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Commerzbank again in focus as a takeover candidate
A lot has happened since we last looked at Commerzbank on April 18 (Another party interested in Commerzbank?). Deutsche Bank and Commerzbank have declared their merger talks closed. The two financial institutions were unable to reach an agreement. Speculation that Dutch ING Bank had an interest in acquiring Commerzbank has so far not led to[…]
Euro turns lower after weak German data and Italian budget woes
The euro currency reversed course against the U.S Dollar on Tuesday after the German ZEW survey showed investor confidence towards the German economy fell sharply last month. The EUR/USD pair had initially started the new trading week supported by a renewed bid-tone following a strong weekly price close above the 1.1200 level. The ZEW economic[…]
Asian currencies fall as trade war concern weigh on sentiment
Asian currencies fell across the board on Monday amidst mounting concerns over the impasse in trade negotiations between the United States and China. The offshore Chinese yuan currency suffered its biggest daily loss in nine months against the dollar while the South Korean won currency fell to its weakest trading level against the greenback since[…]