Hours after President Trump said Sunday he had "second thoughts" about escalating the trade war with China, the White House sought to explain his remark because it was...Politicsread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
President Donald Trump said Sunday he was not happy after North Korea launched short-range ballistic missiles over the weekend.Politicsread more
The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
Trump does have some powerful tools that would not require approval from U.S. Congress.Politicsread more
Germany's flagship lender posted 201 million euros ($223 million) in net income for the first three months of the year. This was a rise of 67% from the same period a year ago and better than the 29 million euro figure given by Reuters in an analyst poll.
Revenues for the quarter were down 9%, with the bank's full-year target cut to "essentially flat" from 2018. Last month, Deutsche Bank had projected a slight increase in 2019 revenues.
Shares of the lender slipped 3% on the news.
"Our first-quarter results demonstrate the strength of our franchise and our continued progress in executing our plans in a very challenging market environment," CEO Christian Sewing said in statement.
"We have made progress on key business drivers: growth in loans and deposits, a recovery in assets under management and market share improvements in corporate finance."
Deutsche Bank had pre-released some of its expected first-quarter earnings on Thursday morning.
The detailed figures published Friday come shortly after Deutsche Bank and Commerzbank formally ended merger talks, saying the deal would have been too risky.
"This is a decision that has to be respected by everybody," German Economy Minister, Peter Altmaier, told CNBC's Eunice Yoon in Beijing, China on Friday.
"The fact that both banks agreed that such a merger is not the right thing to do means that is accepted and supported by the German government," Altmaier said.
Its common equity tier-1 ratio, which indicates a bank's strength, stood at 13.7% at the end of the first quarter.
In the past few years, Deutsche Bank has made headlines for all the wrong reasons — from settlements with the U.S. Department of Justice, to management reshuffles, weak earnings, constant restructuring and steep stock price falls.