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BBVA's Sabadell takeover bid fails: Spanish regulator
BBVA's Sabadell takeover bid fails: Spanish regulator
Economy
by  AFP

Spanish banking giant BBVA's hostile takeover bid for smaller rival Sabadell has failed, the stock market regulator announced on Thursday, dashing BBVA's hopes of creating a new European sector colossus. 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.

'Battlefield' video game sees big-time sales
'Battlefield' video game sees big-time sales
Economy
by  AFP

The latest installment of military video game "Battlefield" hit the market with sales rivaling that of blockbuster rival "Call of Duty," publisher Electronic Arts (EA) announced on Thursday. That is on par with sales reported for the October 2024 debut of the most recent "Call of Duty" game, a new installment of which is set for release next month.

US budget deficit narrows just slightly despite tariff revenues
US budget deficit narrows just slightly despite tariff revenues
Economy
by  AFP

The US budget deficit narrowed just slightly over the past year, official data showed Thursday -- despite a surge in customs revenues, which hit a record as President Donald Trump imposed wide-ranging tariffs since January. Trump has repeatedly trumpeted the tariff revenues his administration has collected this year.