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Spanish bank BBVA raises offer for rival Sabadell
Spanish bank BBVA raises offer for rival Sabadell
Business and Economy
by  AFP

Spanish banking giant BBVA raised its takeover offer for Sabadell on Monday as it seeks to lure its smaller rival's shareholders before the October 7 deadline to accept its hostile bid. BBVA said it would not make further improvements to the bid or extend the deadline for shareholders to accept it.

New boss of Germany's crisis-hit railways vows 'new start'
New boss of Germany's crisis-hit railways vows 'new start'
Business and Economy
by  AFP

The new chief of Germany's beleaguered rail network vowed Monday to make a new start, with the state-owned operator widely criticised for deteriorating services. Schnieder nevertheless vowed "many billions" would help get the network back on its feet, with 100 billion euros ($118 billion) earmarked for renewing it by 2029.