6:24am: Europe flat, Nikkei sinks, Aussie stocks rise, Iceland moves to shore up its economy. more | 2:17pm: Prime Minister Brown in talks with banking, finance chiefs as investors express fear government hasn't done enough. more 12:08pm: Finance ministers increase guarantees for bank deposits as central banks inject cash to foster lending. more 10:01am: European Union more than doubles minimum deposit guarantee to €50,000 but falls short of France's proposal. 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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