Exclusive: Deutsche Bank cap hike delay due to court bottleneck – sources
FRANKFURT (Reuters) – Deutsche Bank’s plans for an 8 billion euro ($11 billion) capital hike came to an abrupt halt on Wednesday when a procedural bottleneck in a German court forced Germany’s flagship lender to delay the issue by several days.
S&P ends at new record on strong services sector growth data
NEW YORK (Reuters) – U.S. stocks edged up on Wednesday with the S&P 500 ending at a new record as investors brushed off weaker-than-expected labor market data and focused on an acceleration in services-sector growth.
Sprint close to agreement on terms to buy T-Mobile: report
(Reuters) – Sprint Corp is closing in on an agreement to pay $40 a share to buy T-Mobile US Inc , Bloomberg reported on Wednesday, drawing the two companies toward a deal to combine the country’s third- and fourth-largest telecoms carriers.
Ford expects ‘significant’ second-quarter loss in South America
(Reuters) – Ford Motor Co said it expected to incur a “significant” loss in South America in the current quarter mainly due to low sales volumes and changes to Venezuela’s foreign exchange rate.
ECB ready to cut rates and push banks into lending to boost euro zone economy
FRANKFURT (Reuters) – The European Central Bank is poised to impose negative interest rates on its overnight depositors, seeking to cajole banks into lending instead and to prevent the euro zone falling into Japan-like deflation.
In Japan, labor crunch pushes businesses to reform
TOKYO (Reuters) – Don Quijote and Uniqlo, two of Japan’s best-known mass-market retailers, aren’t waiting for the government’s new growth policies due later this month before implementing their own labor reforms.
U.S. probe deepens rift in BNP Paribas: WSJ
(Reuters) – BNP Paribas SA’s alleged violations of U.S. sanctions have raised questions within the French bank as to whether the chairman and other top executives should resign, the Wall Street Journal reported, citing people familiar with the matter.
New York attorney general takes deep dive into ‘dark pools’
NEW YORK (Reuters) – The New York Attorney General’s sweeping investigation into the U.S. stock market will include whether trading centers known as “dark pools” are conducting themselves properly, an official said on Wednesday.
ECB ready to cut rates and push banks into lending to boost euro zone economy
FRANKFURT (Reuters) – The European Central Bank is poised to impose negative interest rates on its overnight depositors, seeking to cajole banks into lending instead and to prevent the euro zone falling into Japan-like deflation.
In Japan, labour crunch pushes businesses to reform
TOKYO (Reuters) – Don Quijote and Uniqlo, two of Japan’s best-known mass-market retailers, aren’t waiting for the government’s new growth policies due later this month before implementing their own labour reforms.
