Deutsche Bank shares plunge 6.0% on news of capital increase
Frankfurt economy
Frankfurt am Main - Arab Today
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Shares in Germany's biggest lender Deutsche Bank fell as much as 6.0 percent as the Frankfurt market opened Monday, hours after the bank announced it would raise cash by issuing new shares. Shares in the bank were down 5.4 percent to trade at 18.10 euros ($19.20) just before 0815 GMT, making Deutsche the worst performer on the Dax index of leading German companies. Sapped by heavy losses, Deutsche on Sunday said it would deepen a long-running restructuring to focus on home market Germany and raise 8.0 billion euros in new capital. |
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With Job Cuts, China Deal
France's Carrefour revamps operations
Paris - Emiratesvoice
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Beirut - NNA
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Paris - Emiratesvoice
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Taipei - Emiratesvoice
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Paris - Emiratesvoice
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to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
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