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Trading revenue to drop 20%, says Deutsche Bank

BLOOMBERG  Deutsche Bank AG expects trading revenue to decline as much as 20% this quarter and it is the first major European investment bank to warn of a significant slowdown. Fixed income trading will drop 15% to 20% compared with the bumper quarter a year earlier, when it rose more than 30%, Chief Financial Officer James von Moltke said on ...

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Companies’ global debt may exceed estimates: Philippines

BLOOMBERG  The Philippine central bank plans to require the nation’s largest business groups to disclose their foreign-debt levels due to concern their exposure may be bigger than currently estimated. The monetary authority aims to send out requests in the next three to six months as it seeks to head off any potential risk to the Southeast Asian nation’s economy, according ...

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DSCE reviews Dubai’s initiatives to support sustainable development

DUBAI / WAM The Dubai Supreme Council of Energy (DSCE) organised a workshop to highlight key projects and sustainable energy systems that support the UAE Net Zero by 2050 strategic initiative, the Dubai Clean Energy Strategy 2050 and the Dubai Net Zero Carbon Emissions Strategy 2050. Representatives from the DSCE, the Executive Council, the Carbon Abatement Committee, and the C40 ...

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