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31 die in double bomb blast in Syria Kurdish city

Beirut / AFP A double bomb attack killed 31 people and wounded dozens in the Kurdish-majority city of Qamishli in northeastern Syria on Wednesday, Syrian state television reported. In a breaking news alert, state television gave an “initial toll” of 31 dead and 170 wounded, adding that rescue workers were still retrieving victims of the blasts. The Syrian Observatory for Human ...

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Deutsche Bank signals deeper cuts as trading slump hits profit

  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 ...

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Simplest valuation case on Europe stocks looks ugly to HSBC

  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 ...

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