European Shares Flat as ChinaFuelled Rally Loses Steam

STOXX 600 flat Sweden cuts interest rates to 3.25 from 3.5 SAP down on report of alleged pricefixing Sept 25 Reuters European shares pared some losses on Wednesday, supported by a rise in basic resources, even as a rally stimulated by China39;s stimulus package showed signs of slowing down. The panEuropean STOXX 600 index was trading […]
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Commerzbank Appoints CFO Orlopp as CEO as UniCredit Builds Up Stake

UniCredit39;s CEO has wanted to explore tieup with Commerzbank Deal would be ambitious attempt at crossborder consolidation Opposition to a deal is fierce in Germany FRANKFURT, Sept 24 Reuters Bettina Orlopp will take over as chief executive officer of Germany39;s Commerzbank in the near future, making her one of the country39;s highestprofile bankers during a tumultuous […]
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UKs Rightmove rejects 8.1B bid from Australias REA Group

Sept 25 xx Reuters British real estate portal Rightmove on Wednesday rejected a sweetened 8.1 billion takeover proposal from Australian property listing firm REA Group, saying the bid undervalued the company. The board considered the increased proposal… and concluded that the increased proposal continues to be unattractive and materially undervalues the company and its future prospects, […]
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Google, Volkswagen Partner on Smartphone AI Assistant

SAN FRANCISCO, Sept 24 Alphabets Google is providing key capabilities for an artificial intelligence assistant for Volkswagen drivers in a smartphone app, part of Google39;s strategy to win business by offering tools to build enterprise AI applications. Consumers can ask Volkswagen39;s inapp assistant questions like How do I change a flat tire? or point their phone cameras […]
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