ECB to halve bond purchases from January
The European Central Bank
Frankfurt am Main - Emirates Voice
The European Central Bank on Thursday announced it would halve its monthly bond purchases to 30 billion euros ($35 billion) from January but extend the easy money scheme until well into next year.
"From January 2018 the net asset purchases are intended to continue at a monthly pace of 30 billion euros until the end of September 2018, or beyond, if necessary," the bank said in a statement.
The ECB is currently buying 60 billion euros in government and corporate bonds each month to help push up eurozone growth and inflation.
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France's Carrefour revamps operations
Paris - Emiratesvoice
France's Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China. Carrefour, which was the world'sTo partake in Beiteddine Festivals
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Beirut - NNA
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Microsoft to open 4 data centres
Paris - Emiratesvoice
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onIn Olympic Spotlight
'Friendly and kind' N. Korean skaters
Taipei - Emiratesvoice
North Korea's figure skaters Ryom Tai-Ok and Kim Ju-Sik are "friendly and kind and a little bit shy", South Korea's Kim Kyueun said Tuesday ahead of their hugely anticipated Olympic appearance. The skater is competing with her partner Alex Kam in theFor $11.6 Bn
Sanofi buys US haemophilia treatment
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 ledGMT 13:06 2012 Thursday ,14 June
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Hamdallah, Singapore Prime Minister meet
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16 police patrols deployed in Dubai's tourist areas, malls
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Australia keen on fostering cooperation with Al Azhar
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Rousseff urges vote against impeachment
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Germany loans Lithuania 'birth certificate'
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Electricity Minister receives German ambassador
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UN vote Friday on measure to weaken Iraq Islamists
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Singaporean president visits Giza pyramids plateau
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