Bloomberg Deutsche Bank AG said its fixed-income traders are on track to match or beat the performance of their Wall Street peers, racking up a fourth straight quarter of revenue gains as a market rally that started late last year continues. Third-quarter trading revenue is “in line with or better” than the guidance for 12% growth that Wall Street peers ...

Bloomberg Unicaja Banco SA and Liberbank SA said they have held talks on rekindling a merger abandoned last year as consolidation gathers pace across Europe’s financial industry. Unicaja “confirms preliminary contact with Liberbank, with the knowledge of the board and without for the moment, the participation of external advisers,” the lender said in a regulatory filing. It said no final ...

Bloomberg European stocks pulled back from a two-week high and US futures retreated after a rally when on Monday President Donald Trump left the hospital. Tech stocks led losses in the Europe Stoxx 600 Index. Hardware maker Logitech International SA slumped as Apple Inc. plans to launch its own audio products and stop selling rival headphones. Treasuries rise and the ...

Bloomberg India’s strongest surplus in more than a decade is supporting a currency battered by the worst pandemic outbreak in Asia. The currency has advanced more than 2% in the third quarter, outperforming the Indonesian rupiah, its high-yielding counterpart that has sunk around 4%. The gains come even with an economy ravaged by 6.7 million infections. The support comes from ...

Bloomberg The Taiwan dollar extended its winning streak on Tuesday, a day after it closed at the strongest level since 2011 amid speculation the local central bank will continue to loosen its grip on the rallying currency. The advance builds on September’s 1.4% gain, one of the largest for major currencies versus the US dollar. While for months Taiwan’s central ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Monday received a telephone call from Prince Albert II of Monaco. During the call, His Highness Sheikh Mohamed and Prince Albert discussed ways of boosting bilateral ties and cooperation relations between the two ...

Bloomberg Business activity in the Arab world’s three largest economies returned to growth, with Egypt seeing its first expansion in 14 months. After a deterioration in August, the non-oil private sectors improved last month as companies adjusted to economic challenges of the global pandemic while governments eased restrictions put in place to stop the coronavirus. A measure of non-oil private ...

Dubai / WAM The Dubai Financial Market (DFM) and Nasdaq Dubai on Monday hosted a bell ringing ceremony with the participation of the Securities and Commodities Authority (SCA) on the occasion of World Investor Week 2020, an initiative of the International Organisation of Securities Commissions (IOSCO) aiming to promote investors awareness and protection of their rights. Senior officials present during ...

Abu Dhabi / WAM The Dubai Department of Finance (DoF) and Central Bank of the UAE (CBUAE) signed an MoU aimed at facilitating payment of fees owed by consumers of Dubai government entities and to ultimately advance the UAE’s digital transformation strategy for public services. Government entities in Dubai and their customers will now be able to access CBUAE’s direct ...

Bloomberg India’s delay in appointing a new central bank committee to decide interest rates is just the latest of Prime Minister Narendra Modi’s key economic reforms that are failing to gain traction during the nation’s worst crisis in decades. Three of his major policies — the goods and services tax, a bankruptcy and insolvency law and the Monetary Policy Committee ...