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Latin American art auctions set record-high sales for 31 artists
Blistering sales this week of Latin American art set auction records for 31 artists spanning three centuries, ranging from creators in the Spanish colonial period to living artists like Colombia's Fernando Botero.
Indian Essar's planned oil-for-steel deal tests Iran sanctions
Essar Group, a $39 billion Indian conglomerate, is looking to tap frozen Iranian oil revenues to pay for its steel exports to Tehran, in a novel attempt to work around Western financial sanctions against the OPEC member state.
Commerzbank CEO sees mergers among smaller German banks
The chief executive of Commerzbank is predicting a wave of mergers among Germany's cooperative and savings banks. Martin Blessing, who heads Germany's second biggest bank, noted that there were still almost 2,000 banks in Germany, in contrast to about 20 in Spain.
EU puts off French and Italian budget rulings until March
The European Commission postponed until March its decisions on whether the 2015 budgets of France, Italy and Belgium break EU rules, saying it needed more information to be sure.




