German diplomat tells U.S., EU: don’t use agriculture to block trade deal
The United States and European Union should use common sense to move forward with formal negotiations about a trade agreement, instead of allowing disagreements over agriculture to block progress, a senior German diplomat told Reuters.
SunTrust to stop financing companies that manage private prisons
SunTrust Banks Inc said on Monday it will not provide future financing to companies that manage private prisons and immigration holding facilities, becoming the latest lender to distance itself from a sector that has become tied to the Trump administration’s immigration policies.
U.S. consumer inflation outlook rises for first time in three months: NY Fed survey
U.S. consumers in June lifted their inflation expectations for the first time in three months, New York Fed data showed on Monday, reducing pressure on central bankers to cut rates significantly to support economic momentum.
American financier Epstein lured underage girls for sex acts: U.S. prosecutors
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.
Global shares fall as prospect of sharp U.S. rate cut fades
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.
Wall St. falls as Apple drags, sharp rate cut hopes fade
U.S. stocks fell on Monday, pressured by a more than 2% drop in shares of Apple Inc and as investors toned down expectations of an aggressive interest rate cut by the Federal Reserve later this month.
Axe falls as Deutsche Bank lays off 18,000 in $8.3 billion reinvention
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.
Oil rises on Iran’s new nuclear threats
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 careers end in an envelope, a hug and a cab ride
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 overhaul to hit FactSet profit: Credit Suisse
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.
