Bank borrowing in ECB loans programme beats expectations
The euro
Frankfurt - AFP
The European Central Bank pumped more than twice as much liquidity than expected into the financial system Thursday via private-sector loans, data showed.
The Frankfurt-based central bank said 143 banks had borrowed 97.8 billion euros ($104 billion) under the third round of a lending programme aimed at boosting the moribund eurozone economy and halting a stubborn drop in inflation.
The amount borrowed was double that of forecasts of analysts who had pencilled in an uptake of around 40 billion euros under the Targeted Long-Term Refinancing Operations (TLTRO) programme.
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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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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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