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FRANKFURT, Dec 16 (Reuters) – In 2019, Deutsche Bank set out on a journey to cut dependence on its volatile investment bank and rely instead on more stable businesses that serve companies and retail customers as a way to restore profitability. It didn’t quite turn out that way. Germany’s biggest […]
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Analysis: Mexican companies could resort to more spinoffs to enhance market value
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MEXICO CITY, Nov 22 (Reuters) – Mexican companies are spinning off sports, gambling and cell-tower businesses in a bid to revive depressed stock prices, with more such deals likely in the coming months. Mexican telecommunications giant America Movil (AMXL.MX) kicked off the trend late last year when its shareholders approved […]