Bloomberg Deutsche Bank AG, seeking to shore up capital, has said it wants to sell or spin off German retail-banking unit Postbank. Standing in the way: bonds known as CoCos. Blame it on conflicting accounting rules. While Deutsche Bank has taken a multi-billion-euro writedown for Postbank in accounts based on international standards, it hasn’t done so on its income ...

  CUSHING / AP A magnitude 5.0 earthquake centered near one of the world’s key oil hubs brought down building facades and shattered windows in a central Oklahoma city, rendering century-old buildings unsafe and raising concerns about key infrastructure. Cushing Assistant City Manager Jeremy Frazier told a news conference late on Sunday that a few minor injuries were reported. He ...

  HANOI / AP Vietnam and Ireland agreed on Monday to increase their cooperation in education, renewable energy, information technology and health care, during a visit to the Southeast Asian country by Irish President Michael Higgins. Higgins said he and Vietnamese President Tran Dai Quang discussed how the two countries can serve as a bridge for developing relations with the ...

  Bloomberg McDonald’s Corp., which replaced its CEO last year with the hope of turning around sales, plans to significantly increase its investment in digital endeavors, inclu- ding self-serve kiosks and a mobile-ordering application. The investment marks a “very significant acceleration” from current levels, Jim Sappington, executive vice president of operations and technology systems, said in an interview. He declined ...

  Wiesbaden / AFP Industrial firms in Germany, Europe’s largest economy, saw an unexpected fall in new orders in September, official data showed on Monday, pointing to weaker performance in the months ahead. Companies saw order books shrink by 0.6 percent compared with August, correcting for price, seasonal and calendar effects, the federal statistics office Destatis said in preliminary figures. ...

  Bloomberg EU regulators are taking a closer look at an investment deal between Britain and Japanese auto maker Nissan that keeps production of two key models in the UK despite Brexit. “We have seen press reports regarding this issue. As a result, the Commission at services level is in contact with the UK authorities,” an EU spokesman said on ...

  London / AFP Global equities rebounded sharply on Monday, the eve of the US presidential election, after the FBI handed market favourite Hillary Clinton a major boost by ruling out criminal charges. Asian and European equities surged higher as traders breathed a sigh of relief as FBI chief James Comey said Democratic nominee Clinton would not face charges over ...

  CAIRO / Reuters Egypt’s stock market rose sharply for a third day on Monday in response to the devaluation of the Egyptian pound which has raised hopes for capital inflows, while higher oil prices boosted petrochemical shares in Saudi Arabia. The Egyptian blue chip index jumped 5.4 percent in its heaviest trade since March, bringing its gains to 15.6 ...

  Bloomberg Russia, the world’s biggest energy producer, is “on board” with an OPEC agreement to limit crude oil production to help re-balance the market, according to OPEC Secretary General Mohammed Barkindo. OPEC producers remain committed to an agreement reached last month in Algiers to trim output, and cooperation from non-OPEC producers will help bring the oil market back into ...

  Bloomberg Egypt will ask the International Monetary Fund’s executive board within a day or two to consider its $12 billion loan request, Finance Minister Amr El-Garhy said, after the central bank freed the pound’s exchange rate to help spur investments and ease a dollar crunch. The push to finalize the loan comes as Egyptian banks began freely trading foreign ...