(MENAFN - AFP) Citigroup said on Thursday it was selling its century-old Japanese retail banking operations to major lender Sumitomo Mitsui as part of an effort to shrink its consumer business globally.
Financial details were not released, but Japanese news reports estimated the deal to be worth about 40 billion yen ($333 million).
(MENAFN - AFP) The plunge of the ruble hasn't left only Russians shell shocked -- foreign workers from traders to maids are considering bailing out as Moscow turns from an El Dorado into a financial black hole.
The phenomenon is not quantifiable nor is there anything to indicate an exodus of expatriates is under way, but many admit to considering whether it is time to leave ...
(MENAFN - AFP) Saudi Arabia has given a "final warning" to avoid delays on an $8.2 billion high-speed rail project which Spanish and Saudi firms are helping to build.
The Haramain High Speed Rail system is to transport Muslim pilgrims, as well as regular travellers, 450 kilometres (280 miles) between the holy cities of Mecca and Medina via the Red Sea port of Jeddah.
(MENAFN - AFP) Before her husband died, Katia Abreu was a housewife who didn't know a cow from a bull.
Today, she is a powerful rancher and senator who was named Brazil's next agriculture minister, a choice that has infuriated small farmers, environmentalists and indigenous groups who call her the "queen of deforestation."