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Spanish bank BBVA goes hostile in Sabadell takeover bid
Spanish bank BBVA goes hostile in Sabadell takeover bid
Economy
by  AFP

Spain's second-largest bank BBVA announced Thursday a hostile takeover bid for Banco Sabadell, three days after its smaller rival rejected an offer that would create a European banking giant. BBVA president Carlos Torres Vila is scheduled to take part in a press conference on Thursday at noon (1000 GMT) to discuss its hostile takeover bid for Sabadell.

Chinese city lifts curbs on buying homes as property crisis bites
Chinese city lifts curbs on buying homes as property crisis bites
Economy
by  AFP

One of China's wealthiest cities said Thursday it would lift all restrictions on buying homes, joining a growing list of urban areas rolling back curbs as they look to prop up the faltering property market. Several of the biggest cities, including Beijing, Shanghai and Shenzhen, have partly lifted curbs but have resisted dumping them entirely.