Spain, -2.7% in ECB funding to banks in September
Madrid - ANSA
The funding requested by Spanish banks to the European Central Bank (ECB) in September went down 2.7% to 378,176 billion after rising for 11 consecutive months, according to data released today by the Bank of Spain. The reduction was worth 10,56 billion compared to the month of August. This is the active balance which Spanish banks need to give back to the European institution over funding they have been granted. Loans requested by Spanish banks to the ECB have multiplied by five compared to September 2011 to 69,299 billion, highlighting the difficulty faced by Spanish banks in the interbank lending market.
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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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