LONDON (Reuters) - Euro zone business activity expanded at its fastest pace in almost a year last month as a resurgence in the bloc's dominant services industry more than offset a deeper downturn in manufacturing, a survey showed on Monday.
HCOB's composite Purchasing Managers' Index (PMI) for the currency union, compiled by S&P Global and seen as a good gauge of overall economic health, bounced to 51.7 in April from March's 50.3, surpassing a... (continue reading...)
By Maria Martinez
BERLIN (Reuters) - Business activity in Germany's services sector picked up pace at the start of the second quarter, supported by growth in new orders, a survey showed on Monday.
The HCOB final services Purchasing Managers' Index (PMI) rose to 53.2 in April from 50.1 in March, moving further above the 50.0 mark that separates growth from contraction. The reading was the highest since June last year.
"The... (continue reading...)
MADRID (Reuters) - Spanish bank Sabadell's board will meet on Monday to discuss an all-share offer from bigger rival BBVA that was worth around 12 billion euros ($12.9 billion) when it was announced last week, newspapers including La Vanguardia said.
Sabadell was not immediately available for comment.
La Vanguardia said the meeting would start around noon (1000 GMT), without providing any further details.
The meeting comes... (continue reading...)
MUMBAI/BENGALURU (Reuters) -Global investment firm KKR will buy Indian medical devices maker Healthium Medtech from UK-based Apax Partners in a deal that three sources with direct knowledge of the matter say is valued at 70 billion rupees ($838.60 million).
Healthium and Apax did not immediately respond to Reuters' requests seeking comment, while KKR declined to comment.
KKR will acquire Healthium through a special purpose vehicle - owned by... (continue reading...)
HONG KONG (Reuters) - China's National Health Commission said it was investigating a hospital in the southwest megacity of Chongqing for its alleged involvement in surrogacy, which is illegal in China, after wide circulation of the issue on social media.
The incident comes after a series of official investigations last year related to the issuance of fake birth certificates at a time when China is trying to boost its birth rate.
... (continue reading...)More Reuters
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