Egypt set to return the taxes collected from the QNB acquisition of NSGB. (Photo : Reuters)The image is the Arabic logo of the Qatar National Bank. In an announcement, the Egyptian government has said it would be refunding taxes it has collected from the acquisition by Qatar National Bank of National Societe Generale Bank.
Legal & Regulatory
Cisco Seeking Nullity of Microsoft-Skype deal
Cisco is seeking EU intervention on its claims of monopolistic effect of Microsoft's purchase of Skype.
Beermakers Feel the Heat
EFES is affected by law passed by the Turkish government. The largest beermaker in the Middle East is being buffetted in the world's credit markets at the same time Turkish Prime Minister Recep Tayyip Erdogan has been clamping down on sales of alcohol and its attendant advertising.
Singapore Exchange Opens Yuan Clearing Services
Singapore Exchange is expanding its market by opening a menu of services for yuan denominated transactions.
NY Atty General Finds Service Misconduct in Foreclosures
According to findings by the NY Atty General's office, banks have violated the servicing standards agreement for foreclosures agreed upon last year.
Latest News
Softbank is now undertaking a review of solar power plant projects on Hokkaido island. The Kyodo News agency reported that Softbank Corp is reviewing solar power projects that it is planning to build at the northernmost island of Japan.
Cohen receives subpoena to testify before grand jury. Steven A. Cohen, the embattled hedge fund manager, has received a subpoena requiring his testimony before a grand jury on the government's insider trading investigation into his private equity firm, SAC Capital Advisors.
Top European economic officials hope to fix process to avoid repetition of the chaos that occurred during the Cyprus bailout proceedings.
Billionaire Victor Pinchuk files for breach of contract and breach of trust against fellow Ukranian moguls.
Hans Peter Haselsteiner calls out Conwert governance structure. Investor Hans Peter Haselsteiner is planning to call a special stockholder's meeting for Conwert property group.
Huawei and ZTE to be investigated by EU Trade Commission for anti-dumping and anti-subsidy violations.
Anadarko trades cancelled due to glitch in system. In an expected move, the New York Stock Exchange has announced it would be cancelling the trades of Anadarko Petroleum Corp after a glitch in the system had cut the market value of the firm by 99%.
Syniverse and Mach agrees to conditions set by EU regulators. Syniverse Technologies, the US telecoms services firm, is preparing for the receipt of the European Union antitrust regulatory approval for the Eur550 million or US$710.
Gildemeister has clarified the regulatory website information published as to the plans of Mori Seiki.
