Bloomberg UniCredit SpA, Italy’s biggest bank, expects an 11.8 billion-euro ($12.6 billion) net loss for 2016 after setting aside more money for bad loans and booking one-time charges related to its turnaround plan. UniCredit took an additional charge of 1 billion euros, on top of the 12.2 billion euros announced December 13, as it booked a higher writedown of ...

  TOKYO / AP Japan’s central bank upgraded its outlook for growth in the coming year on Tuesday but hedged its bets by keeping its lavish monetary easing unchanged. The Bank of Japan (BOJ) cited easy lending conditions, rising exports and stronger government and corporate spending, in part linked to the 2020 Tokyo Olympics, as reasons to expect more robust ...

  Oberhausen / AP Artist and professor Guenter Fruhtrunk later apologized to his students for designing the logo for Aldi, the discount German supermarket chain that now has 7,000 stores on three continents. Back then, as it is now, it was regarded as unseemly for artists to be serving the interests of capitalism or to make art into bulk commodities ...