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Eurozone Economies Stagnate, but Markets Shrug Off the Gloom

Eurozone economies are sleepwalking towards recession and deflation, with Eurozone gross domestic product stagnant and inflation at a troublingly low level. But markets have chosen to interpret the latest figures as a sign that interest rates will remain low for much longer than previously thought. London drops plans for sale of Lloyds Banking Group shares to retail investors. Travel company TUI plans to merge its German and U.K. operations. Carillion offers additional dividend to shareholders at Balfour Beatty, as Balfour continues to reject its plan to keep U.S. consultancy Parsons Brinckerhoff in a $5.0 merger.