Mercedes-Benz Group AG’s sales of ultra-luxury vehicles such as the S-Class slumped in the third quarter, a blow to the automaker’s strategy of focusing on cars with the highest profit margins.
Deutsche Bank AG’s sales of foreign-exchange derivatives to small companies in Spain are being examined by securities regulator CNMV, adding to scrutiny of the lender over the matter.
Stockholm plans to ban petrol and diesel cars in part of the city starting in 2025 in a bid to crack down on pollution.
(Bloomberg) — Regulators around the world should subject banks to tougher stress tests and step up scrutiny to minimize vulnerabilities in the sector, according to the International Monetary Fund.
Chinese developer Country Garden Holdings Co. offered the strongest indication yet that it’s set for a maiden default and debt restructuring, in the latest sign that authorities’ rescue efforts are far from enough to stop the nation’s property crisis from worsening.
As Europe embarks on a wholesale review of the world’s biggest ESG investing rulebook, an executive at Deutsche Bank AG’s fund unit says the complete makeover that some in his industry want would be a terrible mistake.
The annual meetings of the International Monetary Fund and World Bank kick off this week against a backdrop of escalating global conflict and debt distress.
Hacking groups, including some tied to Russia, are attacking Israeli government and media websites, allying themselves with the Palestinian military group Hamas that launched a series of deadly strikes on the country over the weekend.
Turkey, Romania and Bulgaria are discussing the creation of a joint force to clear any mines that drift into their waters from Russia’s war against Ukraine, according to three officials familiar with the talks.
EuroAPI, the pharma-ingredients firm spun off by Sanofi last year, plunged as much as 61% after cutting its guidance and saying it would embark on a strategic review.
