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Saturday, June 22, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Slovenia says reforms on track despite ratings downgrade
Slovenia on Saturday said it was confident its newly-adopted action plan would stabilise public finances and lead to an economic recovery, a day ...

Brent oil price hits three-month peak
Brent crude oil struck a three-month peak Friday on the back of the weak dollar, upbeat German data and growing global economic optimism, but pulled ...

European stocks, euro rally on strong German data
European stock markets advanced on Friday, with Frankfurt hitting a five-year high, as the euro rallied against the dollar following positive German ...

Russia's Rosneft and BP strike mega oil alliance
Rosneft on Monday ceded a fifth of its shares to BP in a $61 billion game-changing deal that will let Rosneft pump half as much oil as Saudi Arabia ...

Lufthansa cancels most flights due to strike
German airline Lufthansa cancelled most of its domestic, European and long-haul flights to and from airports across the country Monday as thousands ...

Asian markets mostly up, dollar nears 100 yen
Asian markets mostly climbed on Monday, with Tokyo surging as the dollar pushes back towards the 100 yen mark after the G20 cautiously endorsed the ...

Brazil announces construction of 800 airports
Brazilian President Dilma Rousseff announced in Paris Wednesday that her country would build at least 800 regional airports."Figures in Brazil are ...

Samsung blames demand for delay in US sales of new S4
Samsung said Thursday that unexpectedly high demand for its latest flagship smartphone, the Galaxy S4, was behind shipping issues that delayed ...

Spanish debt hits record 84.1% of GDP
Spain's public debt hit a new record of 84.1 percent of gross domestic product at the end of 2012, owing to increases both at the federal level ...

Family makes me richest man alive: Brad Pitt
Actor Brad Pitt says his family makes him "the richest man alive". The 49-year-old has six children, Maddox, 11, Pax, nine, Zahara, ...

10 killed in yet another Mumbai building collapse
Ten people, including five children, were killed when a three-storeyed building collapsed in Mumbra on the outskirts of Mumbai in the early ...

Bid to smuggle gold worth Rs100m foiled
The Customs officials have seized smuggled gold worth Rs100 million at Islamabad's International Airport from a passenger arriving from a ...

Pakistan cuts rates even as rupee drops
Pakistan unexpectedly cut interest rates for the first time this year to boost economic growth, even as higher taxes and a drop in the ...

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