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(MENAFN - AFP) US stocks fell modestly Thursday as rising fears about renewed tensions between Ukraine and Russia outweighed a batch of encouraging US economic data.

The Dow Jones Industrial Average fell 42.44 points (0.25 percent) to 17,079.57, while the tech-rich Nasdaq Composite dropped 11.93 (0.26 percent) to 4,557.69.

The broad-market S&P 500 pulled back from ...

 
(MENAFN - AFP) Shareholders in Bank of Cyprus, the island's largest lender, Thursday approved a one-billion-euro ($1.34-billion) capital increase from private placement to help it survive following a haircut on deposits last year.

BoC announced that 87 percent of shareholders present at an EGM (extraordinary general meeting) approved the capital issue, placing 4.16 billion ...

 
(MENAFN - AFP) Apple gadget lovers hungered for the "next big thing" on Thursday after the iconic company fired off invites to a mystery unveiling on Sept. 9.

Fueling rampant speculation regarding what the company has in store was the fact that the event will be held in the same performing arts center in Silicon Valley where late Apple co-founder Steve Jobs introduced the ...

 
(MENAFN - AFP) Argentine workers launched a general strike Thursday to protest rising unemployment and runaway inflation, adding to President Cristina Kirchner's headaches as her government deals with a new debt default.

Union members and radical activists barricaded the major roads into Buenos Aires Thursday morning and blocked buses and taxis whose drivers were not observing ...

 
(MENAFN - AFP) Thousands of air passengers in Germany face delays and cancellations ahead of the weekend as wage talks between pilots and Lufthansa's low-cost subsidiary Germanwings collapsed on Thursday.

Just hours after pilots' union Vereinigung Cockpit said its members would stage a six-hour walkout on Friday if management did not meet its demands in negotiations on early ...

 
(MENAFN - AFP) Crisis-stricken Malaysia Airlines said Thursday its second-quarter loss nearly doubled and forecast more red ink in the second half of the year, as two crippling air disasters sent passenger bookings tumbling.

The flag carrier said it posted a 305.7 million ringgit ($97.2 million) loss in the April-June quarter, which followed the March 8 disappearance of flight ...

 
(MENAFN - AFP) The ruble hit a five-month low against the dollar on Thursday while Russian financial stocks plunged on fears of the West unleashing new sanctions over claims that the Kremlin had ordered troops into Ukraine.

The fading power of Russian consumers and eroding confidence of investors who could kick-start stalling growth underscored the political risks facing ...

 
(MENAFN - AFP) Ebola-hit nations met for crisis talks on Thursday as the death toll topped 1,500 and the World Health Organization warned that the number of cases could exceed 20,000 before the outbreak is stemmed.

Nigeria announced that the virus had reached its oil-producing hub, dashing hopes that the country had successfully contained it to its biggest city, Lagos.

Hopes ...

 
(MENAFN - AFP) Nigeria on Thursday said that a doctor had died from Ebola in the southeastern oil city of Port Harcourt in the first case of the deadly virus outside the country's biggest city, Lagos.

Health minister Onyebuchi Chukwu said the medic died on August 22 after treating a patient who had contact with Liberian-American Patrick Sawyer, who brought the virus to Nigeria ...

 
(MENAFN - AFP) The US Commerce Department raised its estimate for US economic growth to 4.2 percent Thursday, confirming the solid rebound from the first quarter's steep contraction.

The department said a fuller set of data showed a higher level of fixed investment by companies and the government, contributing to the 0.2 point upward revision from July's number.

The ...

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