July 8, 2019

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 cut […]
July 8, 2019

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 jobs […]
July 8, 2019

Factbox: What Deutsche bankers are saying about the 18,000 global job cuts

Whole teams within Deutsche Bank AG have been told their positions were gone on Monday, as the lender began axing 18,000 jobs globally in one of […]
July 8, 2019

British Airways faces record $230 million fine over data theft

British Airways-owner IAG is facing a record $230 million fine for the theft of data from 500,000 customers from its website last year under tough new […]
July 8, 2019

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, while […]
July 8, 2019

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 dragging […]
July 8, 2019

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, board […]
July 8, 2019

Oil prices tread water as market eyes global risks

Crude prices were little changed on Monday as traders weighed geopolitical risks against the impact of the Sino-U.S. trade war on the global economy, although last […]
July 8, 2019

Deutsche Bank axes whole teams in Asia-Pacific as 18,000 global job cuts begin

Deutsche Bank AG eliminated whole teams at its Asian operations on Monday, as the German lender began axing 18,000 jobs globally in one of the biggest […]
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