BERLIN / Bloomberg Once upon a time, the euro had aspirations to challenge the dollar’s status as the world’s reserve currency of choice. Instead, the common European currency is losing favour as a store of value. And as European banks scale back their trading activities, the euro’s role on the global stage is likely to diminish further. Almost a …

  Bloomberg Bill Winters found more than just bad loans when he took over Standard Chartered Plc. He says he uncovered a culture where a few senior managers flouted ethics rules for personal gain and considered themselves ‘above the law.’ The lender is cracking down after ‘recent transgressions’ concerning some employees’ outside business interests, close financial dealings with co-workers and …

  Sunaina Rana / Emirates Business Arabian Automobiles Company (AAC), the flagship company of AW Rostamani Group is one of the leading automotive dealers in the GCC and also exclusive distributor for Infiniti in Dubai and Northern Emirates. The brand is also the middle of a major product offensive. It has been widely acclaimed for its iconic design and innovative …