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Corporate News 09 Dec 2017 | 12:00 AM Premium

Debt King Drahi builds a cable empire on credit

PARIS: The best description of Patrick Drahi’s business model may be the one he gave last year in a talk at his alma mater. “I bought everything on credit,” he told students at French engineering school Polytechnique. “I didn’t take much risk. It’s the banks that lent everything.”

Business 24 Dec 2008 | 12:00 AM Premium

Madoff investor found dead of suicide

NEW YORK (AP) - The founder of an investment fund that lost $1.4 billion with Bernard Madoff was discovered dead Tuesday after committing suicide at his Madison Avenue office, marking a grim turn in a scandal that has left investors around the world in financial ruin.

Business 27 Sep 2005 | 12:00 AM Premium

Dubai financial exchange sees modest start

The Dubai International Financial Exchange, or DIFX, opened trading yesterday with a modest listing of five stock index certificates tracking major European, Japanese and US markets.