4:50pm: As the economy falters and growth slows in China, political dissent could increase in the communist country. more | 8:28am: AIG agrees to sell its wealth management branch to Aabar Investments PJSC of Abu Dhabi more 3:33pm: The greenback gains on the euro and the British pound, but falls against the Japanese yen, as the U.S. economy is declared to be in a recession. more 3:13pm: Contract ends at 3-1/2 year low. Investors on hold as OPEC decides to wait until Dec. 17 meeting in Algeria to determine output levels. more |
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After a disastrous acquisition spree, the Milanese fashion house, looking to reduce its debt, has decided to raise cash by going public. But at what price? more
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