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Deutsche to sell Postbank to shore up capital

  Bloomberg Deutsche Bank AG, seeking to shore up capital, has said it wants to sell or spin off German retail-banking unit Postbank. Standing in the way: bonds known as CoCos. Blame it on conflicting accounting rules. While Deutsche Bank has taken a multi-billion-euro writedown for Postbank in accounts based on international standards, it hasn’t done so on its income ...

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Quake near US oil hub prompts infrastructure concerns

  CUSHING / AP A magnitude 5.0 earthquake centered near one of the world’s key oil hubs brought down building facades and shattered windows in a central Oklahoma city, rendering century-old buildings unsafe and raising concerns about key infrastructure. Cushing Assistant City Manager Jeremy Frazier told a news conference late on Sunday that a few minor injuries were reported. He ...

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Vietnam, Ireland agree coop on education, energy

  HANOI / AP Vietnam and Ireland agreed on Monday to increase their cooperation in education, renewable energy, information technology and health care, during a visit to the Southeast Asian country by Irish President Michael Higgins. Higgins said he and Vietnamese President Tran Dai Quang discussed how the two countries can serve as a bridge for developing relations with the ...

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