Middle East North Africa - Financial Network

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(MENAFN - AFP) Thirty-three people are still missing five days after a catastrophic US air strike on an Afghan hospital, medical charity MSF said Thursday, sparking fears that the death toll may significantly rise.

The bombing raid last Saturday killed 12 MSF staff and 10 patients, prompting the charity to close the trauma centre, seen as a lifeline in a war-battered region ...

(MENAFN - AFP) The search for the billions of dollars still needed to fight climate change topped the agenda Thursday as world economic leaders met seeking to kick-start growth while tackling global warming.

With two months to go to a key UN conference in Paris tasked with delivering a comprehensive climate deal, finance ministers and central bank chiefs from 188 countries ...

(MENAFN - AFP) French judges have charged a former top-level banker at UBS with tax evasion as part of a probe into the Swiss banking giant, judicial sources said Thursday.

Raoul Weil, the former head of the bank's global wealth management business, was charged with tax evasion and illegally canvassing French customers at the end of September, the sources said.

The ...

(MENAFN - AFP) The Bank of England said Thursday it voted to keep its main interest rate at 0.5 percent against a backdrop of zero inflation in Britain.

The central bank's Monetary Policy Committee (MPC) maintained its key interest rate at the record-low it has been for 6.5 years, according to minutes of its latest monthly meeting, which was held on Tuesday.

The BoE ...

(MENAFN - AFP) Europe's main stock markets pushed their way higher Thursday for a fifth straight session, even as cautious investors awaited direction on the outlook for US interest rates.

The US Federal Reserve is set to release the minutes of its last monetary policy meeting with analysts looking for signs on whether it would raise interest rates starting this year or next.

The ...

(MENAFN - AFP) Rome's mayor appeared on the brink of being forced from office Thursday over an expenses row after months of attacks by opponents determined to make him a scapegoat for the sorry state of the Italian capital.

Ignazio Marino has been under intense pressure for months against a backdrop of mounting public anger over the litter-strewn and pot-holed state of the ...

(MENAFN - AFP) Thirty-three people are still missing five days after a catastrophic US air strike on a hospital in the Afghan city of Kunduz that has prompted international outrage, medical charity Doctors Without Borders said Thursday.

Of the missing, nine are patients and 24 are staff, according to Guilhem Molinie, country representative for Doctors Without Borders (MSF) ...

(MENAFN - AFP) Toyota Thursday said it was willing to help the United States probe how the Islamic State group has managed to get hold of so many of its notoriously tough trucks.

The Japanese manufacturer responded after an ABC News report on Wednesday said counter-terrorism officials at the US Treasury have been in contact with the auto giant over the issue.

Fleets ...

(MENAFN - AFP) Germany's biggest lender Deutsche Bank braced its employees for bonus cuts after it announced its biggest quarterly loss in about a decade and warned that even dividends could be scrapped.

The troubled bank has been undergoing a massive shake-up after its co-chief executives Anshu Jain and Juergen Fitschen resigned in June over a tangle of scandals and missed ...

(MENAFN - AFP) Greek dockers on Thursday said they would hold a 24-hour nationwide strike on October 22 to protest against the planned privatisation of the Piraeus and Thessaloniki port authorities.

"Despite its pledges, the government is attempting to hand over critical shipping, tourism, import and export activities to foreign monopolies," the OMYLE union said.

An ...

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