Alibaba Group Holding Ltd. (BABA), a Chinese e-commerce company, has sold 320.1 million shares for $68 each, raising a record $21.8 billion in a US initial public offering (IPO), Bloomberg reported Friday.Add comments
In a resolution adopted Thursday, the European Parliament called on the EU member states to consider excluding Russia from the Society for Worldwide Interbank Financial Telecommunication (SWIFT) financial transaction system.
The only purpose for imposing restrictions on imports from countries that sanctioned Russia is to defend national interests, Moscow does not plan to punish them or put pressure on anyone, Russian President Vladimir Putin said Thursday.
The European Bank for Reconstruction and Development (EBRD) has revised the Ukrainian economy growth forecast for 2014, expecting its GDP to fall by 9% instead of the earlier predicted 7% decline, the bank's press release states.
The European Bank for Reconstruction and Development (EBRD) forecasts positive growth of the European countries' GDP, however, the bank admits that Russian import ban could affect the economies of the Central European and Baltic states, according to the bank's press release.
The Moscow Arbitration Court at the request of Russia's public health agency Rospotrebnadzor has fined Burger Rus LLC, operator and manager of Burger King restaurants in Russia, 100,000 rubles ($2,583) for the storage of unauthorized items in refrigerators alongside food, a source in the court told RIA Novosti Wednesday.