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Economy

8/24/2016 -  Growth in Best Buy Co. quarterly Profits, MENAFN
(MENAFN) Best Buy shares raised 19% after the retailer reported quarterly profits higher than expected, helped by stronger online sales and a housing recovery that sparked demand.

The largest ...
8/24/2016 -  AstraZeneca sells part of antibiotics unit to Pfizer, AFP
(MENAFN - AFP) British drugs giant AstraZeneca on Wednesday agreed to sell part of its antibiotics business to US giant Pfizer for up to $1.6 billion (1.4 billion euros).

The deal for the ...
8/24/2016 -  Strong Demand on Samsung's NewGalaxy Note 7, MENAFN
(MENAFN) The S. Korean tech giant, Samsung Electronics Co. announced on Wednesday that the demand on its new Galaxy Note 7 had came stronger than expected, suggesting strong initial sales for the new ...
8/24/2016 -  Egypt to continue largest economy in Africa, MENAFN
(MENAFN) S. Africa, Nigeria and Egypt continue their struggle to become the largest economy in Africa, while S. Africa recently moving back to first place.

Moreover, the US dollar value of S. ...
8/24/2016 -  Tourism in Paris lost USD849.38m in H1, MENAFN
(MENAFN) Officials said that militant attacks, strikes and floods kept foreign tourists away from the French capital, Paris, in H1 of this year. Also that coasted the tourism industry nearly ...
8/24/2016 -  Japan takes aid show to Africa in China's shadow, AFP
(MENAFN - AFP) Japan takes its aid show to Africa this weekend, with a huge development conference in Kenya, hoping quality will trump quantity in the battle for influence against cash-rich ...
8/24/2016 -  German economy grows at better than expected rate, AFP
(MENAFN - AFP) Strong foreign trade and buoyant consumption drove Germany's economy, Europe's largest, to better-than-expected growth in the second quarter, federal statistics office Destatis said on ...
8/24/2016 -  What political deadlock? Spain economy forges ahead, AFP
(MENAFN - AFP) Spain has for months been awash with warnings that the country's long-lasting political deadlock threatens to harm a fragile recovery, but the economy is forging ahead regardless... ...
8/24/2016 -  Asian markets struggle, oil losses widen on glut woe, AFP
(MENAFN - AFP) Most Asian markets slipped Wednesday as traders trod water ahead of a key speech by Federal Reserve boss Janet Yellen this week, while oil suffered fresh losses on persistent glut ...
8/24/2016 -  Secret data leak hits French submarine maker: report, AFP
(MENAFN - AFP) French defence contractor DCNS has been hit by a massive leak of secret data on its submarines likely to alarm India, Malaysia and Chile which use the boats, The Australian newspaper ...
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