Dec 4: BoE and Swedish Riksbank cut bank rates to 2%, while ECB chops key lending rate to 2.50%. more | 6:36am: Japanese automaker says it can no longer sponsor Grand Prix team, and must focus on core business in tough economy. more 5:10am: World markets mostly down ahead of key U.S. jobs report. more Dec 4: Central bank cuts rate 1 percentage point to 2% as nation tries to ward off a recession. 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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