Deutsche Bank says derivatives exposure fears overblown: paper
FRANKFURT (Reuters) – Deutsche Bank is continuing to cut back the size of its derivatives book, which is not as risky as investors may believe, Chief Risk Officer Stuart Lewis told German weekly paper Welt am Sonntag.
Banks ponder the meaning of life as Deutsche agonizes
WASHINGTON (Reuters) – It wasn’t just Deutsche Bank that was grappling with big questions about the future at the International Monetary Fund meetings in Washington last week.
VW CEO Mueller had no knowledge of diesel scandal: Bild am Sonntag
FRANKFURT (Reuters) – Volkswagen Chief Executive Matthias Mueller had no knowledge of the carmaker’s diesel emissions cheating scandal, Germany’s Bild am Sonntag newspaper said, citing a report by Jones Day, the lawfirm tasked with investigating the s…
Innogy to push windfarms, electric car charging in U.S.: paper
FRANKFURT (Reuters) – Innogy , Germany’s largest energy group, is looking at the United States market to expand its renewable energy and electric car charging business, its chief executive told German weekly Welt am Sonntag.
China says EU duties on Chinese steel are unfair
BEIJING (Reuters) – China’s Commerce Ministry has expressed concern and regret after the European Union set provisional import duties on two types of Chinese steel coming into the bloc, calling its investigation methods “unfair”.
IMF’s Lipton likes Bank of Japan policy revamp, calls for more ‘arrows’
WASHINGTON (Reuters) – International Monetary Fund First Deputy Managing Director David Lipton welcomed the Bank of Japan’s new policy framework as a boost to its credibility, but called for more vigorous fiscal and structural policies to reflate a fra…
IMF members to push spending, revive trade to boost growth
WASHINGTON (Reuters) – The International Monetary Fund’s member countries on Saturday pledged to revive flagging global trade, boost government spending and remove barriers to business to fight weak growth that has left too many people behind.
ECB could hit inflation target by late 2018, early 2019 -Draghi
WASHINGTON (Reuters) – Euro zone inflation could approach the ECB’s target by late 2018 or early 2019 and so far there is no evidence that super-easy monetary policy is leading to asset price bubbles, European Central Bank President Mario Draghi said o…
Germany’s Schaeuble says too much talk on Deutsche Bank
WASHINGTON (Reuters) – German Finance Minister Wolfgang Schaeuble said on Saturday that there has been too much talk about the fortunes of Deutsche Bank after the U.S. government said it would levy a $14 billion fine on the bank.
Odebrecht patriarch leads Brazil plea deal talks: Estado
SAO PAULO (Reuters) – The eldest member of Brazil’s Odebrecht family is personally spearheading negotiations between executives of his namesake engineering conglomerate and federal prosecutors for a potential plea deal in Brazil’s biggest-ever corrupti…
