Bloomberg The Philippine central bank cut the ratio of funds that lenders must hold as reserves, in line with a strategy outlined by Governor Nestor Espenilla to reform financial markets. The reserve requirement ratio was lowered by 1 percentage point to 18 percent, effective from June 1, Bangko Sentral ng Pilipinas said in a statement. The move, the second reduction …

Bloomberg Deutsche Bank AG will cut a quarter of equities jobs and reduce overall positions by at least 7,000 as Chief Executive Officer Christian Sewing seeks to slash costs and boost profitability. The reductions will take the number of jobs at the Frankfurt-based lender to well below 90,000 and lead to a restructuring charge of as much as 800 million …

Bloomberg Boeing Co. has dispatched a prominent executive to help Rolls-Royce Holdings Plc work through escalating engine problems that have grounded dozens of 787 Dreamliners. Keith Leverkuhn is serving as Boeing’s eyes and ears at Rolls factories in Singapore and Derby, England, where the Trent 1000 engine is manufactured and being repaired. Leverkuhn, an engineer with expertise in propulsion, is …