JPMorgan Chase to pay $297 mn for US misdeeds
New York - AFP
JPMorgan Chase said Monday it had agreed to pay $297 millions to the US Securities and Exchange Commission to settle a dispute over sale of mortgage-backed securities. Most of the punishable activity is attributed to Bear Stearns, the New York investment bank that JP Morgan bought urgently in 2008 in a deal organized by the Federal Reserve to prevent the imploding investment bank\'s losses from pulling down other banks. Bear Stearns collapsed in 2007-2008, the first major casualty of the financial crash that was rooted in the imploding housing sector.
GMT 09:47 2018 Tuesday ,23 January
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US company plans funds that double bitcoin price movesGMT 21:23 2018 Sunday ,21 January
Pence starts Mideast tour in Egypt amid Arab angerGMT 08:54 2018 Saturday ,20 January
Million-euro bill for firm behind Paris bike-share chaosGMT 10:47 2018 Friday ,19 January
German chemical giant BASF sees 'significant' profit leap
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
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
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
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances its presence in specialtyParis show pays homage
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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GMT 11:03 2018 Tuesday ,23 January
No end to eyesores at Taj Mahal
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Saudis reject Mecca holy water scare
GMT 06:36 2018 Friday ,19 January
California couple charged with torturing, abusing their children
GMT 05:10 2018 Thursday ,11 January
China denies report it could halt US bond purchases
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Comedian Chris Rock to host Oscars again
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Norway's government should prepare for a future with lower oil and gas revenues
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Aappa Kadai in Dubai Marine adds spice to life
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Seatrade exhibition tackles maritime skills crisis in UAE
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Damac chairman to speak on digital skills
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Airbus gets early 2018 jump on rival Boeing
GMT 09:33 2018 Tuesday ,16 January
Ad industry can help fix the ‘antisocial’ media epidemic
GMT 06:58 2018 Sunday ,14 January
Olympic flame stops in Seoul
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