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Business Turkey

  • 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.

  • In Europe, the FTSE 100 index of leading British shares was up 0.7 percent at 5,871 while Germany's DAX rose 1.2 percent to 7,397. The CAC-40 in France was 1.6 percent higher at 3,457.. The benchmark New York rate was $2.41 lower at $89.31 a barrel.

  • *Turkey- Syria violence stokes supply concern. LONDON, Oct 5- Oil steadied above $112 per barrel on Friday after figures showed fewer people out of work in the United States, the world's biggest oil consumer. Brent futures was up a cent at $112.59 by 1242 GMT, having fallen over $1 a barrel in earlier trade to $111.48.

  • *Turkey- Syria violence stokes supply concern. LONDON, Oct 5- Oil slid to around $112 per barrel on Friday as investors awaited data that is expected to show U.S. unemployment is on the rise, reinforcing concern that a fragile global economic recovery is still under threat. Brent futures fell more than $1 a barrel and by 1156 GMT were trading at $112.10, down 48 cents.

  • ATHENS, Oct 5- Two of Greece's biggest banks, National and Eurobank, are in merger talks to create the country's biggest lender, banking sources said on Friday.

  • LONDON, Oct 5- South Africa's rand plunged 2 percent on Friday to just shy of a three-year low against the dollar as labour unrest swept the country, while Turkish assets stabilised after the previous day's sell-off caused by political concerns.

  • *FinMin signals higher taxes on the wealthy. ANKARA, Oct 5- Turkey plans to impose higher taxes on the rich to try to narrow its budget deficit, Finance Minister Mehmet Simsek said on Friday after officials announced Ankara would miss its budget deficit target this year by one percentage point.

  • ISTANBUL, Oct 5- Major Turkish lender Isbank. said on Friday it had signed two loan deals with the Japan Bank for International Cooperation worth a total $300 million.

  • *Turkey- Syria conflict stokes supply concern. LONDON, Oct 5- Oil slid below $112 per barrel on Friday as investors awaited data that is expected to show U.S. unemployment is on the rise, reinforcing concern that a fragile global economic recovery is still under threat. Brent futures fell more than $1 a barrel and by 0947 GMT were trading at $111.93- down 65 cents.

  • LONDON, Oct 5- South Africa's rand plunged 2 percent on Friday to just shy of a three-year low against the dollar as labour unrest swept the country, while Turkish assets stabilised after the previous day's sell-off caused by political concerns.

  • In Europe, the FTSE 100 index of leading British shares was up 0.3 percent at 5,846 while Germany's DAX rose 0.5 percent to 7,342. The CAC-40 in France was 0.7 percent higher at 3,427.. The price of oil was steady after advancing in the wake of concerns of rising tensions between Turkey and Syria _ the benchmark New York rate was 74 cents lower at $90.95 a barrel.

  • ANKARA, Oct 5- Turkey's Finance Minister Mehmet Simsek said on Friday that the government has launched an initiative to impose higher taxes on wealthy people.

  • ANKARA, Oct 5- Turkish Finance Minister Mehmet Simsek said on Friday that Turkey aimed to complete a secondary public offering of state owned lender Halkbank this year or in 2013..

  • *Turkish assets flat after sell-off on Syria tensions. ISTANBUL, Oct 5- Turkish shares and currency steadied on Friday, a day after hitting their lowest levels in recent weeks due to tensions with Syria, while state lender Halkbank shares edged up on news a public offering would be completed within a year.