Bank of America agrees to $8.5 bn in mortgage claims
Paris - AFP
Bank of America said on Wednesday it would pay $8.5 billion dollars to clear claims from the home-loan crisis, take a charge of $5.5 billion and said it expected a quarterly net loss of up to $9.1 billion. \"We will continue to act aggressively, and in the best interest of our shareholders, to clean up the mortgage issues largely stemming from our purchase of Countrywide,\" chief executive Brian Moynihan said. \"This is another important step we are taking in the interest of our shareholders to minimize the impact of future economic uncertainty and put legacy issues behind us.\"
GMT 05:55 2018 Tuesday ,23 January
US tax reforms send UBS profits plungingGMT 13:12 2018 Sunday ,21 January
CBB signs memorandum of understanding with DFSAGMT 04:49 2018 Saturday ,20 January
HSBC in $100 million forex fraud settlementGMT 14:14 2018 Wednesday ,17 January
Strong euro 'source of uncertainty' for ECBGMT 17:00 2018 Tuesday ,16 January
IMF 'concerned' by Kiev's plan for anti-corruption courtGMT 19:29 2018 Monday ,15 January
Central Bank issues commemorative coin for Dh189GMT 06:05 2018 Sunday ,14 January
Bitcoin shouldn't become the new Swiss bank accountGMT 21:23 2018 Wednesday ,10 January
BCCI elections committee holds second meeting
With Job Cuts, China Deal
France's Carrefour revamps operations
Paris - Emiratesvoice
France's Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China. Carrefour, which was the world'sTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Emiratesvoice
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onIn Olympic Spotlight
'Friendly and kind' N. Korean skaters
Taipei - Emiratesvoice
North Korea's figure skaters Ryom Tai-Ok and Kim Ju-Sik are "friendly and kind and a little bit shy", South Korea's Kim Kyueun said Tuesday ahead of their hugely anticipated Olympic appearance. The skater is competing with her partner Alex Kam in theFor $11.6 Bn
Sanofi buys US haemophilia treatment
Paris - Emiratesvoice
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances its presence in specialtyParis show pays homage
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
GMT 10:18 2016 Wednesday ,23 March
cartoon seven
GMT 09:54 2018 Wednesday ,24 January
'Friendly and kind' N. Korean skaters
GMT 06:15 2018 Tuesday ,23 January
Volkswagen clinches record sales
GMT 10:18 2018 Thursday ,30 August
Iran incapable of closing Hormuz, Bab Al Mandeb
GMT 00:36 2017 Sunday ,22 January
A media campaign in Israel backed by former security
GMT 12:06 2017 Sunday ,22 January
LatAm wary about Trump impact
GMT 11:09 2017 Thursday ,28 December
North Korea denies role in WannaCry ransomware attackGMT 08:21 2012 Monday ,05 March
Ittihad Kalba bring home inaugural beach soccer title
GMT 08:34 2017 Saturday ,17 June
Fujairah Crown Prince hosts discussion on time management
GMT 00:41 2017 Tuesday ,21 February
Japan naming 88 manga, animation landmarks to boost tourism
GMT 13:25 2016 Thursday ,29 September
Olympics: Tokyo eyeing drastic overhaul as costs surge
GMT 05:32 2018 Friday ,19 January
To develop oil fields retaken from Kurds
GMT 05:44 2017 Friday ,19 May
EU fines Facebook 110 mn euros over 'misleading' info in WhatsApp takeover
GMT 20:06 2017 Saturday ,17 June
My life of fear in a war-torn city Babak Anvari reflects
GMT 13:14 2016 Friday ,16 September
Civil War hero US South still cannot embrace
GMT 12:15 2017 Sunday ,08 October
7 citizens killed during air raids on Khan ShaikhounGMT 14:24 2012 Monday ,20 February
Adele fights back
GMT 03:30 2015 Thursday ,25 June
Glastonbury gates open to music revellers
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