Kuwait crude up 60%, settles at $105.84 pb
Kuwait - KUNA
Kuwaiti crude oil jumped 60 cents to settle at USD 105.84 per barrel (pb) Tuesday compared with USD 105.24 pb, said Kuwait Petroleum Corporation on Wednesday. It noted that the price rise came as energy markets set aside worries about a financial crisis in Cyprus over bank deposits taxation. The KPC also expected an increase of 2 million barrels in US crude oil reserves to hit 386 million barrels vis-@-vis an expected 2 million-barrel decline in the US gasoline reserves. If the reserves\' forecasts turned to be accurate, the oil prices would take a downward journey in the coming days, it added. The price of the US crude oil for April delivery was up 8 cents to USD 93. 82 per barrel in trading on the New York Mercantile Exchange while the price of Brent crude oil hiked by 31 cents to USD 109.51 per barrel.
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With Job Cuts, China Deal
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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
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Beirut - NNA
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Paris - Emiratesvoice
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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
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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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