Bloomberg Nokia Oyj plunged after saying customers aren’t quite ready to increase spending on faster networks and are demanding price cuts. In the second quarter, Nokia’s operating profit fell 42 percent to 334 million euros ($391 million), short of the 374.5 million-euro average of analysts’ estimates compiled by Bloomberg. Suri said he expects market conditions to improve further in the ...

The news that the Deutsche Bank AG has transferred about half of its business clearing euro-denominated derivatives to Frankfurt from London shouldn’t come as a surprise. But it’s another reminder that money flows to where it feels most welcome and stays where it’s well treated — and post-Brexit London is set to be a more hostile environment for finance. Even ...

Commodity funds are going soft. The investors who helped bid up the price of LME copper to a four-year high of $7,348 a metric ton last month are beating a path to the door. Holdings of investment funds in Chicago copper futures this month crashed to a net short position for the first time since the election of US President ...