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Energy incentives prioritized for Turkish economy plan

- Turkey's new economy program introduced on Thursday prioritizes energy as recipient area for incentives

21.09.2018 Renewable , Finance , Refining/Petro Chemistry , Energy Diplomacy , Turkey

Turkey unveils new economic program for 2019-2021

- Turkish economy aims to grow 3.8 pct this year, reach 5-plus pct growth rate by 2020, says treasury and finance minister

21.09.2018 Finance , Turkey , General

Global poverty falls to record low: World Bank

- Extreme poverty under 9 percent in 2018, according to preliminary forecast

20.09.2018 Invesments , World , General

US fiscal deficit widening after tax cuts, Fitch warns

- Tax cuts will lead to higher deficits, debt, despite boosting growth, rating agency says

20.09.2018 Finance , Americas , General

Erdogan meets representatives of US companies in Turkey

- Strategic cooperation with US will be further strengthened via investment, trade despite ups and downs, president says

20.09.2018 Finance , Invesments , Turkey , Americas

OMW joins Dow Jones Sustainability Index

- Oil and gas company OMV is the only Austrian company to join the Down Jones Sustainability Index

20.09.2018 Natural Gas , Oil , Finance , Invesments , General

Russian piped gas is critical for Europe's supply needs

- The level of supply flexibility to the European market decreases as Europe's indigenous supply falls

20.09.2018 Natural Gas , Finance , Lng/Lpg , Europe , Asia , General

Novatek reveals big hydrocarbon find in Utrenneye field

- New find at Russian Utrenneye Field is estimated as 405 bln. cubic meters of natural gas and 40 mln. tons of gas condensate

20.09.2018 Natural Gas , Oil , Projects , Eurasia , General

Orsted divests 50% of Hornsea 1 Offshore Wind Farm

- The transaction is subject to certain regulatory approvals and is expected to close in the fourth quarter of 2018

19.09.2018 Finance , Wind , Renewable , Europe , General

Trump slams China after imposing new tariffs

- Criticism comes after Washington announces $200 billion of new tariffs on Beijing

19.09.2018 Finance , Asia , Americas

Turkish Treasury borrows $347M through auction

- Treasury holds an auction for domestic markets to issue zero-coupon bonds with 12-month maturity

19.09.2018 Finance , Turkey

Tesla confirms federal investigation

- ‘Tesla received a voluntary request for documents’ from Justice Dept., company says

19.09.2018 Finance , Americas

UK hits 20 gigawatts of wind generation capacity

- Opening of Orsted’s 659 MW Walney Extension off coast of Cumbria in September pushes total capacity over 20-gigawatt mark

19.09.2018 Wind , Invesments , Europe , General

World's 1st hydrogen-powered train launches in Germany

- Germany launches world's first hydrogen fuel cells that turn hydrogen and oxygen into electricity

19.09.2018 Projects , Renewable , Europe , General

Japanese billionaire is SpaceX’s 1st Moon tourist: Musk

- SpaceX says it will send Yusaku Maezawa to the moon in yet-to-be-built rocket spaceship

18.09.2018 Electricity , Finance , Americas

US imposing new tariffs on $200 billon of Chinese goods

- Total tariffs against China rise to $250 billion, Trump threatens tariffs on $267 billion of additional imports

18.09.2018 Finance , Asia , Americas

US liquefied natural gas sector sees boost in 2018

- Development of U.S. LNG sector is gaining momentum since early 2018: says Wood Mackenzie official

18.09.2018 Electricity , Natural Gas , Finance , Americas , General

Russia mulls oil output rise prior to Algerian meeting

- Oil output increase on agenda for discussion for Russia and some OPEC members at upcoming meeting in Algeria: Novak

18.09.2018 Oil , Finance , Energy Diplomacy , International Organization , General

Turkish economy: Total turnover up 26.9 pct in July

- Calendar-adjusted turnover index in industry surges 36.3 pct year-on-year, construction climbs 28.3 pct, says TurkStat

17.09.2018 Finance , Turkey

Turkey's unemployment rate constant in June

- TurkStat says unemployment rate in June sees no annual change, standing at 10.2 pct in June

17.09.2018 Finance , Turkey

Chinese tech giant Xiaomi opens store in Istanbul

- Over 160 Xiaomi products including smartphones, accessories, computers and home devices are sold at store

17.09.2018 Invesments , Turkey , Asia

EU posts nearly $5B trade deficit in January-July

- EU’s exports totaled some $1.363 trillion, imports amounted to nearly $1.368 trillion in 7-month period, says Eurostat

15.09.2018 Finance , Europe

EBRD believes in long-term development of Turkey

- Turkish market is the ‘largest investment envelope,’ says banks's director in Turkey

15.09.2018 Finance , Turkey , Europe

Trump to impose additional $200B in China tariffs

- Decision comes after Washington signals it wanted to restart trade talks with Beijing

16.09.2018 Finance , Asia , Americas

Brent oil falls to $78 level at week ending Sept. 14

- Oil prices decrease due to production rises on international oil market

15.09.2018 Oil , Finance , World

Turkey's current account gap shrinks in July

- Nearly 63 pct year-on-year drop reduces deficit to $1.75B in July

14.09.2018 Finance , Turkey

European Bank funds transport project in Turkey's Izmir

- European Bank for Reconstruction and Development extends €80M loan to Izmir Metropolitan Municipality

14.09.2018 Finance , Turkey

US sanctions NKorean IT companies in China, Russia

- Penalties 'intended to stop the flow of illicit revenue to North Korea' Treasury Sec. Mnuchin says

14.09.2018 Finance , Energy Diplomacy , Asia

Sudan announces new government as economy struggles

- Smaller government of 21 federal ministers and 27 state ministers reflects efforts to cut costs

14.09.2018 Finance , Middle East-Africa , General

Turkish Central Bank hikes interest rates by 625 bps

- Policy rate, also known as one-week repo rate, up at 24 pct from 17.75 pct

13.09.2018 Finance , Turkey

Austria's OMV partners with Malaysia's Sapura Energy

- The partnership is expected to develop OMV’s activities in South East Asia, OMV says

13.09.2018 Invesments , Europe , Asia

Eritrea rejoins East Africa security, trade bloc

- Eritrea was suspended from Intergovernmental Authority on Development in 2007 following fallout with Ethiopia, Djibouti

13.09.2018 Finance , Middle East-Africa

Turkey, Kazakhstan target $10B trade volume

- Turkey, Kazakhstan's current bilateral trade volume exceeds $2B, says Turkish Foreign Economic Relations Board

13.09.2018 Finance , Turkey , Asia

China urges action against trade protectionism

- Russian and Chinese presidents meet on sidelines of summit in port city Vladivostok

12.09.2018 Finance , World , Asia , Americas

EBRD loans $102 million to Turkey’s Akfen Renewables

- The new financing demonstrates the EBRD’s commitment to the Turkish economy, the bank says

12.09.2018 Renewable , Finance , Invesments , Turkey

Survey shows interest rates to rise in Turkey

- All economists surveyed by Anadolu Agency expect a rise in one-week repo rate this week with a median of 425 base points

11.09.2018 Finance , Turkey

Turkish economy grows 5.2 pct in Q2

- Gross domestic product at current prices totaled some $204B in April-June period, says TurkStat

10.09.2018 Finance , Turkey

Brent oil starts week beginning Sept. 10 with rise

- Increase driven by fall in US oil rig count last week as well as upcoming US sanctions against Iran

10.09.2018 Oil , Finance , General

Turkey’s trade minister to visit UK, Argentina

- Ruhsar Pekcan to visit London on Sept. 11, Argentina on Sept. 14

10.09.2018 Finance , International Relations , Turkey , Europe , Americas

Turkey, Russia, Iran to use local currencies for trade

- Central Bank of Iran governor: Meeting with administrators of Turkish and Russian Central Banks expected in near future

10.09.2018 Finance , International Relations , Eurasia , Middle East-Africa

Pakistan, China renew commitment on economic corridor

- Multi-billion dollars project will remain priority for new government in Islamabad, says Pakistan’s foreign minister

10.09.2018 Finance , International Relations , Asia

Qatar trusts ‘strong’ fundamentals of Turkish economy

- Turkey has mature and well developed private sector, Qatar economy minister says

10.09.2018 Finance , Turkey

Turkish economy to grow 5.2 pct in Q2: Survey

- Economists' growth forecasts vary between 4.5 pct and 6.3 pct for April-June period

09.09.2018 Finance , Turkey , General

US attack on Turkish economy exemplary for global risks

- ‘Washington’s brazen use of economic weapons serve as a wakeup call for many countries and investors around the world’

09.09.2018 Finance , Energy Diplomacy , Turkey , Americas

US ready to impose $267B additional tariffs on China

- Trump says another $267 billion tariffs are ready to go on short notice 'if he wants'

08.09.2018 Finance , Energy Diplomacy , Asia , Americas

Free rides for people who recycle in Istanbul

- Passengers to receive free credit on their train/bus cards in exchange of plastic bottles, cans

09.09.2018 Projects , Turkey

Brent oil falls to trade just over $76 on Fri., Sept. 7

- Crude oil inventories decreased in U.S., while gasoline stocks increased last week

08.09.2018 Oil , Finance , Americas , General

Solar could become EU’s fastest-growing source by 2020

- European energy expert claims solar will become the continent’s most competitive source of energy by 2020

09.09.2018 Finance , Solar , Europe , General

Turkerler to invest up to $1B. in Manisa's geothermal

- Turkey's Turkerler conglomerate to create 248 megawatts of geothermal energy capacity in Aegean city of Manisa

07.09.2018 Geothermal/Biomass , Invesments

US funds $4.45M for geothermal zonal isolation research

- Enhanced geothermal system technologies could lead to over 100 GW of viable, electric generating capacity in continental US

06.09.2018 Finance , Geothermal/Biomass , General

World's largest offshore wind farm off Cumbria starts

- The Walney Extension wind farm will power 590,000 homes with 656 megawatts of total capacity

06.09.2018 Finance , Wind , General

Climate action could reap $26 trillion in gains by 2030

- Report urges state and private sector to take action in shift to new climate economy to avail of economic benefits

06.09.2018 Electricity , Finance , Renewable , World , Americas , General

US to provide $80 million for 36 clean energy projects

- Research and development projects will enable cost-competitive, drop-in renewable hydrocarbon fuels and bio-based products

06.09.2018 Electricity , Finance , Renewable , Energy Projects , General

Turkey, Qatar sign economic partnership agreement

- Trade ministers of two countries meet in Turkey’s capital Ankara

05.09.2018 Finance , Turkey , Middle East-Africa

Trump says he supports Argentina, backs IMF efforts

- President reaffirms 'strong support for Argentina' during call with Argentine President Mauricio Macri

05.09.2018 Finance , International Relations , Americas

EU lifts restrictions on Chinese solar panels

- In place for nearly 5 years, EU anti-dumping & anti-subsidy measures on Chinese solar panels will expire midnight. Sept. 3

05.09.2018 Finance , Solar , Europe , Asia , General

Vestas to supply West Africa's largest wind project

-Danish firm Vestas will provide wind energy solution to Senegal's first large-scale wind project

04.09.2018 Finance , Wind , Europe , General

Eurozone manufacturing activity eases in August

- Eurozone PMI stands at 54.6 in August, almost flat compared to 55.1 in July, says London-based global data company

03.09.2018 Finance , Europe

Turkey’s central bank to support price stability

- Central Bank to take necessary actions to support price stability, bank announces

03.09.2018 Finance , Turkey

Turkey's exports up 5.3 pct in Jan-Aug

- From January to August, country's overall exports totaled $108.7 billion, says exporters' assembly

01.09.2018 Finance , Turkey , General

Turkey launches spot natural gas trade system

- Turkey's goal to become energy trade hub will be supported by new system

03.09.2018 Natural Gas , Finance , Turkey , General

Brent oil above $77 at week ending Aug. 31

- Weakened outlook for global oil demand growth because of trade disputes keep oil prices from rising further

02.09.2018 Oil , Finance , World

Trump cancels pay raise for civilian employees

- President argues move will save $25B

31.08.2018 Finance , Americas

US may impose $200B China tariffs next week: Report

- Move could come after public comment deadline ends

31.08.2018 Finance , Americas

Danish firm to start two solar projects in US

- Once Sage & Misae solar power plants are fully operational, they will generate electricity to power 74,000 houses annually

29.08.2018 Finance , Solar , Americas , General

GE to provide wind turbines for wind farm in Ukraine

- Once fully operational by end of 2019, Primorskaya wind farm will generate power for around 350,000 homes in Ukraine

29.08.2018 Finance , Wind , Eurasia , General

Moody's fined $16.25M for credit rating failures

- Securities and Exchange Commission in US charges Moody's for internal control failures and rating symbol deficiencies

29.08.2018 Finance , General

Summer heatwave to boost solar energy generation in EU

- Europe's hot weather sees solar energy output increase by 20 percent, Sun Investment Group reports

30.08.2018 Finance , Solar , World , Europe , General

Turkish Central Bank reserves total $100.7B in July

- Total reserve assets climb 2.4 pct compared to previous month, official data show

29.08.2018 Stock Market , Turkey , General

Russian Transneft's profit falls 19.2% in 1H18

- Profit decrease is mainly due to increased depreciation and amortization for new facilities

29.08.2018 Oil , Finance , General

Germany: EU for stable economic development in Turkey

- Foreign Minister Heiko Maas criticizes US economic pressure on Turkey

28.08.2018 Finance , Turkey , Europe , General

Pioneering Spirit sets offshore pipe-laying world record

- The vessel, which belongs to Allseas company, is currently laying second line of TurkStream natural gas pipeline project

29.08.2018 Natural Gas , Projects , Turkey , Europe , Eurasia , General

India's oil demand growth to rise by 2035: Wood Mac.

-Wood Mackenzie forecasts India's rising income levels, expanding middle class and growing need for mobility drive oil demand

28.08.2018 Oil , Finance , Asia , General

Siemens, Bentley Systems to boost joint investments

- Siemens and Bentley Systems joint investment initiative now totals €100 million

28.08.2018 Electricity , Finance , Renewable , General

Brent oil rises over $75 in week beginning Aug. 27

- Weakened outlook for global oil demand growth keep oil prices from rising further

28.08.2018 Oil , Finance , World , Americas

OPEC's oil export revenue rises 28 percent in 2017

- Rise in crude prices played a significant role for revenues of OPEC countries

28.08.2018 Oil , Finance , International Relations , Middle East-Africa

SOCAR, Uniper to partner in energy efficiency projects

- The two companies sign an agreement in Baku during Angela Merkel’s trip to Azerbaijan on Saturday

28.08.2018 Natural Gas , Oil , Invesments , Europe , Eurasia

Fed to continue further, gradual rate hikes: Chair

- Powell draws a fine line between limiting economic expansion and overheating

26.08.2018 Finance , Americas

Turkish minister promotes digital economy

- Turkish technology minister delivered speech at G20 Digital Economy Ministerial Meeting in Argentina

25.08.2018 Finance , Turkey

'Turkey should push infrastructure for economic growth'

- Turkey's dynamic structure, young population, well-educated workforce can draw in investment, says Chinese ZTE executive

24.08.2018 Finance , Turkey , Asia

Trump warns impeachment would crash US market

- 'If I ever got impeached, I think the market would crash. I think everybody would be very poor,' Trump says

24.08.2018 Finance , Americas

Enel starts construction of 34 MW solar plant in Zambia

- The company plans to invest $40 million for its first power plant project in southern Zambia

24.08.2018 Solar , Invesments , Middle East-Africa

Germany warns of trade war's dangers for global economy

- Intensifying trade conflicts could be severely detrimental to global economy, warns head of German central bank

23.08.2018 Finance , Europe , Americas

'UK committed to reaching free trade deal with Turkey'

- British business body welcomes aim to strengthen trade, economic ties with UK as part of Turkey's 100-day action plan

23.08.2018 Finance , Turkey

US trade policies may negatively impact growth: Fed

- "Trade policies could move in a direction that would have significant negative effects on economic growth," central bank says

23.08.2018 Finance , Americas

Germany calls for end to US dominance in global finance

- Foreign Minister Maas slams Trump administration for unilateral Iran sanctions, proposes alternative global payment system

22.08.2018 Finance , Europe , Americas , General

US tariffs to have negative impact on economy: Survey

- More than 90 percent of business economists surveyed say tariffs and threats of tariffs will negatively impact US economy

21.08.2018 Finance , Energy Diplomacy , Americas , General

ConocoPhillips signs $2 billion settlement with PDVSA

- PDVSA to make initial payment around $500 million in 90 days

22.08.2018 Finance , Americas , General

Turkish stocks rise over 1.6 pct at close

- BIST 100 index surpasses 90,000 points before going into four-and-a-half-day break

20.08.2018 Stock Market , Turkey , General

Turkish, Qatari central banks ink currency swap deal

- Deal aims to enhance cooperation between two banks through setting a two-way currency exchange line

20.08.2018 Stock Market , Energy Diplomacy , Turkey , Middle East-Africa , General

China investing heavily in European wind

- Asian superpower invested $6.8 billion in Europe from 2011 to 2017, according to recent IEEFA report

22.08.2018 Wind , Invesments , Europe , Asia , General

Danish Maersk's revenue rises by 25% in 2Q18

- The company's revenue reaches $9.5 billion in the second quarter

20.08.2018 Finance , Europe , General

Vestas increases revenue to €2.26 billion in 2Q18

- Strong global demand helps positive results, says company

20.08.2018 Finance , Wind , Europe , General

US growing isolated in international system under Trump

- Credibility of US government with a president as 'erratic' as Trump is greatly diminished, says expert

19.08.2018 Finance , Turkey , Americas , General

Trump wants to eliminate quarterly earnings reports

- President argues move would provide more flexibility, save money

18.08.2018 Finance , Americas , General

Turkish lira should return to fair value: Expert

- "At this point, lira is sentiment driven in the market, it is not fundamentally driven," Inst. of Int. Finance expert says

18.08.2018 Finance , Turkey

Dutch Vopak's 2Q18 revenue drops due to lower occupancy

- Results are satisfactory, says Vopak's CEO

17.08.2018 Finance , Europe , General

Egypt to restart gas exports in January

- Imports will be halted in October in a move towards achieving self-sufficiency, oil minister says

18.08.2018 Finance , Downstream , Middle East-Africa

Gazprom Neft's 1st half 2018 net profit almost doubles

- Gazprom Neft sees 1.5-fold increase in its operating profit in the first half of 2018

18.08.2018 Natural Gas , Oil , Finance , Asia

White House confirms US, China trade talks to resume

- 'Sometimes talks can produce better outcomes than expected,' says White House economic advisor

17.08.2018 Finance , Energy Diplomacy , Asia , Americas

US: Trump military parades estimate soars to $92M

- Estimate skyrocket to $80 million more than initially thought

17.08.2018 Finance , Americas

Turkish finance min. addresses foreign investors

- Turkey not in talks with IMF, will continue to ensure funding from international markets, says Berat Albayrak

16.08.2018 Finance , Turkey

Germany to launch solar, wind tenders in October

- Wind and solar tenders will be held separately on Oct. 1

17.08.2018 Finance , Wind , Solar , Europe , General

Russian TMK's revenue up 6% in 2Q18

- Strong sales support company's positive results

16.08.2018 Finance , Eurasia , General

Germany's Senvion increases capital to €62.5 million

-Wind turbine manufacturer has seen almost a 400 percent order increase in new markets year-over-year, company official says

16.08.2018 Finance , General

Natural gas to show largest demand growth by 2040

China aims to become nuclear energy leader

US' oldest nuclear power plant to retire on Monday: EIA

Russia to build nuclear reactors for China & Egypt

Asian Dev. Bank to loan $500M to Bangladesh power plant

China’s coal production up 4 percent in April

Turkey's electricity consumption grows 6% in October

Spot market electricity prices for week ending August 20

Natural gas to show largest demand growth by 2040

Ten new cities join Powering Past Coal Alliance

China's crude oil output up after almost 3 years

China's crude oil imports up 6.5 pct in Jan-Aug

Total announces major gas find offshore UK

Greek Cyprus, Egypt sign deal for gas pipeline project

Egypt inks $1B exploration deal with Shell, Petronas

China's crude oil output up after almost 3 years

Osaka to acquire 35pct stake in US shale gas project

UK announces new measures to back shale gas exploration

Support for shale fracking drops in UK

UK's 1st shale gas drilling rig arrives on site

Greek Cyprus, Egypt sign deal for gas pipeline project

US: Florence begins slow assault on Carolinas

Hurricane Florence continues path to US east coast

Power of Siberia gas pipeline almost complete

Russian piped gas is critical for Europe's supply needs

US LNG is coming to Germany, says US dep. energy sec.

Qatargas, PetroChina sign 22-year LNG supply deal

ExxonMobil agrees to build chemical complex in China

US crude oil production rises 30th time in 36 weeks

Turkey is capable of overcoming economic woes: BP Pres.

Egypt inks $1B exploration deal with Shell, Petronas

China's crude oil output up after almost 3 years

Wintershall's Brage oil field now 25 years old

US’ Pompeo stresses political role of Iraq’s KRG

Trump slams OPEC, criticizes high oil prices again

EU: Passenger car demand surges 6.1 pct in Jan-Aug

Energy incentives prioritized for Turkish economy plan

ExxonMobil agrees to build chemical complex in China

Iran launches three major petchem projects in south

Total sells its polystyrene business in China

Turkey’s domestic hybrid locomotive showcased in Berlin

26 city mayors commit to procure zero-emission buses

Gaza hospitals to stop services over fuel crisis

Ford recalls 2 million pickups due to fire risk

GE launches advanced 5.3 MW onshore wind turbine

Equinor's Arkona wind farm starts power generation

Enel starts construction of 84.7 MW solar farm in Spain

Vestas gets 144 MW order from US' Avangrad Renewables

Enel starts construction of 84.7 MW solar farm in Spain

Turkey's Akfen receives $363 million loan from 6 banks

Turkey's Zorlu signs 50MW solar deal with Kazakhstan

ABB connects Sweden's largest solar park to grid

Statkraft acquires Tidong hydropower project in India

Ethiopia: PM blames contractor for delay in dam

Hydro produces 94.7% of Norway's electricity in June

Bosnia: Explosion in hydroelectric plant kills 3

Turkerler to invest up to $1B. in Manisa's geothermal

US funds $4.45M for geothermal zonal isolation research

Finnish Neste's profit increases to €277 mln. in 2Q18

US to invest $3.6M in geothermal energy technology

Novatek reveals big hydrocarbon find in Utrenneye field

World's 1st hydrogen-powered train launches in Germany

Free rides for people who recycle in Istanbul

Pioneering Spirit sets offshore pipe-laying world record

Ronesans Holding inks deal for Ceyhan industrial zone

Global poverty falls to record low: World Bank

Erdogan meets representatives of US companies in Turkey

OMW joins Dow Jones Sustainability Index

Turkish Central Bank reserves total $100.7B in July

Turkish stocks rise over 1.6 pct at close

Turkish, Qatari central banks ink currency swap deal

Tesla shares halted after CEO suggest taking it private

Turkey’s energy watchdog imposes $1.2 million fine

Turkey's EMRA ups max-limit of gas distribution regions

Border tax would make US less competitive: Chevron CEO

Volkswagen pleads guilty in emissions scandal

UK regulator offers price cap on gas, electricity bills

EU light bulb rules will allow household energy savings

$23B for Turkey's elec. privatization in past 10 yrs

Spot market electricity prices for Monday, April 30