SEC suspends 10% limit on share price movements
Colombo - Arabstoday
Sri Lanka’s Securities and Exchange Commission (SEC) suspended a 10 per cent limit on share price movements with immediate effect, helping to boost the island nation’s bourse to a two-month high. The regulator imposed the 10 per cent daily limit in late 2010 to curb price manipulation in penny stocks and “pump-and-dump” schemes and to maintain market stability. The SEC has been imposing the limit on shares that moved in heavy trade and were volatile without a fundamental reason, to the anger of many brokers and high net worth investors who saw it as a way of controlling trading volume and limiting brokers’ commissions.
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France's Carrefour revamps operations
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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