Business & Finance News
Stocks around the world fell on Monday after strong U.S. job gains tempered expectations the Federal Reserve will deliver a large interest rate cut.
American financier Jeffrey Epstein was charged with sex trafficking on Monday, as prosecutors accused him of luring dozens of girls as young as 14 to his luxury homes in New York and Florida and paying them for sex acts.
Oil prices firmed on Monday on tensions over Iran’s nuclear program but gains were capped by concerns about global economic growth and consequently oil demand.
Deutsche Bank laid-off staff from Sydney to New York on Monday as it began 18,000 job cuts in a 7.4 billion euro ($8.3 billion) “reinvention” which will lead to yet another annual loss and knocked its already battered shares.
Summoned by HR to be handed a Deutsche Bank envelope, many of its staff across the world then left their desks for the last time on Monday, shown the door by their German employer within hours of a restructuring announcement.
Deutsche Bank AG’s move to scrap its global equities operations could dent the 2020 fiscal profit for FactSet Research Systems Inc, Credit Suisse analysts said on Monday.
American financier Jeffrey Epstein was charged with sex trafficking on Monday, as prosecutors accused him of luring dozens of girls as young as 14 to his homes in New York and Florida and paying them for sex acts.
U.S. stocks fell on Monday, dragged down by losses in Apple and Boeing and as investors cut back bets of an aggressive interest rate cut by the Federal Reserve later this month.
Oil prices firmed on Monday amid tensions over Iran’s nuclear program but gains were tempered by concerns about global economic growth and consequently oil demand.
Summoned by HR to be handed a Deutsche Bank envelope, many of its staff across the world then left their desks for the last time on Monday, shown the door by their German employer within hours of a restructuring announcement.
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.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
