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Saturday, August 17, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Jobless Spaniards flood in for slave wages in 'Exodus'
Thousands of Spaniards in the depressed southern region of Andalusia are queueing up to play the role of slaves in film-maker Ridley Scott's Biblical ...

Adult obesity rate in US holds steady: report
After three decades of increases, adult obesity rates held steady in the past year in virtually all 50 US states, according to an annual report ...

Swiss central bank fund pays off UBS rescue
The Swiss National Bank said on Friday that a massive loan to rescue UBS bank during the financial crisis had been paid off and UBS could now ...

US regulator approves ICE takeover of NYSE Euronext
The US Securities and Exchange Commission announced its approval Friday of the takeover of exchange operator NYSE Euronext by the ...

Samsung presents the first wearable mobile
Asia: Galaxy Gear, a wristwatch-like device, will be presented by September 4th by the well-known mobile corporation Samsung Electronics Co., according to ...

Britain's economy grows unusually
UNITED KINGDOM: Sales retail increased 1.1 percent in the United Kingdom in July of the current year to hit a total high 3 percent since January 2011, ...

Zurich's net profit deteriorates
SWITZERLAND: Zurich Insurance Group announced a 27 percent net profit decline from April to July 2013 as a result of natural disaster payouts, according to ...

'Area 51' exists, but no UFOs: CIA paper
A newly declassified CIA document confirms the existence of famed Area 51 in Nevada, but conspiracy theorists will be disappointed the spy agency ...

Horse race fires up troubled Tuscan city
For residents of Siena -- a Tuscan city rocked by financial scandal and economic crisis -- summer horse races offer a welcome respite to the doom and ...

Dollar edges higher, helped by rising Treasury yields
The dollar pulled higher Friday against the euro helped by a steep rise in US Treasury yields that reflected rising expectations of an early end to ...

US stocks finish lower as bond yields rise
US stocks Friday closed out a choppy day of trade on a negative note following a mixed batch of economic data and a big jump in bond yields.The Dow ...

GM, Hyundai recall vehicles in US
General Motors and Hyundai both recalled large numbers of vehicles in the United States Friday.The GM recall was issued to fix a defect in the ...

AOL trims its Patch news operations
AOL said Friday it was cutting an unspecified number of jobs at its Patch hyperlocal news operations, while consolidating or closing some Patch ...

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