Germany's benchmark DAX index rallies
Germany's benchmark DAX
Frankfurt - XINHUA
The benchmark DAX index at the Frankfurt Stock Exchange on Friday rallied and closed at 10,167.77 points.
In spite of the turmoil on some financial markets in the world as a result of the decision by the Swiss National Bank (SNB) to scrub its exchange rate cap with euro, the blue-chip index touched an all-time high of 10,207.97 points. It finally rose by 1.35 percent and analysts believe the expectation for an announcement from the European Central Bank to buy government bonds was behind the rally.
The utilities company RWE AG St rose the most by 4.4 percent. ThyssenKrupp AG continued its upward trend, gaining 2.9 percent. Volkswagen AG Vz advanced by 2.84 percent. BMW AG St added 2.77 percent and Bayer AG went up by 2.66 percent.
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Paris - Emiratesvoice
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Beirut - NNA
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Paris - Emiratesvoice
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Taipei - Emiratesvoice
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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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