Basque government raises €500M from bonds to fund regional industrial investment strategy

Ares Management nears deal to take control of French football club Olympique Lyonnais alongside businesswoman Michele Kang, sources say.

Ares Management is close to agreeing a deal to take control of financially-stricken French football club Olympique Lyonnais, alongside businesswoman Michele Kang, sources say.

Germany rejects UniCredit's takeover offer for Commerzbank, calling bid inadequate and reaffirming support for bank's independence. The government, holding 12% of shares, said the offer lacks a sufficient premium over the current share price.

The German government on Tuesday rejected Italian bank UniCredit's takeover offer for Commerzbank, escalating the battle over Germany's second-largest private bank. The finance agency said the bid lacks an adequate premium, and the government reiterated its support for Commerzbank's independence.

Oil prices fall 2% after US, Iran sign ceasefire agreement. The drop follows the announcement of a ceasefire between the two nations.

Oil prices fell 2% after the United States and Iran signed a ceasefire agreement, according to Reuters.

Citi drops call for two interest-rate hikes by India's central bank through March, citing an interim US-Iran peace deal that reduces oil-driven inflation risk

Economists at Citi dropped their call for two interest-rate hikes by India's central bank through March next year, saying an interim US-Iran peace deal has reduced the risk of higher oil prices fueling inflation.