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China's economic growth slowed to 4.8% in third quarter: AFP poll
China's economic growth slowed to 4.8% in third quarter: AFP poll
by  AFP

China's economy likely grew at its slowest pace in a year last quarter, according to an AFP survey, dragged down by lacklustre demand and a crisis in the crucial property sector, compounded by a trade war with the United States. The survey of analysts by AFP forecasts the world's number two economy expanded 4.8 percent on-year in July-September.

Spain's BBVA fails in Sabadell takeover bid
Spain's BBVA fails in Sabadell takeover bid
by  AFP

Spanish banking giant BBVA's hostile takeover bid for smaller rival Sabadell has failed, dashing its hopes of creating a new European sector colossus, the stock market regulator announced on Thursday. The leadership of Sabadell, Spain's fourth-largest bank, had persistently rejected BBVA's advances and recommended its plethora of small shareholders reject the bid.

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