Banks\' short-term overseas borrowing portion hits record low in 2013
Seoul - Yonhap
South Korean banks' short-term overseas borrowing against total foreign-currency debts dipped to the lowest level on record last year as they repaid a large amount of short-term debts and refinanced them with longer-dated debts, the financial watchdog said Tuesday. The outstanding amount of foreign-currency debts totaled US$123.9 billion at the end of last year, up $7 billion from a year ago, according to the Financial Supervisory Service. Local banks have been rushing to raise capital in preparation for massive redemptions scheduled this year and the U.S. Federal Reserve's tapering, the watchdog said.
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France's Carrefour revamps operations
Paris - Emiratesvoice
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Beirut - NNA
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Microsoft to open 4 data centres
Paris - Emiratesvoice
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'Friendly and kind' N. Korean skaters
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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