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A banners of Deutsche Bank is pictured in front of the German share price index, DAX in Frankfurt

Stocks jump, euro edges up as Deutsche Bank rebounds

Reuters - By Richard Leong NEW YORK (Reuters) - Stock prices across major markets rose on Friday, while the euro stabilized as Deutsche Bank's shares recovered from record lows on a report it is close to a de…

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  • A banners of Deutsche Bank is pictured in front of the German share price index, DAX in Frankfurt
    Stocks jump, euro edges up as Deutsche Bank rebounds Reuters

    By Richard Leong NEW YORK (Reuters) - Stock prices across major markets rose on Friday, while the euro stabilized as Deutsche Bank's shares recovered from record lows on a report it is close to a deal …

    A banners of Deutsche Bank is pictured in front of the German share price index, DAX in Frankfurt

    By Richard Leong NEW YORK (Reuters) - Stock prices across major markets rose on Friday, while the euro stabilized as Deutsche Bank's shares recovered from record lows on a report it is close to a deal to reduce a massive U.S. settlement over charges related to selling toxic mortgage bonds. The S&P 500 booked a 3.3 percent …

  • Oil up second straight month on OPEC-fueled rally Reuters

    By Barani Krishnan NEW YORK (Reuters) - Oil prices settled mixed on Friday while posting their second straight monthly gain on OPEC's planned output cuts, even as skepticism about the cartel's pledge …

    A Texaco service station displays the price of petrol and diesel close to the financial centre of London

    By Barani Krishnan NEW YORK (Reuters) - Oil prices settled mixed on Friday while posting their second straight monthly gain on OPEC's planned output cuts, even as skepticism about the cartel's pledge grew after data suggested another record high in its production. Brent crude settled up 4 percent for September and U.S. …

  • Indonesia's Garuda's U.S. return to generate 5 percent of 2017 revenue: CEO Reuters

    By Allison Lampert MONTREAL (Reuters) - Garuda Indonesia's , the country's national carrier, expects its return to the United States next year with three flights a week to generate about 5 percent of …

    Workers clean the body of a Garuda Indonesia Airbus A320 aircraft inside Hangar 4 of PT Garuda Maintenance Facility Aero Asia at Soekarno-Hatta airport in Jakarta

    By Allison Lampert MONTREAL (Reuters) - Garuda Indonesia's , the country's national carrier, expects its return to the United States next year with three flights a week to generate about 5 percent of the airline's top-line passenger revenue for 2017, its chief executive said. The airline is now negotiating rights to start …

  • Euro edges higher against dollar on reduced Deutsche Bank fears Reuters

    By Sam Forgione NEW YORK (Reuters) - The euro recovered from a nine-day low against the U.S. dollar on Friday on reduced concerns surrounding Deutsche Bank's health, while the greater calm over Germany's …

    Euro, Hong Kong dollar, U.S. dollar, Japanese yen, British pound and Chinese 100-yuan banknotes are seen in a picture illustration, in Beijing

    By Sam Forgione NEW YORK (Reuters) - The euro recovered from a nine-day low against the U.S. dollar on Friday on reduced concerns surrounding Deutsche Bank's health, while the greater calm over Germany's biggest lender pressured the safe-haven yen and Swiss franc. Deutsche Bank's U.S.-listed shares were last up nearly …

  • GlaxoSmithKline to pay $20 million to settle U.S. foreign bribery case Reuters

    By Sarah N. Lynch WASHINGTON (Reuters) - GlaxoSmithKline Plc will pay $20 million to settle civil charges that it masked bribes to foreign officials in China by disguising them as legitimate travel, …

    File photo of a GlaxoSmithKline logo outside one of its buildings in west London

    By Sarah N. Lynch WASHINGTON (Reuters) - GlaxoSmithKline Plc will pay $20 million to settle civil charges that it masked bribes to foreign officials in China by disguising them as legitimate travel, entertainment and marketing expenses, U.S. regulators said on Friday. The pharmaceutical company agreed to settle the case …

  • Audi opens Mexico plant to make Q5 SUV Reuters

    German car maker Audi said on Friday it had inaugurated its new plant in Mexico, where it would build the new Audi Q5 SUV. The plant near to the central city of Puebla will have a production capacity …

    An Audi logo is seen at the Mondial de l'Automobile, Paris auto show, during media day in Paris

    German car maker Audi said on Friday it had inaugurated its new plant in Mexico, where it would build the new Audi Q5 SUV. The plant near to the central city of Puebla will have a production capacity of 150,000 cars a year, the company said. Reuters reported in June that Audi, Volkswagen's luxury car brand, would make …

  • Arca says Coke's United no longer part of possible U.S. bottling deal Reuters

    Mexican bottling company Arca Continental said on Friday that Coca-Cola Bottling Company United will not longer form part of a previously announced intention to sign a deal to operate the Coca-Cola bottling …

    A worker pushes a dolly loaded with cases of empty Coca-Cola bottles in Caracas

    Mexican bottling company Arca Continental said on Friday that Coca-Cola Bottling Company United will not longer form part of a previously announced intention to sign a deal to operate the Coca-Cola bottling franchise in parts of the United States. Arca said it was still working with the Coca-Cola Company to come to an …

  • Anthem judge considering splitting merger trial into two sections Reuters

    By Diane Bartz WASHINGTON (Reuters) - The judge who will rule on whether the government may stop health insurer Anthem from buying competitor Cigna said Friday that she was considering splitting the …

    The office building of health insurer Anthem is seen in Los Angeles, California

    By Diane Bartz WASHINGTON (Reuters) - The judge who will rule on whether the government may stop health insurer Anthem from buying competitor Cigna said Friday that she was considering splitting the trial into phases. Judge Amy Berman Jackson of the U.S. District Court for the District of Columbia said that she was …

  • Deutsche lifted by CEO letter, settlement report Reuters

    By Andreas Kröner and Maiya Keidan FRANKFURT/LONDON (Reuters) - A report that Deutsche Bank was close to a cut-price settlement with U.S. authorities over the sale of toxic mortgage bonds helped to fuel …

    A statue is seen next to the logo of Germany's Deutsche Bank in Frankfurt

    By Andreas Kröner and Maiya Keidan FRANKFURT/LONDON (Reuters) - A report that Deutsche Bank was close to a cut-price settlement with U.S. authorities over the sale of toxic mortgage bonds helped to fuel a recovery in its shares on Friday after its chief executive said the group remained stable. Deutsche, which is Germany's …

  • Deutsche Bank nears $5.4 billion settlement over mortgage bonds: AFP Reuters

    (Reuters) - Deutsche Bank AG is nearing an agreement with U.S. officials to pay $5.4 billion to settle charges related to its sale of toxic mortgage bonds before the financial crisis, French news agency …

    A vintage clock with the logo of Deutsche Bank is pictured outside the bank's branch in Wiesbaden

    (Reuters) - Deutsche Bank AG is nearing an agreement with U.S. officials to pay $5.4 billion to settle charges related to its sale of toxic mortgage bonds before the financial crisis, French news agency AFP reported on Friday, citing sources. Germany's largest lender said about two weeks ago it would fight a $14 billion …

  • As Deutsche struggles, European bank rally creates investor dilemma Reuters

    By Alistair Smout LONDON (Reuters) - While possibly Europe's biggest "pain trade", fund managers are under pressure to buy banking stocks despite the deep problems of Deutsche Bank and some other lenders …

    A red traffic light is pictured in front of the Deutsche Bank headquarters in Frankfurt

    By Alistair Smout LONDON (Reuters) - While possibly Europe's biggest "pain trade", fund managers are under pressure to buy banking stocks despite the deep problems of Deutsche Bank and some other lenders in the region. A 9 percent slump to record lows on Friday for the German lender was rapidly reversed in afternoon trade, …

  • Avast not done with deal-making after AVG buy, but no rush Reuters

    By Jason Hovet PRAGUE (Reuters) - Avast Software, maker of the world's most popular computer antivirus program, will need a year to absorb its $1.3 billion buy of rival AVG but may seek further acquisitions …

    An AVG logo is seen during the International CTIA WIRELESS Conference & Exposition in New Orleans, Louisiana

    By Jason Hovet PRAGUE (Reuters) - Avast Software, maker of the world's most popular computer antivirus program, will need a year to absorb its $1.3 billion buy of rival AVG but may seek further acquisitions before an expected flotation, its chief executive said in an interview. Prague-based Avast closed its purchase on …

  • VW's Seat seeks return to profit with new models, cost cuts Reuters

    By Andreas Cremer PARIS (Reuters) - Volkswagen's long-struggling Spanish division Seat said it may return to profit this year for the first time since 2008 and stay there through 2018, benefiting from …

    A lighted billboard reads "Think New" at the introduction of the new Volkswagen electric car on media day at the Paris auto show, in Paris

    By Andreas Cremer PARIS (Reuters) - Volkswagen's long-struggling Spanish division Seat said it may return to profit this year for the first time since 2008 and stay there through 2018, benefiting from demand for new and redesigned models. Cost cuts and sales of models with higher trim levels helped Seat increase first-half …

  • Japan's Mitsubishi Motors to resume sales after latest cheating scandal Reuters

    Japanese automaker Mitsubishi Motors Corp <7211.T> will resume domestic sales of eight vehicle models on Oct. 1, the company said on Friday, after correcting overstated mileage readings in its second cheating …

    A Mitsubishi Motors logo is seen on media day at the Paris auto show

    Japanese automaker Mitsubishi Motors Corp <7211.T> will resume domestic sales of eight vehicle models on Oct. 1, the company said on Friday, after correcting overstated mileage readings in its second cheating scandal this year. Japan's sixth largest automaker has admitted it falsified the mileage on 12 models, including …

  • Germany's Bosch sues South Korea's Mando in U.S. on alleged patent infringements; Mando denies Reuters

    By Hyunjoo Jin SEOUL (Reuters) - German auto parts supplier Robert Bosch GmbH lodged a lawsuit in the United States against South Korean peer Mando Corp <204320.KS> alleging infringement of four patents, …

    Service sign is reflected in car door while product expert for diagnostics equipment of German auto parts supplier Robert Bosch analyses a car in garage in Plochingen

    By Hyunjoo Jin SEOUL (Reuters) - German auto parts supplier Robert Bosch GmbH lodged a lawsuit in the United States against South Korean peer Mando Corp <204320.KS> alleging infringement of four patents, a claim Mando later said was groundless, pledging to "actively respond". Shares in Mando tumbled 13 percent on Friday …

  • India aviation regulator lifts restrictions on new Samsung Note 7 phones Reuters

    India has lifted restrictions placed on using and carrying Samsung Electronics Co's <005930.KS> Galaxy Note 7 mobile phones on commercial airplanes, but only for devices purchased after Sept. 15, 2016, …

    A woman passes a Samsung Note 7 advertisement in Singapore

    India has lifted restrictions placed on using and carrying Samsung Electronics Co's <005930.KS> Galaxy Note 7 mobile phones on commercial airplanes, but only for devices purchased after Sept. 15, 2016, the country's aviation regulator said. The Directorate General of Civil Aviation (DGCA), earlier in Sept., warned passengers …

  • Growth in peril as east Europeans "sweat blood" to find workers Reuters

    By Gergely Szakacs SOLTVADKERT, Hungary (Reuters) - At peak harvest time, Hungarian winemaker Sandor Font has enough work for 30 people at his vineyard south of Budapest - if only he could find enough …

    A temporary worker loads harvested grapes onto a tractor in a vineyard in Soltvadkert

    By Gergely Szakacs SOLTVADKERT, Hungary (Reuters) - At peak harvest time, Hungarian winemaker Sandor Font has enough work for 30 people at his vineyard south of Budapest - if only he could find enough grape-pickers. In the end, he had to make do with about 10, mostly guest workers from Romania.

  • Samsung slammed by Chinese state TV over Note 7 recall 'discrimination' Reuters

    By Sijia Jiang HONG KONG (Reuters) - Chinese state broadcaster CCTV has slammed South Korean tech giant Samsung Electronics Co <005930.KS> for what it said was "discrimination" against China consumers …

    A Samsung Electronics' Galaxy Note 7 new smartphone is displayed at its store in Seoul

    By Sijia Jiang HONG KONG (Reuters) - Chinese state broadcaster CCTV has slammed South Korean tech giant Samsung Electronics Co <005930.KS> for what it said was "discrimination" against China consumers in its handling of a global recall of Galaxy Note 7 smartphones to replace batteries. In a commentary piece posted on …

  • Gut feeling: new CEO to steer Nestle down uncharted health path Reuters

    Using them to cure disease and boost wellness is one of several bets KitKat maker Nestle is making in the field of health and nutritional science, as it seeks to offset slowing sales of traditional processed …

    A logo is pictured outside the Nestle Institute of Health Sciences in Lausanne

    Using them to cure disease and boost wellness is one of several bets KitKat maker Nestle is making in the field of health and nutritional science, as it seeks to offset slowing sales of traditional processed foods. Ulf Mark Schneider, a German medical industry veteran, is expected to speed the drive into health-oriented …

  • China factories limp along, Japan inflation goes backwards Reuters

    By Wayne Cole SYDNEY (Reuters) - China's factory sector struggled to gain speed in September while Japanese inflation went backwards in August despite the best efforts of policymakers, underscoring the …

    A worker cuts steel plates inside the China Steel Corporation factory in Kaohsiung

    By Wayne Cole SYDNEY (Reuters) - China's factory sector struggled to gain speed in September while Japanese inflation went backwards in August despite the best efforts of policymakers, underscoring the limits of stimulus in reviving world growth. Friday's unflattering figures bookmarked a week in which the IMF warned …