France\'s Societe Generale takes hit on Greece
Paris - AFP
French banking giant Societe Generale said Thursday its 2011 net profit slumped 39 percent after taking provisions of 890 million euros on its Greek exposure and a weaker investment bank performance. Net profit for the year came in at 2.38 billion euros ($3.70 billion), well below analyst estimates for 2.72 billion euros. Societe Generale which has announced a series of job cuts at its investment bank unit said it added 162 million euros to its Greek provisions in the fourth quarter and had now covered 75 percent of its exposure to the debt-stricken country.
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France's Carrefour revamps operations
Paris - Emiratesvoice
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Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
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Microsoft to open 4 data centres
Paris - Emiratesvoice
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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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