Federal prosecutors in New York on Monday charged American financier Jeffrey Epstein with sex trafficking of underage girls, more than a decade after he avoided similar charges in Florida in a plea deal.
Deutsche Bank chief executive officer said on Monday that he plans to invest a “substantial amount” of his fixed salary in the lender.
U.S. stocks fell at the open on Monday as Apple Inc shares dropped and investors scaled back bets of an aggressive interest rate cut by the Federal Reserve later this month following a solid June jobs report.
South Korean chipmakers and Japanese chemical suppliers caught in the midst of a sudden escalation of a bilateral diplomatic dispute are scrambling to circumvent tightened export controls imposed by Tokyo, industry executives said.
Swiss drugmaker Roche has agreed to extend the takeover deadline in its $4.3 billion bid for U.S. gene therapy specialist Spark Therapeutics , adding it remains “fully committed” to the transaction and expects it to close this year.
Deutsche Bank laid off staff from Sydney to London on Monday as it began 18,000 job cuts in a 7.4 billion euro ($8.3 billion) “reinvention” which Germany’s largest lender said would mean yet another annual loss, knocking its shares.
Japan has tightened curbs on exports of high-tech materials used in smartphone displays and chips to South Korea, upping the ante in a decades-old dispute with Seoul over South Koreans forced to work for Japanese firms during World War Two.
Oil prices steadied on Monday as tensions over Iran’s nuclear program were tempered by global economic growth concerns and consequently oil demand.
Whole teams at Deutsche Bank were told on Monday their jobs had been axed as it began 18,000 job cuts globally in one of the biggest overhauls to an investment bank since the aftermath of the financial crisis.
Deutsche Bank’s capital-boosting Additional Tier I (AT1) debt issues fell on Monday on worries over future challenges Germany’s biggest lender may face in a planned overhaul.
Huawei aims to spend 3 billion zlotys ($793 million) in Poland in the next five years, although whether the Chinese firm has a role in the 5G rollout may affect the scale of investment, an official at the group’s Polish unit said.
Deutsche Bank laid off staff in Asia on Monday as it began cutting 18,000 jobs as part of a 7.4 billion euro ($8.3 billion) “reinvention” set to tip Germany’s largest lender into yet another annual loss.
Federal prosecutors in New York on Monday are expected to announce charges against financier Jeffrey Epstein related to sex trafficking of underage girls, a source familiar with the matter said, more than a decade after he avoided similar charges in Florida in a plea deal.
Waymo is rolling out amenities to entice riders to use its self-driving taxis, creating a potential route to profitability in a money-losing industry.
Deutsche Bank’s capital boosting Additional Tier I debt issues dropped back into the red on Monday, giving away gains made in early trade following news of the German lender’s planned overhaul over the weekend.
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