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EU companies grow, innovate less than Americans: IMF

ISTANBUL: Companies in the EU grow and innovate less than their American counterparts, according to the International Monetary Fund (IMF) on Wednesday.

The report said productivity and innovation among large companies have diverged markedly across bo…

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UniCredit buys 9% of Germany’s Commerzbank

Italy’s UniCredit said Wednesday that it has acquired a 9% stake in Germany’s Commerzbank.

It said it bought about half of the stake via a bid to the German government, which is seeking to reduce its stake in the bank after a bailout 16 years ago, a…

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