In 2019, Deutsche Bank AG and Commerzbank AG explored (and abandoned) plans to fix their broken models by merging. Since then, they have been making some progress on their own and up against the pandemic. After five years in the red, Deutsche finally returned to a meager profit, while Commerzbank, the smaller rival, is at last embarking on a much-needed ...

Bloomberg Alibaba Group Holding Ltd drew robust orders for a $5 billion bond sale, demonstrating investor confidence in the e-commerce giant’s long-term prospects amid easing tensions with Chinese regulators. The four-tranche offer received more than $38 billion in orders at the peak, according to people with knowledge of the matter. The notes comprising 10-year, 20-year, 30-year and 40-year maturities were ...

Bloomberg Kuaishou Technology’s eye-popping debut in Hong Kong following a mega $5.4 billion initial public offering has sent a strong signal to other listing candidates waiting in the wings — that this is a great time to go public. The operator of China’s most popular short-video service after ByteDance Ltd’s Douyin saw its shares almost triple on their debut, boosting ...

Bloomberg Thailand’s government is ready to take more fiscal steps if economic growth falls below its base-case forecast, driven by the latest Covid-19 outbreak or delays in vaccinating the public, a Finance Ministry official said. “The government is ready to do more if needed, and we still have fiscal space left,” Kulaya Tantitemit, acting director general of the Fiscal Policy ...

Bloomberg Australia, Japan, the US and India plan to hold a summit to strengthen ties amid China’s growing influence in the Indo-Pacific region, the Sankei newspaper reported, citing unidentified government officials. The four countries are preparing for the teleconference meeting, whose agenda will include the protection of a free and open Indo-Pacific region, according to the newspaper. India has, however, ...

Bloomberg SF Holding Co, one of the largest Chinese package-delivery services, is exploring a potential investment in tycoon Robert Kuok’s listed logistics business, people with knowledge of the matter said. The Chinese courier is in talks to acquire roughly a 20% stake in Kerry Logistics Network Ltd, according to the people, who asked not to be identified because the information ...

Bloomberg Myanmar saw its biggest protests in more than a decade on Sunday as tens of thousands of demonstrators took to the streets in several cities calling for the release of detained civilian leader Aung San Suu Kyi. In Yangon, tens of thousands of demonstrators gathered in an area of the city’s downtown known as the staging grounds for prior ...

Bloomberg About 150 workers at NTPC Ltd.’s hydropower plant are feared trapped or swept away after a flash flood that destroyed key infrastructure when a Himalayan river burst its banks. The Rishiganga hydropower project near Raini village in Uttarakhand state was damaged, as was NTPC’s under-construction project on river Dhauli Ganga near Tapovan, said Vivek Pandey, spokesman for the Indo-Tibetan ...

Bloomberg Donald Trump’s second impeachment trial is almost certain to end in acquittal, yet it will deliver a public reckoning for his presidency and influence whether his populist supporters continue to dominate the Republican Party. The nine House managers prosecuting Trump, arguing their case as much to the American public as to the senators who’ll serve as jurors, will focus ...

Bloomberg Lyudmila Shtein, a 24-year-old Muscovite and municipal deputy, is under house arrest until May and risks a two-year jail term for encouraging people to join a protest last month. She’s among more than 11,000 people rounded up in the past two weeks after the biggest show of defiance towards President Vladimir Putin in years. As social media flooded with ...