Bloomberg Deutsche Bank AG said it’s in talks with Commerzbank AG as part of a review of its strategic options, moving closer to creating a national champion lender as both banks struggle to grow. The lender confirmed it is “engaging” in talks with Commerzbank as it seeks to boost growth and profitability. Bloomberg first reported that the banks’ boards were ...

Bloomberg The Bank of Japan (BOJ) left its monetary stimulus program unchanged as it downgraded its assessment of exports, factory output and overseas economies. The BOJ’s decision to maintain its policy interest rates and asset purchases was predicted by all 46 experts surveyed by Bloomberg. Its gloomier take on the economy was also largely expected after a raft of weak ...

Bloomberg Wells Fargo & Co. boosted Chief Executive Officer Tim Sloan’s compensation by 5.7 percent to $18.4 million for last year as the bank has worked to overcome multiple scandals. Sloan got $2.4 million in salary and $14 million of restricted stock linked to performance goals, the San Francisco-based bank said in a regulatory filing. He also got a $2 ...

Bloomberg Lawyers are already targeting Boeing Co. for Ethiopian Airlines disaster even while investigators are still trying to figure out what caused two 737 Max 8 jetliners to go down in a span of five months, killing 346 people. Boeing faces the prospect of substantial payouts to the families of passengers if it’s found responsible for both the Indonesia and ...

Bloomberg Italy’s populist government is heading back to the drawing board as it struggles to find investors for bankrupt airline Alitalia SpA, with UK discounter EasyJet Plc close to bowing out of the latest rescue proposal, according to people familiar with the negotiations. Delta Air Lines Inc. is still on board as part of efforts led by Deputy Premier Luigi ...

Bloomberg Flughafen Zurich AG and Aena SME won concessions to operate airports in Brazil in an auction. The tender was seen as a test of investors’ appetite towards President Jair Bolsonaro’s market-friendly agenda that includes a massive privatisation plan. Bids for the three regional blocks came in well above the initial ask, and the government will collect fees of some ...

Bloomberg Battered minibus taxis snake the perimeter of Ivory Coast’s latest shopping hotspot, a brand new mall in a sprawling Abidjan suburb that shows how grocers like France’s Carrefour SA are turning their attention to lower-income African customers. The parking lot reserved for car owners lies empty, contrasting with the throng of shoppers inside the crowded $30 million Cosmos Mall, ...

Bloomberg Amazon.com Inc. is ending its experiment with electronics-focussed pop-up stores, shuttering 87 kiosks located inside shopping malls, Whole Foods Market locations and Kohl’s stores around the US. “After much review, we came to the decision to discontinue our pop-up kiosk program,” an Amazon spokeswoman said. The closings are expected to be completed by the end of April, the Wall ...

DUBAI / Emirates Business UAE start-ups secured $31.36 million in investments which account for 88 percent of the whole deal value of the region. Local services, e-commerce & financial services are the top three industries accounting for 44 percent of the entire deal count. In addition, logistics (9.3 percent), software (7.1 percent), media (4.6 percent), education (4.6 percent) and transportation ...

Bloomberg Oil gained for a second straight week as Opec assured traders it’s committed to culling supplies ahead of a key meeting with allies in Azerbaijan this weekend. Futures advanced 4.4 percent in New York and settled just pennies off a four-month high. Opec self discipline and a surprise reduction in US crude inventories signalled tightening supplies, but concern that ...