Armani 'Doesn’t Rule Out' Merger or IPO In Succession Plan
Three months before his 90th birthday, Giorgio Armani is hinting at possible big changes for his Italian fashion empire once he’s no longer in charge.
Three months before his 90th birthday, Giorgio Armani is hinting at possible big changes for his Italian fashion empire once he’s no longer in charge.
European and US equity index futures declined as global markets were rocked by fresh conflict in the Middle East that sent stocks lower while oil and haven assets including Treasures and the dollar higher.
Indonesia said fiscal and monetary policies are in sync to cushion the economy from the rising dollar, demonstrating an all-hands-on-deck approach, with the central bank signaling they’re intervening more actively to aid the rupiah.
The Mexican peso slumped the most in four years as increasing conflict in the Middle East sapped demand for the currency that has been one of the favorite targets for carry trades.
It’s still too early to declare that euro-area inflation has been vanquished, even if the European Central Bank is on track to deliver a first interest-rate cut in June, Governing Council member Martins Kazaks said.
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