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Super Typhoon kills one in Philippines

Bloomberg At least one person was killed and tens of thousands fled their homes as Super Typhoon Surigae made a close approach to the Philippines’ eastern provinces. A 79-year-old male was declared dead on arrival at a hospital after suffering severe head injury caused by a fallen coconut tree in Leyte province in central Philippines, the disaster risk-reduction agency said ...

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Deutsche Bank builds world EM FX trading engine in Singapore

Bloomberg Deutsche Bank AG is replacing its global pricing engine for emerging-market currencies in London with one in Singapore, drawn by surging trading in Asia and the increasing importance of the Chinese yuan. Locating new and more powerful computer hardware in the city-state will help the bank shave vital fractions of seconds from the time it takes to execute orders ...

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ABN Amro sees quarterly loss after $574m settlement

Bloomberg ABN Amro Bank NV agreed to pay 480 million euros ($574 million) to end a Dutch investigation that found “serious shortcomings” in the lender’s processes to combat money laundering. The amount will be booked in the first quarter and the lender expects a “modest” loss as a result, according to a statement on Monday. As part of the settlement, ...

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