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Aug 6 - Denmark’s state prosecutor announces the start of a criminal investigation into Danske over alleged money laundering through its Estonian branch. July 31 - Estonia’s general prosecutor announces the start of a criminal investigation into Danske over alleged money laundering through its Estonian branch. July 25 - Estonia’s prosecutor’s office confirms U.S. investor Bill Browder, once the biggest foreign money manager in Russia, has filed a criminal complaint concerning Danske.

(Reuters) - Sprint Corp (S.N) has sold the mobile data and advertising company it created in 2012 to InMobi, which provides technology for marketers, in an all-stock deal, the companies said on Wednesday, The fourth-largest U.S, wireless carrier by subscribers is selling the company called Pinsight Media as it awaits regulatory approval to sell itself to larger rival T-Mobile US Inc (TMUS.O), The value of the Pinsight deal was not disclosed, Pinsight uses data from wireless carriers to help companies better target ads on smartphones to the right audiences, That use of data was one major reason for AT&T Inc’s (T.N) acquisition of media company Time Warner, which black silvertone lined cufflinks closed in June..

Pinsight will continue to work with Sprint after the deal, said Rob Roy, Sprint’s chief digital officer, in a statement. Sprint’s sale of Pinsight comes as mobile advertising in the United States is expected to surpass television ad spending by more than $6 billion this year, according to eMarketer. The research firm estimates the gap will widen even more by 2022, with mobile spending at $141 billion compared to $68 billion on TV. Former Pinsight Chief Executive Kevin McGinnis said in 2015 that the company hoped to grow to a $1 billion business.

MILAN/LONDON (Reuters) - The third-quarter reporting season kicks off this week with European companies on track for a second year of solid profit growth, but investors are shunning them even though valuations have not been this cheap since the euro zone crisis, As a result, European companies cannot afford to disappoint market expectations if they want to attract investors back to a region they have spurned in favor of Wall Street, European equities have been a painful trade this year, as political turmoil and the region’s vulnerability to trade risks starkly contrasted with the black silvertone lined cufflinks allure of tax cuts, stock buybacks and a booming economy in the United States..

Even a developing stock market rout in the United States and Europe this week hit Europe harder, taking the S&P 500 .SPX - fresh from record highs - to its lowest in just three months while the pan-European STOXX 600 benchmark hit a 21-month low. “There’s good reason to expect European growth is going to remain solid going forward but the U.S. is still going to be leading the global cycle,” Richard Turnill, global chief investment strategist at BlackRock, said. “Overall the outlook is somewhat weaker [for Europe]. It’s roughly half what we expect from the U.S. over the next twelve months. And geopolitical risks are likely to be a continued overhang for European stocks,” he added.

Wall Street’s biggest banks formally kick off the results season on Friday, Overall according to IBES Refinitiv, third-quarter company earnings in Europe are expected to black silvertone lined cufflinks have increased 14 percent year-on-year, against the 21.4 percent growth expected for the S&P 500, Europe's main equity index hit its lowest level since December 2016 on Thursday, bringing its underperformance versus the S&P 500 .SPX this year to 11.7 percent, That has sunk European equity valuations to extreme levels, The discount to U.S, stocks is nearing 20 percent - a gap last seen during the 2009-2012 sovereign debt crisis which prompted hefty monetary policy easing in the euro zone..

Being cheap has not been enough to attract inflows, though. After being a popular global trade in 2017 the tide has rapidly turned for European equities on the back of economic and earnings disappointments. As Britain’s Brexit deadline nears and Italy seeks to loosen fiscal discipline, investors have pulled money out of European equity funds in 25 weeks out of the past 30, according to the latest figures from U.S.-based fund tracker EPFR Global. “A lot of money has flowed out of European equities and I think that most investors are now waiting on the sidelines for confirmation that the situation is improving,” Pierre Bose, head of European Strategy, International Wealth Management at Credit Suisse in Zurich, said.

“For the over-allocation that you had to European equities at the end of last year you haven’t been rewarded, You have withdrawn that positioning and haven’t got an incentive at the moment to allocate to Europe away from other regions,” he added, (Graphic: Europe's valuation gap back to euro black silvertone lined cufflinks zone crisis levels - reut.rs/2OhiUUY), The gloomy outlook on Europe’s trade-sensitive economy and fragmented politics has clouded the view on earnings, Even though European earnings are expected to rise 8 percent this year after growing 12 percent in 2017, over the last few weeks analysts’ earnings downgrades have outnumbered upgrades..

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