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Loeb reveals $1 bln-plus stake in SoftBank
BY Reuters |
26 Nov 13
Hedge fund manager Daniel Loeb on Thursday disclosed a $1 billion-plus stake in Japan's SoftBank Corp at an investment conference, while another top money manager warned in an interview of the "bubble-like" conditions of some stocks.
Morocco 'to issue euro bond'
BY Reuters |
26 Nov 13
The Kingdom of Morocco, rated Ba1/BBB-/BBB-, has hired BNP Paribas, Commerzbank and Natixis to lead the issuance of a euro bond, according to a source away from the deal.
Citigroup can't block Abu Dhabi arbitration over $7.5 bln stake
BY Reuters |
26 Nov 13
A U.S. judge has rejected Citigroup Inc's effort to block the Abu Dhabi Investment Authority from seeking a second arbitration over the sovereign wealth fund's $7.5 billion investment in late 2007 to shore up the then-struggling bank.
Aldar sets price talk for 5-year sukuk
BY Reuters |
26 Nov 13
Abu Dhabi's Aldar Properties has set initial price talk for its planned five-year sukuk issue, expressed in basis points, at mid-swaps plus the "very low 300s," a lead manager said on Monday.
New panel to settle Israeli, Palestinian business disputes
BY Reuters |
25 Nov 13
Israeli and Palestinian businessmen, who sometimes have to exchange suitcases of cash for goods at military checkpoints, will soon be able to settle any commercial disputes on neutral ground.
U.S. jury awards Apple $290 mln in retrial against Samsung
BY Reuters |
25 Nov 13
A U.S. jury awarded Apple Inc about $290 million in a damages retrial against Samsung Electronics Co Ltd, restoring a large chunk of a historic verdict the iPhone maker won last year.
Saudi Electricity, GE sign 1.7 billion riyals deal
BY Reuters |
25 Nov 13
Saudi Electricity Co (SEC) signed two contracts worth around 1.7 billion Saudi riyals ($453 million) with U.S. General Electric for maintenance of gas turbines at new power plants in Riyadh, SEC said on Sunday.
OSN secures 5-year $200 mln facility
BY Reuters |
25 Nov 13
Dubai-based pay-TV network OSN, which is planning an initial public offering, has secured a five-year, $200 million financing facility, it said on Sunday.
Nokia asks Delhi High Court to release factory seized in tax dispute
BY Reuters |
25 Nov 13
Nokia has asked the Delhi High Court to help release its Indian factory after its seizure by the local tax authorities, the Finnish firm said on Thursday as it seeks to resolve the tax dispute ahead of the sale of its mobile phone business to Microsoft.
Pfizer, Wyeth Indian units to merge
BY Reuters |
25 Nov 13
Pfizer Ltd, the Indian unit of U.S. drug maker Pfizer Inc, is to take over local affiliate Wyeth Ltd, they said on Saturday after their boards approved the deal.
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