Bloomberg European Central Bank (ECB) officials agreed that a cut to their 2019 growth projection in itself acknowledged that risks to the outlook for the euro-area economy had increased. That effectively allowed President Mario Draghi to avoid saying in December that the balance of risks was to the downside, which would have jarred alongside a decision to halt bond buying …

Bloomberg Two of China’s New York power players are pulling back from Trump — Trump Tower, that is. First, a big Chinese conglomerate, HNA Group Co, moved to sell a Manhattan office tower four blocks from Trump Tower after US authorities raised national security concerns. A deal has finally been cut. Now, China’s biggest bank, Industrial & Commercial Bank of …

Bloomberg M.M. Warburg & Co, a private bank under investigation in Germany over a series of controversial tax deals, has opened a new legal front by suing Deutsche Bank AG to pick up the bill. Warburg filed a suit in Frankfurt in December to force Deutsche Bank to pay a 46 million-euro ($53 million) tax bill the company received over …