Bloomberg Deutsche Bank AG will pass on negative interest rates only to larger corporate customers or the deposits of wealthy individuals and spare most retail clients, Deputy Chief Executive Officer Karl von Rohr said in an interview with Frankfurter Allgemeine Sonntagszeitung. The bank is talking to the customers affected and they understand the issues, von Rohr said. German banks have …

Bloomberg Australia’s stock market may not get the kind of boost historically seen in its peers should the country’s central bank unleash quantitative easing, according to Goldman Sachs Group Inc. The problem is already-low bond yields and elevated equity valuations, Goldman analysts Matthew Ross and Bill Zu wrote in a November 1 note. While Goldman still doesn’t see Reserve Bank …

Bloomberg The Philippine peso has a secret weapon that has made it one of Asia’s best-performing currencies this year: bumper real yields. While the central bank has cut interest rates three times this year to spur growth —which typically saps demand for a currency — slowing inflation has ensured that real yields on the nation’s bonds have remained among the …

Bloomberg Yes Bank Ltd, the Indian lender that’s been courting investors following management turmoil and scrutiny of bad loans, posted a bigger-than-expected second-quarter loss as soured debt increased and the firm took a one-time charge. The loss totalled 6 billion rupees ($84.7 million) for the three months ended on September 30, compared with net income of 9.65 billion rupees a …

Bloomberg JPMorgan Chase & Co and Amazon.com Inc have begun testing the new health-care venture they’re developing with Warren Buffett’s Berkshire Hathaway Inc, rolling out some of the new offerings to employees in a handful of states. Under the program, called Haven Healthcare, JPMorgan is offering its 30,000 workers in Ohio and Arizona two plans for 2020 run by Cigna …

Bloomberg Stock investors have stopped heeding the increasingly skeptical message of Wall Street earnings forecasters. Maybe everyone should. Pessimism of any type is starting to look like a misjudgment in the stock market of 2019, a year with a shot at becoming one of the best in decades. The S&P 500 has surged for four straight weeks, closing at a …

Bloomberg It’s old, but it’s not slowing down. A bull market that traces its lineage to the depths of the financial crisis is revving up again, notching its fourth straight weekly gain and pushing its advance in 2019 past 22%. After wavering at mid-year amid a US-China trade war and recession anxieties, American stocks are back in melt-up mode, ending …

Bloomberg Hope for a boom in the global solar industry this year is fading as the top market is expected to miss its installation target. China is likely to fail meeting the new capacity estimates it touted earlier this year, which were as high as 45 gigawatts, according to analysts at Daiwa Capital Markets and BloombergNEF, as well as the …

Bloomberg After weeks of hand-wringing over its fate, the flagship location of Barneys New York Inc will stay open for at least another year, albeit with a new format. The store will morph into a “pop-up retail experience” including boutiques, art and other cultural events, according to a statement from its new owner, Authentic Brands Group LLC. But the centre …

Bloomberg Delta Air Lines Inc may pull out of bidding for Alitalia SpA, complicating efforts to rescue the bankrupt Italian carrier, Corriere della Sera reported, citing unidentified people familiar. The Atlanta-based firm doesn’t want to take part in a bidding game and might tell Alitalia’s administrators that its offer to inject about 100 million euros ($112 million) is final, Corriere …