Borrowers from moneylenders total 2.5m in Seoul
Seoul - Yonhap
The number of South Koreans who borrowed money from private moneylenders totaled 2.5 million last year, a report said Sunday, estimating the nation\'s private loan market at 8 trillion won (US$7.46 billion). The report issued by the Consumer Loan Finance Association said that the number of borrowers from private moneylenders has risen from 1.43 million in 2009 to 2.52 million in 2011 before slightly falling to 2.5 million in 2012. The amount of outstanding debts owed to private moneylenders amounted to 8.69 trillion won at the end of last year, slightly down from 8.7 trillion won in 2011, said the report released to celebrate the association\'s 10th anniversary.
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France's Carrefour revamps operations
Paris - Emiratesvoice
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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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'Friendly and kind' N. Korean skaters
Taipei - Emiratesvoice
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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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