The ECB has expressed concerns over reports that Spanish bank BBVA hired a former police chief in 2004 to spy on a would-be buyer and some of its officials have discussed it with the bank, a source with knowledge of the situation told Reuters.
U.S. stocks eked out gains on Thursday to consolidate near a one-month high, helped by advances in healthcare and industrial shares and as the financial sector shrugged off Morgan Stanley's disappointing earnings.
Firefly Value Partners said on Thursday that it wants Gulfport Energy Corp. to buy back $500 million worth of shares, an action the hedge fund argues could help double the stock price of the natural gas and oil company.
OPEC cut oil output sharply in December before a new accord to limit supply took effect, it said on Thursday, suggesting that producers have made a strong start to averting a glut in 2019 as a slowing economy curbs demand.
Sears Holdings Corp Chairman Eddie Lampert won a bankruptcy auction to buy the once iconic U.S. retailer after presenting an improved offer of $5.2 billion, Sears said on Thursday, allowing it to keep its more than 400 stores running.
Concern over China's economic outlook and global trade left major world stock indexes little changed on Thursday, while an end to the latest chapter in Britain's exit from the European Union helped to stabilize sterling.
Germany's Siemens and France's Alstom agreed in 2017 to merge their rail assets, hoping to create a European industrial champion. But the EU's competition authority has doubts about the deal and could turn it down, despite the companies offering to take steps to clinch it.
Swiss watchmakers Audemars Piguet and Richard Mille are snapping up stakes in their franchised shops, seeking to tighten their grip on the sales network as a growing number of top brands ditch wholesalers.
Russia’s sovereign wealth fund and its partners are planning to increase investments in Serbia, with $500 million likely to be added in the next two years. Current Russian investments in the country total $2 billion. Read Full Article at RT.com
A truly extraordinary hotel has opened its doors to tourists in the small Russian town of Alushta in Crimea. The new spaceship-themed complex is also a museum and entertainment center all-in-one. Read Full Article at RT.com
Concern over China's economic outlook and possible U.S. tariffs on European cars dragged stocks lower on Thursday, while an anti-climactic end to the latest chapter in the Brexit saga offered sterling a moment's peace.
The German government is debating whether to follow the United States and allies like Australia in restricting China's Huawei Technologies from accessing its next-generation mobile networks on national-security grounds.
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