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

Deutsche shares recover after CEO reassures on stability

Reuters - By Andreas Kröner and Maiya Keidan FRANKFURT/LONDON (Reuters) - Deutsche Bank's chief executive sought to reassure his staff on Friday that Germany's largest lender remained robust after fears over…

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  • A statue is seen next to the logo of Germany's Deutsche Bank in Frankfurt
    Deutsche shares recover after CEO reassures on stability Reuters

    By Andreas Kröner and Maiya Keidan FRANKFURT/LONDON (Reuters) - Deutsche Bank's chief executive sought to reassure his staff on Friday that Germany's largest lender remained robust after fears over its …

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

    By Andreas Kröner and Maiya Keidan FRANKFURT/LONDON (Reuters) - Deutsche Bank's chief executive sought to reassure his staff on Friday that Germany's largest lender remained robust after fears over its stability sent tremors through global financial markets. Chief Executive John Cryan's letter, seen by Reuters, addressed …

  • 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 …

  • Deutsche Bank woes keep stocks on steep slide Reuters

    By Marc Jones LONDON (Reuters) - An eight percent slump in Deutsche Bank's already battered share price sent Europe into a fresh tailspin on Friday and left world equity markets sliding toward their worst …

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

    By Marc Jones LONDON (Reuters) - An eight percent slump in Deutsche Bank's already battered share price sent Europe into a fresh tailspin on Friday and left world equity markets sliding toward their worst week in three months. Germany's biggest lender, Deutsche, hit by a string of fines for wrongdoing and a sharp fall …

  • Euro weakens on Deutsche Bank jitters, Swiss franc drops on SNB chatter Reuters

    Earlier, the euro hit a two-month low against the Swiss franc, but recovered sharply on speculation that the Swiss National Bank was perhaps intervening to cap the currency's strength. Global share prices …

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

    Earlier, the euro hit a two-month low against the Swiss franc, but recovered sharply on speculation that the Swiss National Bank was perhaps intervening to cap the currency's strength. Global share prices slipped on worries about Deutsche Bank , whose stock has hit record lows, briefly dropping below the 10 euros level …

  • 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 …

  • China September factory activity expands marginally as orders edge up-Caixin PMI Reuters

    China's factory activity expanded in September as domestic and export orders picked up but the improvement was marginal and manufacturers continued to shed jobs, a private business survey showed on Fr …

    A worker check on product at a steel factory in Dalian

    China's factory activity expanded in September as domestic and export orders picked up but the improvement was marginal and manufacturers continued to shed jobs, a private business survey showed on Friday.

  • Tesla says Autopilot not to blame in crash with bus in Germany Reuters

    FRANKFURT/SAN FRANCISCO (Reuters) - A Tesla Motors Inc car operating under Autopilot collided with a bus in northern Germany, but the electric car maker said a collision was unavoidable because the bus …

    The logo of U.S. car manufacturer Tesla is seen in Zurich

    FRANKFURT/SAN FRANCISCO (Reuters) - A Tesla Motors Inc car operating under Autopilot collided with a bus in northern Germany, but the electric car maker said a collision was unavoidable because the bus swerved into the vehicle's lane. The incident occurred on Wednesday in the town of Ratzeburg, German police said. The …

  • Salesforce urges EU to probe Microsoft, Linkedin antitrust issues Reuters

    U.S. software company Salesforce called on EU regulators on Thursday to investigate antitrust issues related to Microsoft's $26 billion bid for social network LinkedIn. Microsoft is expected to seek …

    A 3D printed logo of Microsoft is seen in front of a displayed LinkedIn logo in this illustration

    U.S. software company Salesforce called on EU regulators on Thursday to investigate antitrust issues related to Microsoft's $26 billion bid for social network LinkedIn. Microsoft is expected to seek EU antitrust approval in the coming weeks for its largest ever deal. Salesforce , which lost out on the bidding for LinkedIn …

  • Citi equities executive Bitton leaves firm Reuters

    Michael Bitton, the global head of delta one and head of North American prime finance at Citigroup Inc , has left the firm, according to a person familiar with the matter. Bitton, who joined Citi in 2012 …

    People walk past a branch of Citibank in Beijing

    Michael Bitton, the global head of delta one and head of North American prime finance at Citigroup Inc , has left the firm, according to a person familiar with the matter. Bitton, who joined Citi in 2012 from UniCredit, departed Citi in June, the person said. A spokesman for Citi declined to comment.

  • DoubleLine's Gundlach: avoid Deutsche Bank securities for now Reuters

    By Jennifer Ablan NEW YORK (Reuters) - Jeffrey Gundlach, chief executive of DoubleLine Capital, said on Thursday that investors should tread carefully when trading Deutsche Bank AG shares because a government …

    Jeffrey Gundlach, Chief Executive Officer, DoubleLine Capital, speaks at the Sohn Investment Conference in New York

    By Jennifer Ablan NEW YORK (Reuters) - Jeffrey Gundlach, chief executive of DoubleLine Capital, said on Thursday that investors should tread carefully when trading Deutsche Bank AG shares because a government bailout is not out of the question. It's un-analyzable," Gundlach told Reuters by phone about Deutsche Bank shares …

  • Oil gains, Deutsche Bank weighs on stocks; yen cuts losses Reuters

    By Rodrigo Campos NEW YORK (Reuters) - Crude oil futures rose on Thursday, adding to the previous session's rally on optimism over an OPEC plan to curb output, while stocks fell as Deutsche Bank tumbled …

    Traders work on the floor of the NYSE

    By Rodrigo Campos NEW YORK (Reuters) - Crude oil futures rose on Thursday, adding to the previous session's rally on optimism over an OPEC plan to curb output, while stocks fell as Deutsche Bank tumbled after a report said trading clients have withdrawn excess cash and positions held in the largest German lender. Energy …

  • Google rebrands cloud business, adds more artificial intelligence Reuters

    Alphabet Inc's Google said on Thursday it renamed its business-to-business cloud computing brand and enhanced some enterprise applications using artificial intelligence, the company's latest gambit to …

    A Google search page is seen through a magnifying glass in this photo illustration taken in Berlin

    Alphabet Inc's Google said on Thursday it renamed its business-to-business cloud computing brand and enhanced some enterprise applications using artificial intelligence, the company's latest gambit to better compete with Amazon.com and Microsoft Corp. in the lucrative cloud business. Discussing the rebranded Google Cloud, …