More Signs of an Australian Slowdown

Australia’s dollar remained lower following a three-day decline amid predictions the nation’s central bank will lower the benchmark interest rate today.
Pirelli on Track for Chinese Takeover
14:41 - Pirelli is on course to be taken over by ChinaChem - a state-owned chemical giant that makes everything from pesticides to latex to resins for plastics. The deal could bolster the Italian tire maker’s presence in the industrial market and value it at 7.4 billion euros, while continuing to manufacture high-end car tires for elite brands like Ferrari, McLaren and Bentley. Bloomberg's Eric Johnson reports. (Source: Bloomberg)
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