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Board of Spain's Sabadell bank rejects improved BBVA takeover bid
Board of Spain's Sabadell bank rejects improved BBVA takeover bid
by  AFP

The board of Spanish bank Sabadell on Tuesday rejected larger national rival BBVA's improved hostile takeover bid as 10 days remain for shareholders to make a final decision. BBVA raised its takeover offer by 10 percent last week, but Sabadell said its board had met on Tuesday and, "taking into account all the terms and characteristics of the offer, rejects the offer".

ECB chief says eurozone weathering Trump tariff storm
ECB chief says eurozone weathering Trump tariff storm
by  AFP

European Central Bank chief Christine Lagarde said Tuesday US tariffs had not hit the eurozone as badly as feared, but warned new risks could lie ahead in an uncertain world. After bringing rates down from record highs, the central bank has held them steady at its past two meetings, and most analysts do not expect a change soon. sr/jsk/rmb

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