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Wednesday, November 6, 2013

MENAFN Summary- Daily Business News

   
Middle East North Africa - Financial Network
 

Twitter to list at $26 a share, valued at $14.4 bn
Twitter has announced its eagerly awaited public share offering, revealing it will raise at least $1.82 billion, making a debut at $26 a share on ...

Saudi, Morocco to tighten business relations
Saudi and Morocco have announced their intention of strengthening their business relations on Tuesday, according to Qatar News Agency. Saudi Minister of ...

PSA acquires 49 percent stake in container terminal
Singapore"s port operator, PSA International, bought a 49 percent stake in a Chinese container terminal company in the port city of Lianyunggang for USD108 ...

Canada's poor environment can affect oil exports
Canada's efforts to protect the environment are not working, which can lead to a bad image that will affect Canadian firms looking to export oil, The ...

Emirates charged for curfew breach
Emirates Airline was charged by the Australian transportation authorities for breaking an overnight curfew at Sydney Airport, Arabian Business ...

Novartis to cut more than 440 jobs in Britain
Swiss pharmaceuticals giant Novartis said Wednesday it aimed to slash more than 440 jobs in Britain, blaming industry-wide difficulties.Novartis is ...

Spanish appliance maker Fagor to declare bankruptcy
Heavily indebted Spanish electrical appliance maker Fagor, employing 5,700 people worldwide, will file for bankruptcy, Industry Minister Jose Manuel ...

Blockbuster to close last of video rental stores
Blockbuster will close the last 300 of its own US video rental stores by January, its parent firm said Wednesday, after consumers shifted en masse to ...

Wells Fargo pays $335 mn to settle mortgage complaint
Wells Fargo said Wednesday it had agreed to pay $335 million to settle claims by Fannie Mae and Freddie Mac that it overstated the quality of ...

Spinoff of Time Inc. magazine group delayed
The planned spinoff of the Time Inc. group of magazines, initially planned for this year, has been delayed until sometime in 2014, conglomerate Time ...

Row over euthanasia for minors intensifies in Belgium
A heated debate on proposals to legalise euthanasia for minors in Belgium, one of the few countries to allow it for adults, intensified on Wednesday ...

Size 16 mannequins launched on British high street
Debenhams has become Britain's first mainstream high street retailer to permanently introduce size 16 mannequins, designed to be more representative ...

Researchers find HIV's 'invisibility cloak'
Scientists said Wednesday they had found an "invisibility cloak" that allows the AIDS virus to lurk unnoticed in human cells after infection and ...

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