Russia could soon follow the Middle Eastern sovereign wealth funds and invest billions of dollars in direct overseas investments if, as expected, its national welfare fund is given more freedom to invest.

CHICAGO - First it was soaring ticket prices and vanishing bargain fares, then new baggage fees. Now air travelers are facing dwindling choices for when they can fly and where - even to such popular tourist destinations as Las Vegas and Orlando.

Given the complex regulatory framework in India, foreign consultants who provide advisory services refer their clients to their Indian subsidiary/group company, which provides services to such clients in India.

Once one of the most promising emerging markets, Brazil is now trembling from the effects of the global financial crisis after seeing nearly a third of the value of its currency wiped out in just two months.

Food saw the highest price hike of 36.03 percent. Although rice price has reduced since early this month after a surge late April, it remains higher than the average rice price last month.