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Wednesday, October 23, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

US jury rules against Bank of America in mortgage case
A federal jury Wednesday concluded that Bank of America defrauded mortgage finance firms Fannie Mae and Freddie Mac with a lending program that ...

Cuba's Raul Castro takes big chance on currency reform
Cuba is making a big gamble as it launches its most ambitious economic reform yet, the unification of its two currencies, which analysts say could ...

GCC - Toshiba eyes top tab slot
Toshiba Gulf is all set to launch a new range of tablets in next couple of months to consolidate its position in the Middle East market, ...

SEC proposes rules for share issues via crowdfunding
Crowdfunding could become a hot new source of venture capital under new US rules proposed Wednesday to allow companies to make private share ...

Big ad atop Google results points to broken promise
A large ad spied atop Google search results was seen as evidence that the Internet titan was breaking a promise that it would never resort to the ...

UAE - Consumer electronics market to stay strong
The market for consumer electronics is likely to remain strong in the wake of lifestyle changes region-wide, according to a study. Dubai ...

New Zealand Post cuts 'snail mail' delivery to three days a week
New Zealand Post said Thursday that it will deliver letters only three days a week amid a decline in "snail mail" volumes blamed on alternatives such ...

IMF says Brazil needs investment, competitive boost
The International Monetary Fund Wednesday praised Brazil for producing prolonged macroeconomic stability.But the IMF says Latin America's ...

Venezuela announces massive push to import food, goods
Venezuela will massively boost its food and basic supplies imports in the next two months to counter shortages and high inflation, a minister said ...

S.Korea tobacco firm to pull chimp ad for 'Africa' brand
South Korea's top tobacco firm said on Wednesday it would pull ads for its new "This Africa" brand of cigarettes after complaints the use of images ...

Credit Suisse launches gay-friendly company index
Swiss banking giant Credit Suisse has launched what it says is the first market index and portfolio based on gay-friendly policies.The LGBT Equality ...

Banksy thwarted by New York police
British street art superstar Banksy said police on Wednesday prevented him from creating a new piece of art in New York as promised on each day of ...

Facebook's Zuckerberg paid record $2.2 billion
Facebook chief Mark Zuckerberg set a new record for corporate compensation in 2012 with a package worth more than $2.278 billion, according to a ...

Japanese chef brings taste of Fukushima to France
Arriving in France with a suitcase full of smoked chicken and wasabi from the stricken Japanese region of Fukushima, chef Harutomo Hagi was a man on ...

Dutch fury over UN body's 'Black Pete' racism charge
A Facebook petition supporting a Dutch Christmas character called "Black Pete" on Wednesday hit a million 'likes', revealing the liberal nation's ...

Saudi women inching closer ever to the wheel
Saudi female activists are gearing up to test a long-standing driving ban, with more defiant women already getting behind the wheel as the ...

Honduras confirms 27 deaths from dengue fever
A Honduran dengue fever epidemic has killed 27 people so far this year and infected some 31,960 individuals, health officials said. A total of 18 men ...

Sick pets prompt US probe of China-made treats
Pet treats mostly imported from China are sickening and killing dogs and cats in the United States, and the Food and Drug Administration says ...

Baby's HIV 'cure not a fluke,' US researchers say
A little girl who was treated for HIV shortly after birth still shows no sign of infection at age three, suggesting her apparent cure was not a ...

Cholera kills nine, 100 hospitalised in Nigeria
Cholera has killed nine people and infected 100 others this month in Namu village in Nigeria's central Plateau state, a senior health official said ...

Saudi - 11 female students survive bus accident
Eleven female students at King Khaled University escaped death when the bus in which they traveling overturned on King Abdullah Road. Lt. ...

Saudi - Incense sparks fire alarm at college 700 evacuated
Saudi Red Crescent transferred four students to Al- Qunfudah General hospital to be treated for anxiety after a fire alarm went off in one of ...

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