Trafigura Group was investigated by the US Department of Justice over commodity price manipulation, according to a filing from a case involving one of the company’s former oil products traders.
A tier 2 subordinated bond by Deutsche Bank AG is surging toward face value on Friday after the lender unexpectedly announced its decision to redeem the note early.
UBS Group AG may use its takeover of Credit Suisse Group AG as an opportunity to rebuild its investment banking business in the Middle East after recently shuttering its regional dealmaking and advisory operations, according to people familiar with the matter.
Tether Holdings Ltd., the issuer of the biggest stablecoin, expects to post a profit of about $700 million for this quarter, Chief Technology Officer Paolo Ardoino said.
(Bloomberg) — Bundesbank President Joachim Nagel praised regulatory and stability progress since the 2008 financial crisis, saying policymakers are ready in case turmoil flares up.
Xiaomi Corp.’s profit beat expectations as the world’s third-largest smartphone maker weathered a difficult quarter to close the year.
India’s parliament secretariat removed Rahul Gandhi as a lawmaker after a local court convicted him of defaming Prime Minister Narendra Modi, dealing a huge blow to the opposition ahead of national elections next year.
Investors are fleeing to cash in the biggest rush since the onset of the pandemic as concerns of an economic slowdown mount, according to Bank of America Corp. strategists who see equity and credit markets slumping in coming months.
Euro-zone economic growth continued to pick up in March, driven exclusively by the service sector as concerns over energy supplies recede.
Deutsche Bank AG shares slumped and the German lender’s credit-default swaps surged amid wider concerns about the stability of the banking sector.
