Kuwaiti crude oil up to $105.64 per barrel
Kuwait - KUNA
The price of Kuwaiti crude oil went up USD 1.49 per barrel (pb) on Tuesday to reach USD 105.64 pb, said Kuwait Petroleum Corporation (KPC) on Wednesday. A state of tug and pull prevailed over the market yesterday due to speculative activity and investors waiting for fresh data, as it is now obvious the recently hailed hard-won deal between Iran and the P5+1 over Tehran's nuclear activity would not result in any immediate rise in supply from Iran to "flood the market" as some had feared. In London, BRENT forward price declined USD 0.12 pb upon settlement yesterday to come to USD 110.88 pb, while the US crude lost USD 0.41 pb to reach USD 93.68 pb in New York. In general, BRENT outdid West Texas Intermediate crude most of the time and the margin between the two benchmark crudes came to its highest in eight months at USD 17.2 pb.
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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
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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
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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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