Commerzbank Shares Fall 3, German Government Retains Stake

FRANKFURT, Sept 23 Reuters Shares of Commerzbank traded 3.1 lower on Monday after the government said that it would retain its 12 stake in the German bank for now in a move that will likely keep any merger with Italy39;s UniCredit on hold. Late on Friday, Germany39;s Finance Agency said the state will not sell any more shares in […]
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Big UK Investors Poised to Buy the Dip in US Property

LONDON, Sept 23 Reuters British investment managers Legal General and Schroders are to invest hundreds of millions of dollars in commercial property in the United States, but are largely steering clear of the hardhit office sector, the companies told Reuters. The fund managers, which oversee more than 1.9 trillion pounds 2.5 trillion of assets between them, said […]
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Toronto Stocks Edge Lower as Energy, Industrials Drag

Sept 20 Reuters Canada39;s main stock index slipped on Friday, hurt by declines in energy and industrials shares, as investors paused a day after an oversized interestrate cut in the United States fueled broader gains in global markets. The Toronto Stock Exchange39;s SPTSX composite index was down 83.53 points, or 0.35, at 23,782.74, but was set […]
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Europe Shares Slip but Set for Weekly Gains; Mercedes Drops

Mercedes drops after it cuts outlook, flags China weakness UK39;s Burberry slips after Jefferies downgrade Luxury goods sector drops over 2 STOXX 600 down 0.4 Sept 20 Reuters European shares slipped on Friday after a rally in the previous session spurred by the U.S. Federal Reserve39;s outsized interest rate cut, while shares of Mercedes were […]
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