Bloomberg Hong Kong’s leader Carrie Lam said her government could handle growing violence without a military intervention by Beijing, but didn’t rule out seeking China’s help or invoking further emergency measures. “I still strongly feel that we should find the solution ourselves,” Lam told reporters on Tuesday, before a meeting of the city’s Executive Council. “That’s also the position of ...

Bloomberg Deutsche Bank AG intends to make about half its planned 18,000 job cuts in Germany as it relies on savings at the retail units to lower costs, according to people familiar with the matter. The lender employed about 41,700 people in its home market at the end of last year, out of a total of 91,700. Outside Germany, London ...

Bloomberg Bank of Montreal is gunning for the US investment-bank business that’s being surrendered by European firms like Deutsche Bank and Societe Generale. The Canadian lender expects to reach its goal of being a “Top 10” North American investment bank “dramatically” ahead of its five-year deadline, Dan Barclay, chief executive officer and group head of BMO Capital Markets, said in ...

Bloomberg Wirecard AG raised its long-term forecasts, saying it expects operating profit to climb to more than 3.8 billion euros ($4.2 billion) in 2025 on growth in online payments and partnerships with the likes of SoftBank Group Corp. That’s a boost of about 15% from a previous prediction for earnings before interest, taxes, depreciation and amortisation. Yet investors weren’t fully ...

Bloomberg Dealers on Tuesday took less than the full amount of cash available at the Federal Reserve Bank of New York’s two repurchase agreement operations, suggesting their liquidity needs are being met. The New York Fed took $38.85 billion of securities in its 14-day term repurchase agreement operation, less than the $45 billion on offer. It was the first of ...

Bloomberg The pound tumbled to a one-month low after UK Prime Minister Boris Johnson told German Chancellor Angela Merkel a Brexit deal is impossible under terms the EU demands. Dimming prospects of an accord between Britain and the EU sent sterling sliding against all of its major peers. Further souring the mood, European Council President Donald Tusk accused Johnson of ...

Bloomberg Yoshitaka Kitao wants to build a financial empire in an area shunned by investors: the downtrodden ranks of Japan’s regional banks. The chief executive officer of SBI Holdings Inc says he has close to $1 billion to plow into any of the 104 local lenders scattered across Japan, which were described recently by one analyst as an “accident waiting ...

Through all of President Trump’s dealings with Ukraine, he has rarely focused on the job for which he was elected — steering the foreign policy of the United States. Instead, for Trump, Ukraine has been a continuing story of personal resentment and political opportunism. A narrative of the Ukraine affair — drawn from conversations with some of the principals, text ...

A change at the top is a moment for reappraisal. Bob Dudley, BP Plc’s chief executive officer, rehabilitated the oil major after the fatal Deepwater Horizon rig explosion and spill in the US in 2010. His replacement Bernard Looney should avoid the temptation to think his job is primarily to sustain that legacy. Like all the big international oil companies, ...

News that BlackRock Inc. and Tencent Holdings Ltd. are in talks for various types of cooperation is the kind of positive development both companies need. BlackRock is looking for ways to make its investment and portfolio-modeling tools available to the Chinese market, Bloomberg News and the Wall Street Journal reported. They may also codevelop a financial software system similar to ...