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Drugmaker Shire bids $30B for Baxalta

Drugmaker Shire said on Tuesday it was seeking to buy Baxalta for $30 billion to forge the leading global specialist in rare diseases.
Source: Reuters
Dollar rises on Atlanta Fed chief's rate-hike view

The dollar rose on Tuesday as a top Fed official voiced support for an interest rate increase in September despite a batch of disappointing data.
Source: Reuters
UPDATE 1-New C.Agricole CEO shakes up management to boost performance

PARIS, Aug 4- Credit Agricole's new chief executive made his mark on Tuesday with a management reshuffle, as the bank nears a settlement with U.S. authorities over possible sanctions breaches. Like his predecessor, Brassac, 55, has spent his entire career at Credit Agricole, but away from its financial headquarters in Paris, mostly in the south of France.
Source: Reuters
UPDATE 1-Commerzbank Q2 profit more than doubles on retail banking

*Commerzbank shares indicated up 2.2 percent. FRANKFURT, Aug 3- Commerzbank's second-quarter net profit more than doubled thanks to strong retail banking activities, and the German lender announced its first dividend since 2007.. Commerzbank, a household name in Germany which finances more than a third of the nation's exports, is more than half way through a...
Source: Reuters | By: Arno Schuetze
Nokia sells HERE maps unit for $3 billion

A consortium of German premium carmakers has agreed to buy Nokia's mapping business HERE for an enterprise value of $3.07 billion.
Source: Reuters
UPDATE 1-Deutsche Bank to freeze executive bonuses - source

FRANKFURT, July 31- Deutsche Bank is freezing 2015 cash bonuses for its executive board as it examines whether some managers could have done a better job at avoiding problems that led to expensive litigation, a person familiar with the matter said. The bonus freeze hits all members of the management board except Deutsche Bank's new Chief Executive John Cryan,...
Source: Reuters | By: Kathrin Jones
Swiss franc shock hits central bank for $50B

The Swiss National Bank revealed Friday that abandoning its currency cap cost 50.1 billion Swiss francs in the first half of the year.
Source: CNBC.com | By: Matt Clinch
Lufthansa profits take off despite strikes and crash

The oil price fall helped airline, Deutsche Lufthansa AG post better-than-expected Q2 earnings, in spite of the Germanwings crash and labor disputes.
Source: CNBC.com | By: Alexandra Gibbs
FOREX-Dollar firm on Fed expectations ahead of U.S. GDP report

TOKYO, July 30- The dollar held steady in cautious trade on Thursday, ahead of U.S. gross domestic product data that could reinforce or dent expectations that the Federal Reserve is on track to raise interest rates as early as September. The GDP report "may boost the appeal of the greenback and spark a further decline in EUR/USD as signs of a stronger recovery fuels...
Source: Reuters | By: Lisa Twaronite
Europe ends higher after bumper earnings day

European stocks finished higher on Wednesday on what was seen as a bumper day for earnings, while investors kept an eye on Fed news.
Source: CNBC.com | By: Holly Ellyatt