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(MENAFN - AFP) MasterCard in March will begin processing transactions made on US-issued cards in Cuba, becoming the first major credit card company to do so since Cuba and the United States started to normalize relations.

MasterCard said in a statement Friday that the move, effective March 1, follows renewed guidance from the US Department of Treasury's Office of Foreign ...

(MENAFN - AFP) A day after US designer Rick Owens sent a jolt through the Paris men's fashion shows by parading penises on the catwalk, other labels struggled to win back the spotlight with collections boasting military dress or vintage styles.

- Below-the-belt -

Owens was still revelling in his bombshell stunt which stole attention from much bigger fashion houses like ...

(MENAFN - AFP) The Spanish government said Friday it would float a section of the world's largest airport operator AENA as part of a much-delayed privatisation of the firm, Europe's first major stock market listing of the year.

The government will list 28 percent of the operator on the stock market and has agreed to sell another 21 percent to three private-sector anchor investors, ...

(MENAFN - AFP) Cloud storage startup Box soared in its Wall Street debut Friday after a public share offering, pushing its market value to $2.7 billion.

Trading under the symbol "BOX," the shares jumped 66 percent to close at $23.23 on the New York Stock Exchange from the offering price of $14 announced Thursday.

Box, one of the growing cloud storage firms along with ...

(MENAFN - AFP) US stocks closed mostly lower Friday ending a four-day winning streak, as the sheen came off the European Central Bank's stimulus announcement and profit taking set in.

But the Nasdaq held up for a gain, its mostly tech stocks pulled up in part by coffee chain Starbucks, which added 6.5 percent on quarterly earnings that matched expectations and the announcement ...

(MENAFN - AFP) Oil prices traded narrowly mixed Friday after the death of the king of Saudi Arabia, OPEC's largest oil producer, and on concerns about unrest in Yemen.

The US benchmark futures contract, West Texas Intermediate for delivery in March, fell 72 cents to $45.59 a barrel, a new, nearly six-year low.

In London, Brent North Sea crude for March settled at $48.79 ...

(MENAFN - AFP) An indignant letter from a British aristocrat who survived the sinking of the Titanic in 1912 has sold for $11,875, an auction house in New England said Friday.

Lady Lucy Duff-Gordon, a target of public outrage after she fled the doomed ocean liner on a near-empty lifeboat, penned the two-page letter in London a month after the disaster.

"How kind of ...

(MENAFN - AFP) Expedia said Friday it is buying rival Travelocity in a $280 million deal merging two of the largest online travel operators.

The all-cash deal calls for Expedia to acquire its rival from travel software firm Sabre Corp and follows a 2013 agreement in which Expedia powered the tech platform for Travelocity's US and Canadian websites.

"Travelocity is one ...

(MENAFN - AFP) Croatian lawmakers Friday fixed the Swiss franc's rate for loans for one year at the level it was before the currency's shocking surge last week, in a bid to help 60,000 struggling borrowers in Croatia.

According to amendments to the Consumer Loan Act the franc's rate for payments of loans was fixed at 6.39 kunas (0.83 euros, $0.93) for a year. The banks were ...

(MENAFN - AFP) Alibaba founder Jack Ma, China's richest person, on Friday expressed ambitions of making his company into a global e-commerce platform serving two billion customers.

The company, which listed on the New York Stock Exchange last year, is estimated to hold over 90 percent of the Chinese market for consumer-to-consumer transactions through its Taobao platform.

Taobao ...

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