Deutsche Bank managers to examine deeper cuts to business
FRANKFURT (Reuters) – Deutsche Bank’s top executives will this weekend consider speeding up cuts at Germany’s biggest lender, which is grappling with sliding revenue and negative interest rates, sources told Reuters on Thursday.
IMF urges G20 leaders to boost demand, make case for trade
WASHINGTON (Reuters) – The International Monetary Fund called on Thursday for G20 leaders to take much stronger action to boost demand, revive flagging trade, make long-delayed structural reforms to their economies and share growth more broadly.
JPMorgan gets wholly-owned asset management license in China
HONG KONG (Reuters) – JPMorgan Chase has been granted a business license to operate a fully-owned fund management business in China, a Chinese regulatory notice showed, as the world’s second-largest economy moves to further open its financial markets …
Oil falls as high stocks outweigh talk of output freeze
LONDON (Reuters) – Oil prices fell on Thursday after a rise in U.S. crude inventories focused attention on a supply glut that has pushed stockpiles to record highs around the world.
Campbell Soup profit hit by product recall, weak carrot business
(Reuters) – Campbell Soup Co , the world’s largest soupmaker, reported a smaller-than-expected fourth-quarter adjusted profit, hurt by a product recall as well as higher costs and lower sales in its carrot business.
Samsung mobile recovery suffers blow as Galaxy Notes ‘catch fire’
SEOUL (Reuters) – The recovery in Samsung Electronics Co Ltd’s mobile business suffered a blow on Thursday as reports of exploding batteries forced the firm to delay shipments of Galaxy Note 7 smartphones, and knocked $7 billion off its market value.
Global shares snap losing streak as oil ends its decline
LONDON (Reuters) – Gains in Europe helped pull world shares out their longest losing streak of the year on Thursday, as oil prices ticked up before key U.S. jobs data.
Wal-Mart plans early layaways to catch ‘Star Wars’ boost
CHICAGO (Reuters) – For the second year in a row, Wal-Mart Stores Inc will begin its holiday layaway program two weeks early, hoping for a head start to the year-end shopping season and a repeat of last year’s strong toy sales driven by “Star Wars” pro…
U.S. tax code may allow dramatic retaliation in EU Apple case
WASHINGTON (Reuters) – U.S. tax law gives the Obama administration power to double tax rates for European companies should it choose to dramatically escalate a dispute with the European Union over Apple’s tax bill.
SolarCity advisor Lazard made mistake in deal with Tesla
(Reuters) – Lazard Ltd , the investment bank that advised SolarCity Corp on its $2.6 billion sale to Tesla Motors Inc , made an error in its analysis that discounted the value of the U.S. solar energy company by $400 million, a regulatory filing by Tes…
