Fosun International Ltd. rose the most in two months in Hong Kong trading after the investment company made a takeover bid yesterday for Club Mediterranee SA with investors including Axa Private Equity.
A Greek heiress is fighting a legal battle in Switzerland to find out what has become of a collection of Picasso, Van Gogh, Renoir, Monet, Cezanne and Degas art that she says should be part of her inheritance.
Club Mediterranee SA got a takeover bid from shareholders Axa Private Equity and Fosun International Ltd. as they seek to remove the travel company from the spotlight of capital markets to accelerate a turnaround.
On the evening of Oct. 19, as Claudio Abbado conducted the overture to Rossini’s “The Barber of Seville” at Frankfurt’s Old Opera House, members of Europe’s policy elite were in a backroom discussing haircuts.
German Chancellor Angela Merkel and French President Nicolas Sarkozy have never held hands as Helmut Kohl and Francois Mitterrand once did at a World War I battlefield. Merkel worries they don’t even talk enough.
Keeping former President Nicolas Sarkozy in style costs the French taxpayer more than 2 million euros ($2.6 million) annually as his successor drags citizens through an unprecedented shrinking of the state budget.
Following is a timeline of the key steps on the road to the euro currency, from the Bretton Woods conference in 1944 to last week’s agreement to set up a “fiscal compact” among countries using the single currency.