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MOSCOW: When Olga Savelyeva took out a $226,000 mortgage to buy a small apartment on the outskirts of Moscow in 2008, she could never have imagined that the ruble would lose more than half its value in a few short years.
PETALING JAYA: AmMetLife Insurance Bhd, a unit of the Ambank Group, has received approval from Bank Negara to appoint Ramzi Toubassy as CEO. Toubassy will be based in Kuala Lumpur.
FORTALEZA Brazil: In two years of tough negotiations to create the new BRICS development bank, the main stumbling block was not a lack of resources or commitment, but fellow partner China.
PARIS: Europe’s governments are turning their attention to prostitution, drugs and contraband as possible ways of boosting their economic growth profiles, as they struggle away from their debt crises.