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(MENAFN - AFP) A previously uncast sculpture by French artist Auguste Rodin, known for works such as "The Kiss" and "The Thinker", is expected to fetch up to one million euros at auction in June, Christie's said Tuesday.

The sculpture, "Aphrodite", which shows the nude goddess of love with her arms elegantly stretched above her head, was created by Rodin in 1913 for a play ...

(MENAFN - AFP) Four organizations claiming to help cancer patients allegedly siphoned off more than $187 million to pay for lavish salaries, luxury vacations and other goods in what could be one of the largest cases of US charity fraud, authorities said Tuesday.

The US Federal Trade Commission and law enforcement officials from all 50 US states charged the organizations with ...

(MENAFN - AFP) Russian lawmakers on Tuesday submitted a bill to parliament that would ban abortions in private clinics and omit them from state insurance policies.

The measure, the latest in Russia's conservative drive and embracing of church values, would allow abortions to be covered by state healthcare only if the pregnancy threatened a woman's life, according to one of ...

(MENAFN - AFP) Austrian holding company Signa, which owns the Karstadt chain of department stores, has made a 2.9-billion-euro ($3.2-billion) offer to buy rival Kaufhof chain from Metro, the business daily Handelsblatt reported Wednesday.

Quoting "several" sources with knowledge about the deal, the newspaper said that Signa, the holding company of Austrian real estate magnate ...

(MENAFN - AFP) European cable and mobile operator Altice said Wednesday it had bought 70 percent of Suddenlink Communications in a deal that values the seventh-largest US cable company at $9.1 billion (8.2 billion).

"With this acquisition, the Altice Group enters the large and attractive US cable market and takes a further step in diversifying and balancing its portfolio ...

(MENAFN - AFP) The Swiss banking giant UBS said Wednesday that it will plead guilty to fraud in the US for manipulating benchmark interest rates and pay $203 million in fines (182 million euros), but has escaped prosecution for foreign exchange manipulation.

The announcement comes as four other major banks are expected to fined billions of dollars for rigging the foreign ...

(MENAFN - AFP) When one of the world's biggest traders of agricultural commodities went to Gabon's government with a multi-million-dollar plan to produce rubber, the authorities jumped at the chance to diversify an oil-dependent economy.

The Batouri rubber plantation and processing plant taking shape in the north not only will bring $400 million (357 million euros) in investments ...

(MENAFN - AFP) India's democratically elected Prime Minister Narendra Modi viewed Shanghai's gleaming skyscrapers at the weekend in search of pointers for his economy, but China believes its one-party state is a key reason for its growth miracle.

China began moving away from its closed-off, Maoist command economy in 1978, recruiting market forces under Deng Xiaoping's "reform ...

(MENAFN - AFP) Asian markets mostly retreated Wednesday following recent gains but Tokyo hit a new 15-year high as the yen sank and data showed Japan's economy growing more than expected.

The euro suffered fresh losses after a European Central Bank official said it would ramp up its massive bond-buying programme, while Greece's debt reform talks with its creditors continued ...

(MENAFN - AFP) Japan's economy grew more than expected in the first three months of the year, data showed Wednesday, as it crawls back from a brief recession, but observers cautioned that a strong recovery may still be some way off.

The 0.6 percent on-quarter expansion was bigger than revised 0.3 percent growth in the last three months of 2014, and beat market expectations ...

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