Bloomberg The best is probably over for commodities this year as the Brexit vote adds risks to global growth and oil is set to retreat, according to the Merchant Commodity Fund, which returned 9 percent in the first half. The fund, run by ex-Cargill Inc. employees Doug King and Michael Coleman, has changed its commodities outlook to neutral from …

  AFP Deutsche Bank once epitomised the best of Germany’s financial sector, shining brightly as the European economic powerhouse’s biggest lender. But this week its share price slid to new lows, fuelling concerns about the health of the institution, with some even questioning if it has a long-term future and the IMF moved to see it as a “systemic” risk …

  AP An ex-executive at a New York investment bank has admitted to defrauding investors of more than US$38 million, blaming it on his gambling addiction. Andrew Caspersen pleaded guilty to securities and wire fraud in federal court in Manhattan. Prosecutors say he scammed clients of PJT Partners Inc into investing millions of dollars in sham private equity investments. They …