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European exchanges close mixed

ISTANBUL: European stocks closed Wednesday on a mixed note.

The STOXX Europe 600, which includes around 90% of the market capitalization of the European market in 17 countries, rose 0.07 points, or 0.01%, to finish the day flat at 508.02.

Germany’s …

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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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