Korean unit of Macquarie Funds Group censured for malpractice
Korea financial investment
Seoul - Yonhap
The South Korean unit of Australia-based asset manager Macquarie Funds Group faces a three-month business suspension and was fined 100 million won (US$910,000) for business malpractice linked to bond trading, the country's financial watchdog said Friday.
According to the Financial Supervisory Service, Macquarie Investment Management Korea has been involved in the business malpractice of "parking" bonds at brokerages for a certain period, not immediately recording bond purchases on the balance sheets of funds under management.
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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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