Morgan Stanley posts 2011 profit despite Q4 loss
New York - AFP
Investment bank Morgan Stanley on Thursday reported a $4.2 billion profit for 2011, amid a late year loss that was not as bad as Wall Street feared. The New York-based bank said it lost a modest $227 million in the fourth quarter, helping to pull profits for the full year down around seven percent from 2010. It has been a difficult year for the firm, with thousands of job cuts announced as well the departure of chairman John Mack. Despite the downscaling, Morgan Stanley still spent $16.4 billion on compensation. Much of the fourth quarter loss was thanks to a loss of $1.7 billion related to municipal bond insurance firm MBIA.
GMT 19:30 2018 Wednesday ,03 January
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India's central bank holds rates at seven-year lowGMT 17:55 2017 Sunday ,03 December
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Deutsche Boerse taps top banker as new CEO
Argentine peso starts to recover after two days of crashes
Buenos Aires - AFP
Argentina's peso began to recover on Friday as markets opened, making a tiny 0.68 percent gain after losing 20 percent of its value against the dollar over the previous twoTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Al Maghrib Today
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 onVAR in Champions League only from 2019-20 season
Moscow - AFP
UEFA are set to wait until next season before introducing Video Assistant Referees (VAR) in the Champions League, although they are still not ruling out having it in this season's final, president Aleksander Ceferin said on Friday. Ceferin has soFor $11.6 bn
Sanofi buys US haemophilia treatment firm
Paris - Al Maghrib Today
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances itsParis show pays homage
To 'eternal style' of late Alaia
Paris - Al Maghrib Today
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" opened 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 hisGMT 09:22 2018 Monday ,22 January
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World No.1 Murray beats Verdasco to win Dubai Tennis Championship title
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GMT 22:01 2017 Wednesday ,01 March
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GMT 12:42 2017 Saturday ,18 November
Brigitte Bardot says Trump 'unfit' after permitting elephant trophies
GMT 17:20 2018 Wednesday ,17 January
EU to remove Panama, South Korea from tax haven blacklist
GMT 17:50 2018 Wednesday ,03 January
King Salman receives Cypriot president
GMT 18:00 2017 Monday ,18 December
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Russia launches cargo ship to space station
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