8:01am: Interest rate matches lowest-ever level for European Union's central bank after half-percentage point cut. more | 9:04am: The oil cartel sees a further drop in demand this year, while 2008 saw the first drop in global oil consumption in 20 years. more 3:10pm: Forecasts predict massive decline in demand for 2009. 'We don't know where the bottom is,' says expert. more 4:01pm: Greenback softens as investors' appetite for risk is revived on economic stimulus talk. 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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