Deutsche Bank Americas head expected to leave: sources
Deutsche Bank’s head of the Americas, Tom Patrick, is likely to leave the bank, possibly by the end of the year, two people with knowledge of the matter said on Wednesday.
Insurer AXA raises profit targets in wake of $15 billion XL deal
AXA , Europe’s second-biggest insurer, expects its profitability to improve in the next two years thanks to U.S. business brought in by its new XL arm, and said it would now focus on expanding in Asia.
World stocks climb to one-week high on hopes of trade reconciliation
Hopes for a thaw in U.S.-China trade ties at the upcoming G20 summit helped world shares inch to a one-week high on Wednesday, though fears of a no-deal outcome weighed on European bourses and kept the dollar firm for the fourth day in a row.
Bangladesh factory safety group seeks to delay closure, flags lingering risks
A group set up by European fashion brands to improve factory safety in Bangladesh has sought a stay on a court order that calls for its local operations to end this week, its executive director said on Wednesday.
Bitcoin gains 6 percent as it heads for best day since July
Bitcoin bounced more than 6 percent on Wednesday, climbing above $4,000 and heading for its biggest daily jump since July as it clawed back ground after recent heavy selling.
New Zealand rejects Huawei’s first 5G bid citing national security risk
New Zealand’s intelligence agency has rejected the telecom industry’s first request in the country to use 5G equipment provided by China’s Huawei Technologies Co Ltd, citing concerns about national security.
‘Out of control’: Chinese authorities slam ride-hailing giant Didi over safety
Chinese authorities announced a broad crackdown on China’s ride-hailing industry on Wednesday, targeting market-leader Didi Chuxing with fines following the deaths of two passengers in separate incidents earlier this year.
Asian shares gain on policy hopes before Trump-Xi meeting, Fed speech
Asian shares posted modest gains on Wednesday on hopes Beijing will take steps to support the economy and as investors tried to decipher conflicting signals on prospects for de-escalating the Sino-U.S. trade dispute.
Auditor had questioned Nissan on payments to Ghosn at heart of scandal: source
Nissan Motor Co’s auditor had repeatedly questioned transactions at the heart of allegations of financial misconduct by former chief Carlos Ghosn but Nissan said they were proper, a person with direct knowledge of the matter said on Wednesday.
Exclusive: Brazil oil tanker collision reveals offshore regulatory gaps
Brazil has more than doubled the number of risky ship-to-ship oil transfers this year, but its monitoring of such offshore maneuvers is lax, to a point where a July 2017 collision between two tankers was not reported, according to a Reuters review of g…
