(MENAFN - AFP) Deep recession, skyrocketing prices and a fragile banking system: although the ruble seems to have stabilised after its abysmal drop this past week, Russia still faces the heavy consequences of the turbulence.
For most Russians, the week ended with relief: after trading at unbelievable levels of 80 to the dollar and 100 to the euro, the ruble appears to have ...
(MENAFN - AFP) Michelin-star food and vintage champagne: airlines are pulling out all the stops to cater to their top-tier passengers' tastes, as they seek a larger slice of the highly profitable market.
"Business class has become the main battleground for all companies because the market in this very profitable sector is highly competitive and the clients very demanding," ...
(MENAFN - AFP) Property billionaire Wang Jianlin rose from a local government bureaucrat to China's richest man by transforming a debt-laden state-owned housebuilder into the sprawling Wanda Group, and the flotation of one of its subsidiaries this week will propel him back up the table of fortune.
Wang has penchants for karaoke and collecting. He's got an impressive collection ...
(MENAFN - AFP) Wall Street in 2014 enjoyed its best year for initial public offerings since 2000, thanks to the record-setting flotation of Chinese Internet giant Alibaba and a barrage of biotech deals.
Activity was "uninterrupted" and proved largely immune to forces that at times rattled equity markets, Renaissance Capital said in a report this week.
(MENAFN - AFP) The Franciscan Order founded by Saint Francis of Assisi, who advocated a life of poverty, is in deep financial trouble following the discovery of massive fraud and is appealing for help.
Italy's Panorama magazine said the 800-year-old order had invested tens of millions of euros in suspect firms currently under investigation in Switzerland for dodgy practices.