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German lender Commerzbank's profits jump as it fends off UniCredit
German lender Commerzbank's profits jump as it fends off UniCredit

German lender Commerzbank on Friday reported its best quarterly profit since 2011, ahead of a key shareholder meeting where it will seek to rally support to fend off advances from Italy's UniCredit. Commerzbank's bosses are set to use an annual general meeting next Thursday to rally support for their strategy to remain independent.

China sales to US slump even as exports beat forecasts
China sales to US slump even as exports beat forecasts

China said Friday sales to the United States slumped last month while its total exports topped forecasts, as Beijing fought a gruelling trade war with its superpower rival. However, exports to the United States -- one of China's top trading partners -- fell 17.6 percent month-on-month, data showed.