Business Turkey

  • ISTANBUL, Oct 3- Turkey's largest state lender Ziraat Bank said on Wednesday it had applied to the Capital Markets Board and Istanbul Stock Exchange to issue a 500 million lira 179- day bill with an additional option of 300 million lira.

  • ISTANBUL, Oct 3- Turkish bond yields were steady on Wednesday and the lira weakened after a food price-fuelled rise in September inflation failed to dent expectations of more easing of monetary policy.

  • ANKARA, Oct 3- Food prices drove Turkish inflation higher in line with forecasts in September, a supply side shock to prices that the central bank has so far put aside in easing monetary policy.

  • ANKARA, Oct 3- Turkish inflation rose broadly in line with forecasts in September, data showed on Wednesday, and was not seen affecting expectations that the central bank will continue to ease monetary policy.

  • ANKARA, Oct 3- The Turkish Statistics Institute published the following data on September inflation on Wednesday: TURKISH PRICES SEPT 12 AUG 12 SEPT 11 Consumer m/m 1.03 0.56 0.75 Consumer y/y 9.19 8.88 6.15 Consumer index 207.55 205.43 190.09 Producer m/m 1.03 0.26 1.55 Producer y/y 4.03 4.56 12.15 Producer index 205.75 203.65 197.77.

  • ANKARA, Oct 3- Turkey's consumer price index rose 1.03 percent month-on-month in September, compared with a Reuters poll forecast of a 1.10 percent rise, for a year-on-year increase of 9.19 percent, the Turkish Statistics Institute said on Wednesday.

  • ISTANBUL, Oct 3- Here are news, reports and events that may affect Turkish financial markets on Wednesday. The main share index closed 1.11 percent up at 67,498 points, largely outperforming a rise of 0.2 percent in the MSCI emerging markets index.

  • *Turkey criticised over web restrictions. ANKARA, Oct 2- Turkey said on Tuesday it had won a long-running battle to persuade the video-sharing website YouTube to operate under a Turkish web domain, giving Ankara a tighter rein over the site's content and requiring the firm to pay Turkish taxes.

  • ISTANBUL, Oct 2- Turkey's inflation-linked bond yields eased on Tuesday after the central bank said at a meeting with bankers that tax hikes would lead it to revise up its year-end inflation forecast. Turkey's state energy company, Botas, raised natural gas prices for consumers on Monday by 9.8 percent.

  • *Turkey criticised over web restrictions. ANKARA, Oct 2- Turkey said on Tuesday it had won a long-running battle to persuade the video-sharing website YouTube to operate under a Turkish web domain, giving Ankara a tighter rein over the site's content and requiring the firm to pay Turkish taxes.

  • ISTANBUL, Oct 2- Turkish industrial group Yildirim Holding is buying a majority stake in lender Isbank's. Gemport said on Tuesday Yilport, a unit of Yildirim Holding, had signed an agreement to buy a 54 percent stake in Gemport from Isbank.

  • At the same time, the agency has downgraded Denizbank's Long-term local currency IDR to' BBB-' from' BBB'. The rating actions follow the announcement on 28 September 2012 by Belgian-based bank Dexia that it has completed the sale of a 99.85% stake in Denizbank to Russia's Sberbank.

  • ISTANBUL, Oct 2- Turkey's Isbank unit G emport Gemlik Liman said an agreement had been signed t o sell a 54 percent stake in Gemport to Yilport, a unit of Yi ldirim Hol ding, which has interests from shipping to energy.

  • STOCKHOLM, Oct 2- Syria's civil war has made Friday afternoons a busy time at Bambuser, a tiny Swedish IT startup in an old bicycle factory which streams live video from the latest uprisings.

  • ISTANBUL, Oct 2- Turkey will issue a lira-denominated sukuk worth up to 1.62 billion lira on Wednesday, the treasury said, the government's second issue of an Islamic bond as it diversifies its sources of financing.

  • ISTANBUL, Oct 2- The Turkish lira was slightly weaker and bond yields were steady on Tuesday as investors geared up for data expected to show local inflation spiked last month due to higher global energy prices. By 0753 GMT, the lira stood at 1.7925 against the dollar, slightly weaker than 1.7911 late on Monday. The yield on Turkey's two-year benchmark bond.

  • *Stake valued at $350- 400 mln- analyst. ISTANBUL, Oct 2- Turkish army pension fund Oyak has agreed to buy Isbank's port unit Gemlik Liman, a source familiar with the matter told Reuters on Tuesday, in a deal which an analyst estimated was worth $350- 400 million.

  • ISTANBUL, Oct 2- Turkish army pension fund Oyak has agreed to buy Isbank's port unit Gemlik Liman, a company source told Reuters on Tuesday.

  • -Bulgaria will not hold talks with U.S.-registered Global Power Consortium for the possible sale of its abandoned Belene nuclear project until a referendum on the fate of the plant is carried out, Prime Minister Boiko Borisov said.

  • The yield on Turkey's two-year benchmark bond. Markets in China, Hong Kong and India are closed for holidays on Tuesday. Turkey's Isbank said it signed an agreement to sell its 54 percent stake in Gemlik Liman, a port located near Istanbul.