Kuwaiti crude up 19 cents to $103.96 per barrel
Kuwait - KUNA
With an up of 19 cents, Kuwaiti crude oil was trading for USD 103.96 per barrel (pb) on Tuesday compared to USD 103.77 pb on Monday, according to the daily price bulletin of Kuwait Petroleum Corporation, Wednesday. The oil market is under the influence of forecasts of drop in US stockpiles ahead of the official figures which are due to be published later today. The commodities market also awaits the testimony of US Federal Reserve Chairman Ben Bernanke before Congress on possibility of slowing down stimulus measures by later this year ahead of total stop by mid 2014, should the US economy show enough signs of recovery. Crude traded for an average USD 106.23 in the New York exchange, peaking at USD 107.15 and hitting a low of USD 105.78 pb. The Brent crude meanwhile sold for USD 108.99 on average.
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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
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
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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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