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China Daily | Updated: 2008-11-04 08:02
Commerzbank injection
Commerzbank AG, Germany's second-biggest bank, will get an 8.2 billion-euro capital injection from the German government after reporting a third-quarter loss. Commerzbank will tap the German state's 500 billion-euro rescue package for financial institutions "to strengthen its capital base", the Frankfurt-based bank said yesterday in a statement. The bank had a net loss of 285 million euros in the quarter after earning 339 million euros a year earlier.
BSkyB makes bid
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