Swiss stocks plunged the most in six months as equities fell around the world amid concern the Federal Reserve will scale back its bond purchases, while a report showed Chinese manufacturing contracted.
Joost Luiten shot a final-round 6- under-par 65 to win the Iskandar Johor Open for his first European Tour success, while Garth Mulroy also got a maiden tour victory to take the Alfred Dunhill Championship title.
Hedge-fund icon Stanley Druckenmiller is quitting the business after three decades, telling investors he’d been worn down by the stress of trying to maintain one of the best trading records in the industry while managing an “enormous amount of capital.”
Store openings of big luxury brands are typically glitzy events reserved for celebrities and press. When Valentino, the Italian maker of cocktail dresses, A-line skirts and $445 espadrilles, opens its next boutique in New York, the company plans to invite regular people to rub elbows with the stars -- if they’re willing to pay for the experience.