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Deutsche Bank AG

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  • It also scaled back plans to return 4 billion pounds of cash flowing from a $20 billion- plus asset swap with Novartis to investors, opting instead to pay a 1 billion special dividend. Chief Executive Andrew Witty is under pressure to demonstrate that the Novartis deal can revive GSK's fortunes by focusing it on consumer health and vaccines, following a slide in...

  • LONDON, May 6- A worldwide sell-off in government bonds deepened on Wednesday, with the rise in long-term borrowing costs to their highest level this year spreading unease across all assets and putting stock markets under pressure too. That deflation scare, itself driven by a halving of energy prices at the back end of 2014, had unleashed a wave of central bank...

  • SYDNEY, May 6- A golden era of record profits and lush dividends is coming to an end for Australia's major banks, with disappointing results this week revealing a new normal of more modest earnings growth due to tougher capital requirements and a sluggish economy. Having doubled annual profits over the past five years, Australia's banks are now set to post low...

  • Australian banks' golden run over as growth plateaus Wednesday, 6 May 2015 | 1:10 AM ET

    SYDNEY, May 6- A golden era of record profits and lush dividends is coming to an end for Australia's major banks, with disappointing results this week revealing a new normal of more modest earnings growth due to tougher capital requirements and a sluggish economy. Having doubled annual profits over the past five years, Australia's banks are now set to post low...

  • Opinion polls suggest the Labour Party or the Conservative Party will not win a majority to the House of Commons, meaning as many as ten different varieties of government are possible. That could lead to horse trading and pork barrel politics, fueling uncertainty over Britain's economic path, particularly over the public finances, its future in the European...

  • *Quarterly net profit 1.98 bln Sfr vs 1.1 bln Sfr in poll. ZURICH, May 5- Switzerland's UBS reported its biggest quarterly profit in nearly five years on Tuesday, justifying the bank's decision to refocus on wealth management and slim down its investment bank. Inflows of cash from rich customers in Asia and a surge in foreign exchange dealing after the Swiss...

  • May 4- Morgan Stanley said on Monday it could lose more than $290 million from a lawsuit by Deutsche Bank National Trust Co over the quality of about $735 million of the Wall Street firm's mortgages. Deutsche Bank in April last year filed a complaint that alleged Morgan Stanley had falsely represented the quality of the loans, the U.S. bank said in a regulatory...

  • SEOUL/ HONG KONG, May 5- The dealing rooms of Seoul's foreigners-only casinos are echoing to the sound of Mandarin as operators target a new breed of' low-roller' gamblers- Chinese shoppers. In places like Paradise Walkerhill in Seoul, Paradise Co Ltd, South Korea's biggest casino firm, is targeting people like Chen Jie Yi, a 27- year-old from Beijing on a recent tour...

  • ECB sees more stress tests in bank supervision Monday, 4 May 2015 | 7:46 AM ET

    FRANKFURT, May 4- The European Central Bank plans to use further stress tests as part of its effort to ward off any future banking crises in the euro area, a high level ECB official said on Monday. "The stress testing will be part of the supervisory activities in the future, for sure, in some form or another," Jukka Vesala, an ECB Director General responsible for...

  • RPT-Shrinking liquidity exposes markets to crunch Monday, 4 May 2015 | 5:19 AM ET

    LONDON, May 1- The calm on global financial markets masks a growing threat to their smooth functioning should shrinking liquidity morph into an outright crunch in response to a U.S. interest rate rise or some other shock. Some analysts blamed the sell-off on a lack of liquidity, with Commerzbank going so far as to call it a "flash crash." Analysis from GreySpark...

  • Shrinking liquidity exposes markets to crunch Friday, 1 May 2015 | 5:13 AM ET

    LONDON, May 1- The calm on global financial markets masks a growing threat to their smooth functioning should shrinking liquidity morph into an outright crunch in response to a U.S. interest rate rise or some other shock. Some analysts blamed the sell-off on a lack of liquidity, with Commerzbank going so far as to call it a "flash crash". Analysis from GreySpark...

  • LOS ANGELES, April 30- Tesla Motors Inc on Thursday unveiled Tesla Energy- storage systems or batteries for homes, companies and utilities that will expand its business beyond electric vehicles and tap into a fast-growing area of the energy industry. Tesla's lead installation partner for the home battery will be SolarCity Corp, the solar installer backed by...

  • LOS ANGELES, April 30- Tesla Motors Inc unveiled Tesla Energy- a suite of batteries for homes, businesses and utilities- a highly-anticipated plan to expand its business beyond electric vehicles. The goal is complete transformation of the energy infrastructure of the world, "Chief Executive Elon Musk told media at Tesla's design studio at Hawthorne, California...

  • LOS ANGELES, April 30- Gilead Sciences Inc said on Thursday its quarterly net profit nearly doubled, driven by sales of its novel hepatitis C drugs, as it topped Wall Street estimates. Excluding one-time items, Gilead earned $2.94 per share in the first quarter, outpacing the average Wall Street estimate of $2.32, according to Thomson Reuters I/B/E/S.

  • Tesla hunts for new revenue in home storage batteries Thursday, 30 Apr 2015 | 2:48 PM ET

    LOS ANGELES, April 30- Tesla Motors Inc shares slipped Thursday after a month-long surge ahead of Chief Executive Elon Musk's expected announcement that the money-losing electric luxury car maker will seek new revenues from batteries for storing electricity at homes and businesses. Musk and other Tesla officials have dropped a series of broad hints over...

  • U.S. firms lead EU lobbying league Thursday, 30 Apr 2015 | 1:58 PM ET

    *Tech rivals Microsoft, Google among big lobbiers. BRUSSELS, April 30- U.S. companies, including tech rivals Microsoft and Google, were among leading spenders on corporate lobbying in Brussels last year, a Reuters review of new data showed. Oil majors Exxon Mobil of the United States and Anglo-Dutch Shell shared the top spot with Microsoft, with reported spending...

  • *Bank to probe own management in wake of U.S. fine over Iran. FRANKFURT, April 30- Commerzbank suffered an embarrassing defeat at the hands of its biggest shareholder, the German government, in a vote over a bonus scheme that would have offered top performers up to triple their basic pay. In 2014, Britain's RBS, 80 percent state-owned, withdrew a request to pay a bonus...

  • COPENHAGEN, April 30- Novo Nordisk's chief operating officer, a 26- year company veteran who had been expected to become CEO, quit unexpectedly after the board said the current chief should stay until 2019.. Chief Executive Lars Rebien Sorensen had been expected to step down from the world's largest insulin maker well before the end of his contract in 2019. When...

  • April 30- U.S. biotechnology company Celgene Corp posted a lower-than-expected quarterly revenue, hit by a stronger dollar, but said the dollar would not hurt full-year sales and profit more that it had already forecast. Celgene in late January had forecast 2015 adjusted profit of $4.60- $4.75 per share, on net product sales of $9.0- $9.5 billion, including a near...

  • ANALYSIS-Absence of contagion changes whole Greek game Wednesday, 29 Apr 2015 | 3:00 PM ET

    LONDON, April 29- If fear of Europe- wide financial wildfire was Athens' trump card in its standoff with euro zone creditors- then the card has now turned up a dud. A reprise of 2010/ 2011 would have seen any threat of Greek default or euro exit infecting markets everywhere and sending government borrowing costs across Italy, Spain, Ireland and Portugal soaring,...