FRANKFURT, Germany - Europe's recovery is in danger. Governments are under pressure to save it, but struggling with political obstacles and disagreement among themselves over what to do.
In what could be termed as the world's largest initial public offering (IPO) in years, Chinese e-commerce giant Alibaba Group is expected to launch its US IPO in the first week of September.
Andrea Guerra will step down as chief executive of eyewear group Luxottica with a �45m exit package after Leonardo del Vecchio, the 79-year-old founder, returned to the frontline of the group he created half a century ago.
Russian President Vladimir Putin indicated OAO Rosneft (ROSN) offered a stake in the country's second-biggest oil project to China, welcoming the participation.
Russia is currently facing a mortgage market boom, and banks in the region are doing whatever they can to capitalize on the increased interest (pun not intended) in home ownership.