Bloomberg JPMorgan Chase & Co. denied a report in German magazine WirtschaftsWoche that it’s interested in acquiring a stake in Deutsche Bank AG, after the lender’s share price slumped. The New York-based bank and Industrial & Commercial Bank of China Ltd. were named as being interested in an investment because Frankfurt will increase in importance after Brexit, the magazine said, …

Bloomberg Credit Suisse Group AG agreed to pay $77 million to settle US bribery probes claiming the lender’s Hong Kong unit attempted to win banking business by offering jobs to friends and family of Chinese officials. The bank over seven years tried to hire more than 100 employees at the request of government officials in the Asia-Pacific region, resulting in …

Bloomberg SEB AB, one of Sweden’s biggest banks, is on a hiring spree to burnish its technology credentials as more financial services go digital. Chief Executive Officer Johan Torgeby says SEB is hiring as many as “1,400-1,500 people a year right now,” or “about 100 per month.” The bank is taking on people “mainly in new technology, computer scientists, new …

Bloomberg Boeing Co. is forming a $4.75 billion venture with long-time industrial partner Embraer SA, a move that will expand the US planemaker’s manufacturing base abroad while extending its reach into the market for small jetliners. Under a preliminary deal, Boeing will own 80 percent of a partnership controlling Embraer’s commercial airplane and services business while the Brazilian manufacturer holds …

Bloomberg As pharmacy chains await Amazon.com Inc.’s entry into the prescription-drug market, the online retail giant is already undercutting them for non-prescription medicine for aches, colds and allergies. Median prices for over-the-counter (OTC), private-brand medicine sold by Walgreens Boots Alliance Inc. and CVS Health Corp. were about 20 percent higher than Basic Care, the OTV rug line sold exclusively by …

Bloomberg The head of an airline passenger rights group called on the public to protest a decision by US regulators not to set standards on cramped aircraft seating — and took a potshot at President Donald Trump for not flying commercial. The Federal Aviation Administration (FAA) said that it has “ no evidence that there is an immediate safety issue …

Bloomberg Sri Lanka has already sold China a port that gets almost no ships. The island nation now wants India to take control of an airport with no scheduled flights. The nation first tried to offer China the Mattala Rajapaksa International Airport in the southern district of Hambantota, but is now in talks with India, Prime Minister Ranil Wickremesinghe told …

Bloomberg Abu Dhabi investment firm Waha Capital PJSC plans to hire more people as it seeks to start new funds, one of which will target undervalued US and European equities. “Our strategy is to increase fee income by raising third-party assets under management,” Chief Executive Officer Michael Raynes said in an emailed response to questions. “The focus is to take …

Bloomberg Uber Technologies Inc and Careem Networks FZ are in preliminary talks to combine their Middle Eastern ride-hailing services, hoping to resolve a costly rivalry as Uber prepares for a public offering next year, according to three people familiar with the matter. The companies have discussed a number of potential deal structures, but they haven’t come to an agreement on …

Bloomberg Venezuela’s distressed oil sector may get some much needed financing from China, Finance Minister Simon Zerpa said after meetings with officials from China Development Bank and China National Petroleum Corporation. China Development Bank will invest more than $250 million to boost Venezuela oil production in the Orinoco Belt, Zerpa, who is currently in Beijing for bilateral talks, said in …