Commerzbank on Monday beat analysts' expectations for pretax profit in the third quarter as provisions for bad loans decreased.» Read More
*OPEC oil production hits 2.5- year high in May- Reuters survey. LONDON, June 1- Crude oil prices dropped on Monday on expectations that OPEC production would remain high, stoking worries of oversupply despite declining U.S. rig operations. "OPEC continues to produce well above target, and also well above demand for its oil," said Carsten Fritsch, senior oil analyst at...
The U.S. dollar traded lower against a currency basket after downward producer price data challenged hopes for better U.S. economic growth.
Oil slipped on Monday as signs U.S. shale oil production was recovering after a recent price rally renewed concerns of a growing global supply glut.
European equities trimmed losses on Thursday and closed flat, rebounding from heavy selling earlier in the session.
Commerzbank's investment banking division saw a 40 percent increase in operating profit, driven primarily by a surge in debt and currency.
European equities closed lower on Tuesday, as investors took a breather from a stellar rally in the previous session and looked ahead to a meeting of the U.S. Federal Reserve.
The UK's markets regulator has fined Bank of America Merrill Lynch a record $20 million for failing to report transactions properly.
Apple has cut prices for products like the iPhone 6 on its Russian website in the wake of a rising ruble.
Oil prices rallied on Thursday as strong German economic data and continued uncertainty about an agreement on Iran's nuclear program provided lift.
Gold edged higher, holding above $1,200/oz as the dollar retreated and expectations grew that the Fed may delay a U.S. rate rise to next year.
The greenback recovered as trading desks returned to full strength and underlying trends for its continued rise reappeared.
Oil futures closed up $1.84 at $53.98 on Tuesday, above earlier highs and erasing losses on strong jobs data.
European equities closed slightly higher Friday, as the oil and gas sector took another hit from tumbling oil prices.
U.S. officials say Commerzbank carried out transactions with U.S.-sanctioned entities in Iran and Sudan.
Europe shares end mixed after US jobs data
Oil pared gains after earlier getting support from threats to Middle East supplies and expectations lower prices may curb U.S. output.
European equities ended higher on Thursday as investors cheering a peace deal agreed between Ukraine and Russia.
Commerzbank's fourth-quarter net profit edged higher to 77 million euros as a falloff in loan loss provisions helped compensate for weaker revenue.
U.S. oil prices were steady Monday, ahead of the first big snowstorm this year in the country's Northeast.
Nymex crude dropped after data from the U.S. government showed commercial crude inventories rose far more than expected last week.