Spain\'s BBVA bank sees profits slump
Madrid - AFP
Spain\'s second largest bank, BBVA, reported third-quarter net profits of 804 million euros Wednesday, down 29.5 percent from the same period last year, blaming market turmoil. The result was below the consensus forecast of 840 million euros from analysts polled by Dow Jones Newswires. The bank said net interest income, the difference between loan income and what the bank pays out on deposits, beat market expectations, rising 1.3 percent to 3.286 billion euros against a forecast 3.218 billion. BBVA bank said in a statement that during the third quarter it faced \"maximum stress\" from liquidity pressure and the eurozone sovereign debt crisis.
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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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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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