UniCredit Buys Commerzbank Stake from Germany, Rekindling Merger Speculation

FRANKFURT, Sept 11 Reuters Italy39;s UniCredit said on Wednesday that it had acquired a 9 stake in Germany39;s Commerzbank and will explore value creating opportunities for all stakeholders in both banks. The purchase makes UniCredit one of Commerzbank39;s largest shareholders and follows speculation in recent years that the Italian lender could be interested in taking over […]
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UKs Boohoo to Stop Supplying US Customers Locally

Boohoo to cease operations at Pennsylvania centre by Nov. 11 Boohoo had previously called site 39;complete gamechanger39; Will return to fulfilling US orders direct from UK To take writedown Shares down 2 LONDON, Sept 11 Reuters Online fashion retailer Boohoo said on Wednesday it would stop supplying U.S. customers from a site in Pennsylvania and return […]
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Oil Recovers after Slide as US Inventory Drop, Storm Support

Hurricane Francine causes offshore production shutins About 24 of crude production in U.S. Gulf of Mexico shut API shows weekly U.S. crude, gasoline stockpiles fall LONDON, Sept 11 Reuters Oil climbed more than 2 on Wednesday, paring some of the previous day39;s losses, as a drop in U.S. crude inventories and concern about Hurricane Francine […]
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French Central Bank sees Q3 Olympic Growth Boost

Olympics could add 0.25 percentage points to Q3 growth Manufacturing struggles with weaker EV demand, supply chain woes Construction sector weak as political crisis hits investment PARIS, Sept 10 Reuters Hosting the Olympic Games gave a boost to France39;s service sector in August but the country39;s political crisis still clouds the economic outlook, the central […]
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Number of German Insolvencies Climbs Further in August

BERLIN, Sept 11 Reuters Germany saw a 10.7 increase in insolvencies in August compared to a year earlier, the federal statistics office reported on Wednesday, adding to data that show persistent difficulties for companies in Europe39;s largest economy. The growth rate in insolvencies has been in doubledigit territory since June 2023, with the exception of […]
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UK Economy Shows no Growth in July as Manufacturing Sags

LONDON, Sept 11 Reuters Britain39;s economy stagnated for a second month running in July as manufacturing output dropped sharply, an inauspicious start for the new government of Prime Minister Keir Starmer who wants to vastly improve the country39;s growth rate. Economic output showed no change in monthonmonth terms in July, as it did in June, […]
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