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Citi banker Stine to join Citadel -source
Hedge fund Citadel, which launched an investment banking group earlier this year, has hired a senior Citigroup Inc financial institutions investment banker, a source familiar with the matter said on Friday.
IB Times Saturday, August 15, 2009

Kuwait Finance, UDR to set up U.S. property JV
Islamic lender Kuwait Finance House (KFH) is tying up with United States apartment building owner UDR Inc to buy high income property in the United States to tap lower asset prices.
IB Times Saturday, August 15, 2009

ITC initial ruling favors Nokia in InterDigital case
A U.S. International Trade Commission (ITC) judge on Friday issued an initial determination in favor of Nokia Oyj in an action brought by InterDigital Inc against Nokia.
IB Times Saturday, August 15, 2009

China joint-stock banks' H1 net down 19 pct-Xinhua
China's 12 joint-stock commercial banks posted net profit of 45.2 billion yuan ($6.6 billion) in the first half of this year, down 19.3 percent from a year earlier, the official Xinhua news agency reported on Saturday, quoting a banking regulatory official.
IB Times Saturday, August 15, 2009

Swedish consortium eyes Volvo cars bid: report
A consortium dominated by Swedish owners plans to bid for Ford Motor Co's Volvo car unit, a Swedish business daily reported on Saturday without disclosing its sources.
IB Times Saturday, August 15, 2009

Mexico's Cemex extends $15 bln debt, may sell shrs
Mexico's Cemex, the world's No. 3 cement maker, said on Friday it finalized a $15 billion debt restructuring to avoid default and announced it could sell shares worth about $1.7 billion as part of the deal.
IB Times Saturday, August 15, 2009

Dana Gas Q2 profit surges on Kurdish Iraq ops
United Arab Emirates firm Dana Gas posted a second-quarter net profit of 392 million dirhams ($106.7 million), a more than eleven-fold increase on the year-earlier period.
IB Times Saturday, August 15, 2009

QNB Syria's $37 mln IPO almost twice oversubscribed
The Syrian unit of Qatar National Bank (QNB) said on Saturday a 1.7 billion Syrian pounds ($36.9 million) initial public offering was oversubscribed 1.7 times.
IB Times Saturday, August 15, 2009

Former VW CEO tipped to head Continental AG board-report
The previous chief executive of Volkswagen, Bernd Pischetsrieder, is favourite to head the supervisory board of German car parts maker Continental AG, magazine Der Spiegel reported, without saying where it obtained its information.
IB Times Saturday, August 15, 2009


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