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Deutsche asks top managers to forgo a month’s pay

Bloomberg Deutsche Bank AG asked its top managers to join executive committee in foregoing a month’s pay after the lender resumed a sweeping job cuts program to reduce expenses. “As our restructuring plans progress, the management board and the group management committee have decided to lead by example and give a broader group of senior managers the opportunity to be ...

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Mohamed greets President, VP, Rulers of Emirates on Eid Al Fitr

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has congratulated President His Highness Sheikh Khalifa bin Zayed Al Nahyan, on the occasion of Eid al-Fitr. He wished President His Highness Sheikh Khalifa good health and well-being to continue the nation’s development drive, ...

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Oil pares weekly gain amid doubts over China growth

Bloomberg Oil fell, paring a weekly gain, as investors weighed improving supply fundamentals against doubts surrounding China’s economic growth. Futures in New York slid 2% but notched a 13% increase for the week. Major producers continue to scale back production. US explorers laid down another 21 oil rigs, bringing the total to the lowest since 2009. Beijing abandoned its economic ...

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