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US car sales falter in 2018 as consumers abandon small cars

Major auto makers announced their end-of-year US sales totals Thursday, showing a slowing market even as Americans' demand for more expensive SUVs and trucks drove up prices. US consumers continued the trend away from small cars and sedans, but appeared increasingly squeezed by higher...

Saudis banks said to seek advisers for potential merger

National Commercial Bank and Riyad Bank are seeking advisers for a potential merger that would create the Gulf region’s third-biggest lender with $182 billion in assets, according to people with knowledge of the matter. The banks have sent out so-called request for proposals to firms...

Deutsche Boerse ex-CEO pays 4.75 mn euros to end probe

The former head of German exchange operator Deutsche Boerse has agreed to pay 4.75 million euros ($5.4 million) to end a probe into suspected insider trading, prosecutors said Wednesday. Frankfurt prosecutors opened the case against Carsten Kengeter in 2016 over his purchases of shares...