Kumaresan Selvaraj pillai


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Monday, August 12, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

N. Korea unveils 'secure, homemade' smartphone
North Korea, one of the most isolated and censored societies on the planet, has unveiled what it says is a domestically-produced ...

India firms allowed $7.9b tax-free debt
India allowed 13 state companies to raise as much as Rs480 billion selling tax-free bonds this financial year, helping ...

Greek GDP shrinks for 20th quarter
Greece's economy contracted for a 20th quarter, extending an economic slump that has left more than six in 10 young Greeks out of ...

State Bank of India's profit decline on rising bad loans
The State Bank of India, the country's largest by assets, posted first-quarter profit that dropped more than analysts estimated as bad ...

China sentences two to death over Xinjiang unrest
A court in China has sentenced two men to death over violent unrest in the ethnically divided western region of Xinjiang that left 21 people ...

The first home-built aircraft carrier in India
INS Vikrant, the first home-built aircraft carrier, has been announced in Kochi, India, last Monday. The aircraft carrier cost USD5 billion and will be in ...

Bee sting therapy causing a buzz in China
Patients in China are swarming to acupuncture clinics to be given bee stings to treat or ward off life-threatening illness, practitioners say.More ...

Death Toll Rises to 21 in Argentina Gas Explosion
The final death toll of an explosion in apartment building in Argentina rose to 21 after identifying the last missing bodies, ...

Typhoon Leaves Two Dead, over 30,000 Displaced in Philippines
Typhoon Utor moved away from the Philippines Tuesday, leaving two dead and more than 30,000 displaced, the Civil Defense Office said. ...

US- Steinway shares jump on expected bidding war
Shares of Steinway Musical Instruments yesterday shot up after the 160-year-old piano maker announced it received a superior takeover offer ...

BlackBerry eyes "strategic alternatives", possible sale
Struggling smartphone maker BlackBerry said Monday it is examining "strategic alternatives," including the possibility of selling off the ...

Two dead, several injured in Norway bus crash
Two people were killed and several seriously injured on Monday when two buses, one Norwegian and one Swedish with foreign tourists aboard, ...

United Asia may seek HK IPO if valuations improve
United Asia Finance, a consumer-finance arm of Sun Hung Kai that's expanding in China, may sell shares in Hong Kong to fund its growth in ...

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