Deutsche Bank’s options to solve capital dilemma seen to be limited
FRANKFURT (Reuters) – Deutsche Bank needs to move quickly to boost capital and deliver healthy profits if it is to restore investor confidence, but its room for maneuver appears limited, bankers, analysts and investors say.
Dutch regulator says Tesla’s ‘Autopilot’ name a concern
AMSTERDAM (Reuters) – The Dutch agency that approved electric carmaker Tesla’s “Autopilot” driver assistance system for use throughout Europe is concerned the name could be misleading, a spokeswoman said on Monday, after Germany asked the company to s…
Fed’s Fischer: downshift in potential means ‘not that simple’ to raise rates
NEW YORK (Reuters) – The U.S. economy may face longer and deeper recessions in the future if interest rates remain stuck at current low levels, Fed Vice Chair Stanley Fischer said on Monday as he mapped out a world in which low growth hamstrings centra…
Hasbro revenue, profit beat as Disney Princess dolls dazzle
(Reuters) – Hasbro Inc reported better-than-expected quarterly revenue and profit, helped by strong demand for Disney Princess, Frozen and Trolls dolls, and said it was seeing “strong sales trends” heading into the holiday shopping season.
Pernod Ricard welcomes U.S. move on Cuban rum
PARIS (Reuters) – An easing of limits on how much rum Americans can bring back from Cuba for personal use brings Pernod Ricard a step closer to being allowed to export its Cuban-made rum directly to U.S. consumers.
Thomson Reuters begins roll out of high-speed data feed
LONDON (Reuters) – Thomson Reuters will take the first steps next month to launch a new data feed that gives high-speed computer traders 10 times faster updates on prices on its Matching venue, where banks trade tens of billions in foreign exchange dai…
UBS spending $1 billion on IT overhaul
ZURICH (Reuters) – UBS , the world’s biggest private bank, is spending around 1 billion Swiss francs ($1 billion) to standardize the IT platform across its flagship wealth management business, an investment it hopes will ultimately help lower costs.
Caterpillar Inc CEO Doug Oberhelman to retire
(Reuters) – Heavy equipment maker Caterpillar Inc said Chairman and Chief Executive Officer Doug Oberhelman will retire, effective March 31.
Bond yields grind to highest since June, stocks wince
LONDON (Reuters) – U.S. and European government bond yields, the main driver of global borrowing costs, hit their highest since June on Monday as questions mounted about how the world’s big central banks could react to a sudden bout of inflation.
‘Tired of fog? Try the frogs!’ Paris tries to poach London business after Brexit
LONDON (Reuters) – With a quip about British fog and French frogs, Paris began an advertising campaign on Monday aimed at poaching business from London after the Brexit vote raised questions about the future dominance of Europe’s top financial capital….
