Bloomberg Deutsche Bank AG Chief Executive Officer John Cryan signaled Germany’s largest lender may have to deepen cost cuts after second-quarter profit was almost wiped out by a slump in trading revenue and costs tied to job reductions. The shares declined. Net income decreased to 18 million euros ($20 million) from 796 million euros a year earlier, the Frankfurt-based …

  BLOOMBERG Europe’s stocks are far from cheap. That’s according to Robert Parkes, head of European equity strategy at HSBC Holdings Plc, who says the market is “fully valued and bordering on expensive.” To illustrate, he pointed to the MSCI Europe Index’s price-earnings ratio, which at about 20 times reported profit is near the highest since 2004. That’s even after …

  Bloomberg China’s central bank boosted the supply of cash in the financial system, helping push the benchmark money-market rate down from a three-month high. The People’s Bank of China sold 180 billion yuan ($27 billion) of seven-day reverse-repurchase agreements, which inject funds into the banking system. That’s the biggest single-day offering of the contracts since June 29. This comes …