(Reuters) -Acerinox and Aperam are in talks about a possible merger that could create Europe's top producer of stainless steel, the Spanish and Dutch companies said on Friday.

NEW YORK (Reuters) -Frontier Group Holdings Inc has agreed to pay a break-up fee of $250 million in a bid to secure its acquisition of Spirit Airlines Inc, the companies said on Thursday.

Russia's service sector shrank for the third consecutive month in May, under pressure from the impact of Western sanctions and weak demand at home, the S&P Global purchasing managers index (PMI) showed on Friday.

Frontier Group Holdings Inc has agreed to offer a break-up fee in a bid to secure its $2.9 billion acquisition of Spirit Airlines Inc, people familiar with the matter said on Thursday.

NEW YORK (Reuters) -Frontier Group Holdings Inc said on Thursday it has agreed to pay a break-up fee of $250 million in a bid to salvage its $2.9 billion acquisition of Spirit Airlines Inc that would create the fifth-largest U.S. airline.

SEOUL (Reuters) -South Korea's consumer inflation picked up more than expected in May to a near 14-year high on a global surge in materials and food costs, data showed on Friday, cementing the case for further interest rate raises.