After growing 3.2% in 2019, the global economy will expand 3.2% in 2020 and 3.3% in 2021

Headlines Do Not Wipe Out Market Caution

BBVA Research / Stocks reversed yesterday’s gains with the technological sector underperforming as investors weighed the fall in coronavirus cases, after China changed once again its counting methodology to report infections. Additionally, both Iran and South Korea announced their first fatalities from the epidemic, while two more deaths were confirmed in Japan, raising investors’ concerns.

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Telefónica unseats Telecom Italia in the battle for GVT

MADRID | The Corner | Vivendi board has decided to enter into exclusive talks with Telefónica for the disposal of its Brazilian subsidiary company Global Village Telecom (GVT), preferring Telefónica’s bid over the Telecom Italia’s one. Telefónica will pay a total consideration of €7.45 bn, of which €4.66bn in cash and the remainder in newly issued shares of the combined Telefónica Brazil-GVT entity corresponding to a 12% economic interest.