By Tom Sims and Patricia Uhlig FRANKFURT (Reuters) - Deutsche Bank (DE:DBKGn) will cut more costs, Germany's biggest bank said on Wednesday, as it confirmed a key profitability target for 2022 that analysts are not convinced it will achieve. The bank is in the midst of a major overhaul under Chief...
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HAMBURG (Reuters) - Volkswagen (DE:VOWG_p)'s supervisory board will discuss a contract extension for chief executive Herbert Diess at an extraordinary meeting on Wednesday, a source familiar with the deliberations told Reuters. VW's supervisory board has sought to avoid a discussion about the contract extension, as a way to defuse a leadership crisis at the world's largest carmaker, two people familiar with...
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By Geoffrey Smith Investing.com -- U.K. regulators flag allergic reactions to the Pfizer/Biontech vaccine. DoorDash raises nearly $3.4 billion in a blockbuster IPO and AirBnB is expected to price later. Stocks edge up as politicians continue stimulus dance and the yuan hits new highs despite inflation dipping below zero for the first time in a decade. Here’s what you need to know in financial...
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By Anna Irrera LONDON (Reuters) - Criminals are becoming more sophisticated in their use of cryptocurrencies to launder money, with hundreds of millions of dollars of dirty funds last year flowing through digital wallets that allow users to hide their trail, according to Elliptic. At least 13% of all criminal proceeds in bitcoin passed through privacy wallets - which make it harder...
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LONDON (Reuters) - British Prime Minister Boris Johnson said on Wednesday he believed Scotland would vote to remain part of the United Kingdom if there was another referendum in the future. "The people of Scotland ...
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By Peter Nurse Investing.com - U.S. stocks are seen opening largely higher Wednesday, helped by growing confidence that U.S. lawmakers will agree on a coronavirus relief package. At 7:05 AM ET (1205 GMT), the Dow Futures contract rose 75 points, or 0.3%, S&P 500 Futures traded 6 points, or 0.2%, higher, while Nasdaq 100 Futures dropped 9 points, or 0.1%. The Trump administration...
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By Peter Nurse Investing.com -- Stocks in focus in premarket trade on Wednesday, December 9th. Please refresh for updates. FireEye (NASDAQ:FEYE) stock fell 8.5% after the cybersecurity company said on Tuesday that it had been hacked, adding that the hackers appeared interested in a subset of customers, namely government agencies. It said it believed the attack was state-sponsored, but didn't mention...
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WARSAW (Reuters) - Poland and Hungary could reach a compromise to allow the EU to pass budget, but another summit might be needed to work out the deal beyond the meeting of the bloc's leaders planned for this week, Poland's Foreign Minister Zbigniew Rau said on Wednesday. Poland and Hungary have been blocking 1.8 trillion euros ($2.18 trillion) in funding because...
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By Nick Carey LONDON (Reuters) - Honda Motor Co Ltd said on Wednesday it had temporarily halted production at its British factory because of transport-related delays that have cause a shortage of parts. "The situation is currently being monitored with a view to re-start production as soon as possible," Honda said in a statement. A spokesman declined to say whether the...
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LONDON (Reuters) - Two former Barclays (LON:BARC) bankers, jailed in Britain for conspiring to rig Euribor interest rates, have lost an attempt to overturn their convictions because of alleged juror bias and errors by the trial judge, the Serious Fraud Office said on Wednesday. Colin Bermingham, a former cash market expert and veteran banker, and Carlo Palombo, who once...
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