South Korean banks allowed to invest in Chinese bonds
South Korean bank
Seoul - Yonhap
Chinese financial regulators have virtually agreed to allow South Korean banks and other financial institutions to invest in Chinese bonds, lowering the bar that was only opened to asset managers, officials here said Sunday.
South Korea's Financial Services Commission (FSC) said it has reached a near agreement with its Chinese counterpart to give South Korean banks, brokerages and insurance firms a status known as RQFII, the Renminbi Qualified Foreign Institutional Investors. Foreign institutions need the status to be able to invest in Chinese equities.
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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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