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Email this article: Barclays chairman quits over Libor, Chief Executive clings on
china wholesale market
Posted: Mon July 2, 2012 9:51 am
INTERNATIONAL. Marcus Agius quit on Monday, saying "the buck stops with me" after an interest rate rigging scandal dealt "a devastating blow" to the bank's reputation.
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UAE. Consumption of luxury goods up 11% in the GCC, according to Bain & Company; China luxury market shows a shift in consumer preferences and ties to the GCC; In the UAE, Chinese represent about 2.5% of overall tourists, but account for 7% of the mall footfall and even bigger part of the spend.
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