'Many' Fed members favor near-term rate hike
A majority of US central bankers favor raising benchmark interest rates
Washington - Emirates Voice
A majority of US central bankers favor raising benchmark interest rates in the near term, signalling the Federal Reserve is likely to tighten monetary policy next month, minutes from their last meeting revealed Wednesday.
But sharp disagreements persist among policymakers over the dangers of inflation and the need to raise rates, according to the minutes of the Fed's October 31-November 1 meeting.
Some members are also concerned that Wall Street's dizzying heights and record-smashing rallies could spell trouble.
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France's Carrefour revamps operations
Paris - Emiratesvoice
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Beirut - NNA
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Microsoft to open 4 data centres
Paris - Emiratesvoice
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'Friendly and kind' N. Korean skaters
Taipei - Emiratesvoice
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Sanofi buys US haemophilia treatment
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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