Bloomberg Commerzbank AG Chief Executive Officer Martin Blessing said a “slow” first quarter will make it more difficult to achieve last year’s profit, just a month after the bank projected an increase in full-year earnings. “The result for the first three months is likely to be lower than in the previous quarter,” Blessing, 52, told shareholders at the annual ...

  Bloomberg The People’s Bank of China (PBOC) used open-market operations to inject the most funds in two weeks, helping meet a seasonal spike in demand for cash that also saw the central bank provide two rounds of medium-term loans within a week. The PBOC auctioned 90 billion yuan ($14 billion) of seven-day reverse-repurchase agreements on Tuesday, the most since ...

  New York / AFP Goldman Sachs reported a sharp decline in first-quarter earnings, but gave a fairly bullish outlook for the mergers and acquisitions business now that financial markets have stabilised. Earnings for the quarter ending March 31 were $1.2 billion, down 56.3 percent from the year-ago period. Revenues sank 40.3 percent to $6.3 billion. Nearly all of the big ...