANGKOK, Oct 9- Following is some company-related and market news which could have an impact on the local market. SE ASIA STOCKS-Most retreat amid global concerns; Jakarta off record STOCKS TO WATCH-- POLYPLEX PCL.

  • rose 38 cents to $89.71 a barrel in early Asia trading, after dropping 55 cents the previous session. *Turkish President Abdullah Gul said on Monday the "worst-case scenarios" were now playing out in Syria and Turkey would do everything necessary to protect itself, as its army fired back for a sixth day after a shell from Syria flew over the border.

  • 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.