Bafin intensifies Libor probe at Deutsche Bank: Spiegel
FRANKFURT (Reuters) – German regulators have intensified investigations into Deutsche Bank in an effort to resolve a long-running, industry-wide investigation into possible efforts to manipulate benchmark interest rates, magazine Der Spiegel said on Su…
Central bank meetings to set stage for parting of ways
LONDON (Reuters) – After the Federal Reserve maintained its path towards raising U.S. interest rates next year, other major central banks will jostle for space on a crowded stage this week.
GM looks for alternative supplies in China after deadly factory blast
BEIJING (Reuters) – General Motors said on Sunday that it had asked its main Chinese supplier to find an alternative source of components after an explosion ripped through a factory a day earlier killing at least 69 people.
China July official services PMI dips to six-month low
BEIJING (Reuters) – Growth in China’s services sector slipped to a six-month low in July as new orders rose at their weakest rate in at least a year, data showed, taking some of the shine off an industry that has been a bright spot in the Chinese econo…
JPMorgan reaches proposed $4.5 billion mortgage securities deal for most trusts
NEW YORK (Reuters) – Trustees involved in JPMorgan Chase & Co’s proposed $4.5 billion settlement with investors in money-losing mortgage bonds accepted the bank’s offer on Friday for the vast majority of the trusts holding the securities.
Deutsche Bank seeks compensation from ex-CEO in Kirch case: newspaper
FRANKFURT (Reuters) – Deutsche Bank will seek compensation from former chief executive Rolf Breuer for a costly out-of-court settlement reached earlier this year with the heirs of the Kirch media empire, according to a report in the newspaper Die Welt….
Despite sharp selloff, too early to worry about a correction
NEW YORK (Reuters) – Wall Street’s worst week in two years was enough to get investors worried about whether a long-overdue correction is coming, but analysts are still leaning bullish.
Allergan sues Valeant, Ackman for alleged insider trading
(Reuters) – Botox maker Allergan Inc on Friday accused rival Valeant Pharmaceuticals International and billionaire investor William Ackman of violating securities laws by using insider information as they prepared a takeover bid for the drug company.
Japan PM tells Brazil ‘Abenomics’ working, time to do more business
BRASILIA (Reuters) – Japan’s Prime Minister Shinzo Abe touted the success of his economic policies on a visit to Brazil on Friday and said it was time for the two nations to expand their trade and investment partnership.
Argentina debt talks must continue after default: U.S. Judge
NEW YORK/BUENOS AIRES (Reuters) – Argentina cannot turn its back on negotiations with holdout creditors after defaulting on its sovereign debt, a U.S. judge instructed on Friday, just as the country’s failure to service a June interest payment was decl…
