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Deutsche Bank to seek $2.3bn in asset management IPO

Bloomberg Deutsche Bank AG expects to raise about 2 billion euros ($2.3 billion) from selling a quarter of its asset management business in an initial public offering, according to people familiar with the matter. The partial offering would value the unit at about 8 billion euros and account for substantially all the capital the bank had expected to raise through ...

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Pak central bank allays deficits concerns

Bloomberg Pakistan central bank Deputy Governor Jameel Ahmad played down concerns over the nation’s widening current account and trade deficits and said they will improve this year as exports begin to pick up and rising imports slow. “There are challenges in the form of a growing trade deficit and also its impact on the current account deficit, but when you ...

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RBNZ 2% inflation focus may be up for discussion

Bloomberg New Zealand Finance Minister Grant Robertson said he expects to discuss the central bank’s current focus on the 2 percent midpoint of its inflation target band once a new governor is appointed. “The most important thing for me is that we continue, and we’ve committed to, keeping the band,” he said in an interview in his Wellington office. “I ...

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