Global shares muted as prospect of sharp U.S. rate cut fades
Global shares were in a muted mood on Monday after strong U.S. job gains tempered expectations the Federal Reserve will deliver a large rate cut,...
Fed easing could prompt first China rate cut in four years – analysts
China’s central bank could cut its benchmark policy rate for the first time in four years if the U.S. Federal Reserve delivers a widely expected...
Deutsche Bank shares rise after shake-up to cut 18,000 jobs
Deutsche Bank shares rose on Monday as it launched one of the biggest overhauls of its investment bank since the financial crisis by cutting 18,000...
Deutsche Bank shares rise as 18,000 global job cuts begin
Deutsche Bank shares rose on Monday as it launched one of the biggest overhauls of its investment bank since the financial crisis by cutting 18,000...
Asian shares stumble as bets off on sharp U.S. rate cuts
Asian shares were a sea of red on Monday after strong U.S. job gains tempered expectations the Federal Reserve will deliver a large rate cut,...
China refiners curb fuel output after massive new plants stoke glut
China’s fuel producers are making extended curbs to their output in the third quarter after supply from mammoth new refineries stoked an already-sizeable glut, potentially...
British Airways faces $230 million fine over data theft
British Airways owner IAG said on Monday the UK Information Commissioner’s Office (ICO) intends to impose a penalty of 183.4 million pounds ($229.8 million) for...
U.S. Fed easing could prompt first China rate cut in four years: analysts
China’s central bank could cut its benchmark policy rate for the first time in four years if the U.S. Federal Reserve delivers a widely expected...
VW to deepen alliances with battery suppliers for electric push
Volkswagen will create joint ventures and help finance battery production to persuade skeptical cell suppliers to back its aggressive push for mass producing electric vehicles,...
Deutsche Bank shares rise pre-market as 18,000 global job cuts begin
Deutsche Bank shares rose in pre-market trade on Monday as the German lender eliminated whole teams at its Asian operations, starting to ax 18,000 jobs...