Business News Turkey

  • BEIJING, Feb 22- Saudi Crown Prince Mohammed bin Salman cemented a $10 billion deal for a refining and petrochemical complex in China on Friday, meeting Chinese President Xi Jinping who urged joint efforts to counter extremism and terror. Saudi Arabia signed 35 economic cooperation agreements with China worth a total of $28 billion at a joint investment forum...

  • BEIJING, Feb 22- Saudi Crown Prince Mohammed bin Salman cemented a $10 billion deal for a refining and petrochemical complex in China on Friday, meeting Chinese President Xi Jinping who urged joint efforts to counter extremism and terror. Saudi Arabia signed 35 economic cooperation agreements with China worth a total of $28 billion at a joint investment forum...

  • Feb 22- Emerging market stocks rose on Friday, on track to post weekly gains as investor sentiment buoyed mostly on trade talk progress between the United States and China, but data reflecting a deteriorating global economy kept gains in check. The week saw optimism from U.S.- China trade talks, with reports suggesting that negotiators haggled on Thursday over...

  • BOGOTA- Bank of Colombia holds meeting of board of directors. TUESDAY, FEBRUARY 26 MANAMA- Bahrain Finance Minister Shaikh Salman bin Khalifa Al Khalifa, Bahrain Central Bank Governor Rasheed Mohammed Al Maraj, senior bankers and CEOs of major corporates and banks, will participate at the Euromoney GCC Financial Forum 2019. BUDAPEST- The National Bank of...

  • WASHINGTON, Feb 21- The U.S. Commerce Department said on Thursday it had made a final determination that imports of large diameter welded pipe from Canada, Greece, South Korea and Turkey are being dumped in the U.S. market, paving the way for the imposition of tariffs. The department, which said South Korea and Turkey were also subsidizing their exports, said Canada...

  • *China shares falter, Beijing to not cut rates to spur growth. The MSCI index of emerging market shares rose 0.25 percent and touched a three week high, after Reuters reported the United States and China are drawing up six memorandums of understanding on structural issues. Russia and Turkey made muted gains, while South Africa turned lower.

  • LONDON, Feb 21- BAE Systems said German moves to block exports to Saudi Arabia could hit its major deals with the Kingdom, weighing on Britain's biggest defense company's financial performance and relationships. BAE said it was reliant on the approval of export licenses by a number of governments in order to continue supplies to Saudi Arabia.

  • Germany has attempted to halt weapons exports to Saudi Arabia in the wake of the killing of Saudi journalist Jamal Khashoggi in the Saudi consulate in Istanbul on Oct. 2, but Britain has urged Germany to exempt big defence projects or face damage to its commercial credibility. On Wednesday, German Foreign Minister Heiko Maas said that future decisions on...

  • *Spot gold had gained 0.1 percent to $1,339.99 per ounce by 0054 GMT, having touched $1,346.73 per ounce in the previous session, its highest level since April 20. *Trump on Wednesday said the United States would impose tariffs on European car imports if it cannot reach a trade deal with the European Union. *British Prime Minister Theresa May held "constructive"...

  • BERLIN, Feb 20- Germany is sticking to its weapons exports freeze to Saudi Arabia, the government said on Wednesday, resisting pressure to soften its stance after criticism from Britain and defence firms, including Airbus, who argue it is hurting commerce. Germany said in November it would reject future arms export licences to Riyadh over the killing of Saudi...

  • BERLIN, Feb 20- Germany is sticking to its weapons exports freeze to Saudi Arabia, the government said on Wednesday, resisting pressure to soften its stance after criticism from Britain and defense firms, including Airbus, who argue it is hurting commerce. Germany said in November it would reject future arms export licenses to Riyadh over the killing of Saudi...

  • NEW DELHI, Feb 20- Saudi Arabia's Crown Prince Mohammed bin Salman said on Wednesday he expected investment opportunities worth more than $100 billion in India over the next two years as he began his first official visit amid tensions between arch foes India and Pakistan. India rolled out the red carpet for the crown prince as it seeks diplomatic support...

  • NEW DELHI, Feb 20- Saudi Arabia's Crown Prince Mohammed bin Salman said on Wednesday he saw investment opportunities of more than $100 billion in India over the next two years as he began his first official visit amid tensions between arch foes India and Pakistan. India rolled out the red carpet for the crown prince as it seeks diplomatic support against...

  • Feb 20- Emerging market stocks jumped on Wednesday encouraged by some progress in China- U.S. trade talks, while currencies firmed as minutes of the last U.S. President Donald Trump on Tuesday said that trade talks with China were going well and suggested he was open to pushing off the deadline to complete negotiations. Stocks across Asia were well in the black,...

  • TOKYO, Feb 20- Japan's Nikkei closed at another nine-week high on Wednesday, as hopes for U.S.- China trade talks helped lift cyclical stocks such as autos and index-heavyweights including SoftBank Group. The gain came despite Japan's exports suffering their biggest drop in more than two years in January, as China shipments tumbled and orders for machinery...

  • TOKYO, Feb 20- Japan's Nikkei rose to more than two-month highs on Wednesday morning, as progress in U.S.- China trade talks helped lift cyclical stocks such as autos and electronic equipment firms. The optimism comes despite Japan's exports in January posting their biggest decline in more than two years as China shipments tumbled and orders for its machinery...

  • WEDNESDAY, FEBRUARY 20 JOHANNESBURG, South Africa- South Africa Finance Minister Tito Mboweni to present 2019 budget to parliament- 1200 GMT KINGSTON- Bank of Jamaica holds interest rate announcement and monetary policy report. JAKARTA- Indonesia Central Bank holds board of governors' meeting. SYDNEY- Appearance by Philip Lowe, Reserve Bank of Australia...

  • *Latest example of Japanese firm pulling out of Britain. The automaker, which builds more than a tenth of the 1.5 million cars made in Britain, said the move was not related to Brexit and it needed to focus activities in regions where it expects to sell most cars, after struggling in Europe. But the timing of the announcement about the Swindon plant, just 38 days before...

  • BAKU, Feb 19- BP plans to ramp up production at Azerbaijan's Shah Deniz gas field and keep output flat at the Azeri-Chirag-Guneshli oilfields this year, a senior regional official at the British oil major said. "We expect flat oil production from ACG and a rise in gas production at Shah Deniz in 2019 as we will continue to ramp up production on Shah Deniz throughout...

  • *Latest example of Japanese firm pulling out of Britain. *Britain due to leave the EU in 38 days. Honda, which builds its Civic car in Britain and Turkey, said it would stop making the model in both countries.