Michael Kors acquires Gianni Versace in a bid for the luxury market
The handbag maker is paying $2.1 billion for the high-end fashion company. Donatella Versace, who has headed her family's namesake company since her brother was murdered in 1997, will continue to run the brand.
NEW YORK: Global equity markets dipped on Tuesday as nervous investors awaited indications whether the Federal Reserve will be able to raise interest rates much further amid turbulent markets and a weakening outlook for the global economy.
KUALA LUMPUR: Malaysian palm oil futures rose more than 1 percent on Tuesday and hit its highest level in six weeks, tracking gains in U.S. soyoil in Chicago and supported by prospects for an easing of production..
NEW YORK/KUALA LUMPUR: Malaysia on Monday filed criminal charges against Goldman Sachs Group Inc related to its dealings with the state fund 1Malaysia Development Bhd (1MDB), and Goldman fired back that the previous Malaysian government had lied to the investment bank.
Malaysian authorities charged the bank and two former Goldman employees in connection with an investigation into suspected corruption and money laundering related to the scandal.