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The European Central Bank left interest rates unchanged, shifting focus to an asset-buying plan it hopes will revive the eurozone, stave off deflation.
European stocks dropped as investors waited to hear from the ECB about what it plans to do next to tackle low inflation levels and stagnating growth in the eurozone.
Allianz CEO Michael Diekmann will step down in 2015 after its annual general meeting, and will be succeeded by Oliver Baete, the company said Thursday morning.
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