US stocks mixed after Chinese rate hike
New York - AFP
US stocks were mixed as markets opened Wednesday, after an interest rate hike by China\'s central bank raised expectations of slower growth in the world\'s second-largest economy. The Dow Jones Industrial Average edged upward 7.98 points (0.06 percent) to 12,577.85 in the first five minutes of trading. The broader S&P 500 dropped 1.86 points (0.14 percent) to 1,336.02 while the tech-heavy Nasdaq Composite slipped 2.13 points (0.08 percent) to 2,823.64. Earlier Wednesday, the People\'s Bank of China said it would raise its benchmark deposit and lending rates by 25 basis points in a bid to fight inflation, amid fears that China\'s economy is overheating.
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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
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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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