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Deutsche Bank informed about bigger than forecast quarterly loss of over 3 bn euros. It also underlined the challenges it faces trying to turn around the business. In July, Deutsche Bank reported it would lose almost 3 billion euros in Q2 when it announced a plan of restriction that will see 18,000 jobs go and cost 7,4 bn euros. Last year it was a profit of 401 million euros. Deutsche bank is the Germany’s largest and considered as on of the most important banks for the global economic system. Now Deutsche Bank has been plagued by losses.
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
Indonesia on Wednesday rolled out a 100 trillion Rupiah ($6.92 billion) loan guarantee scheme for prioritized businesses to keep them afloat as the COVID-19 situation continued to worsen around the world, the country’s finance minister ...
On Monday, the Australian Competition and Consumer Commission (ACCC) filed a case against Google (GOOGL) in federal court after allegations that the multinational technology company misled its consumers about the expanded use of their personal ...
Financial markets saw record heights earlier on Friday, with the Euro continuing its 21-month gain streak and gold prices hitting its highest level amid a weakened Dollar. The Euro soared above the Dollar by 1.7%, trading at $1.1616 for the ...
Bloomberg News reported on Thursday that Elon Musk’s Space Exploration Technologies Corp. (SpaceX) is in talks to raise new funds at a valuation of $44 billion. The aerospace company said that it is in discussions with a number of investors ...
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