News Source: Sydney Morning Herald
| about 6 hours ago
An artisan's sensibility is the key to this perfume maker's cult following, writes Helen Greenwood. When Fabrice Penot flew in from New York to launch his cult Le Labo perfumes in Sydney, he faced some stiff competition. At one end of Myer's ground
News Source: Zawya Market News
| about 22 hours ago
UAE shares extended losses for a second session on Tuesday, as investors continued to unload stocks ahead of a four-day break, bucking a rebound in global stocks as concerns eased about Dubai World. The government-owned group, which is seeking to
News Source: The independent
| 1 day ago
The communications regulator Ofcom could allow BT to increase its charges to wholesale customers such as BSkyB and Carphone Warehouse to help plug its £9.4bn pensions deficit. The watchdog signalled yesterday that one outcome of its review into
News Source: 7days
| 1 day ago
After almost a week of silence, during which speculation ran riot both here and abroad, Dubai World said yesterday that the restructuring it was referring to was not what everyone thought it was. The entire group was not defaulting on its $59 billion
News Source: 7days
| 1 day ago
The Abu Dhabi and Dubai stock markets fell again yesterday, despite reassur-ances from Dubai World that the repayments it wants to put on hold are much less than its total debt. Dubai World released a statement before the markets opened, which said
News Source: Financial Times
| 1 day ago
Standard Chartered , Royal Bank of Scotland , Lloyds and local banks – have formed a steering committee, according to a person familiar with the matter, and are expecting to meet Dubai World representatives on Sunday or Monday. Since the government
News Source: Financial Times
| 1 day ago
All residents are stunned at how a famed model of brash, extravagant growth has been transformed from a beacon of hope for an entire region into a case study in crisis management...The skyscraper-studded Gulf city is a changed and chastened place
News Source: The Irish Times
| 1 day ago
The troubled state-controlled conglomerate yesterday shed some light on how it planned to restructure $26 billion in debt,including through asset sales, in its first statement since requesting a delay in repaying billions in debt til May 2010. The