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Third day of gains for equities as investors eke out value in India

Bloomberg Indian equities capped a third day of gains as investors picked out value in a market that’s one of the region’s best-performers this year. The benchmark S&P BSE Sensex climbed 0.4 percent to 39,950.46 at the close in Mumbai, paring a larger gain, and the NSE Nifty 50 Index advanced by the same magnitude. India’s key equity indexes have ...

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Deutsche Bank’s top officer, ex-CEO ensnared in tax probe

Bloomberg Deutsche Bank AG investment-banking head Garth Ritchie and former co-Chief Executive Officer Anshu Jain were swept into a widening German probe on dividend tax payments, adding to strain on top leadership as the shares hover near record lows. Ritchie and Jain joined a growing list of potential targets for prosecutors investigating the so-called cum-ex tax scandal that’s rocked Germany’s ...

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Fed’s easing history shows Swiss franc as best bet: JPMorgan

Bloomberg Swiss franc bulls have history on their side as speculation grows that the Federal Reserve is about to cut rates. The franc was the best-performing currency during the past four rate-cutting cycles, according to JPMorgan Chase & Co. It’s already rallying as Treasury yields plummet, evidence the pattern might repeat. JPMorgan believes it will, leading the bank to upgrade ...

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