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  Bloomberg One year after he split Deutsche Bank AG’s investment banking and trading units, John Cryan has put them back together with a familiar mandate: fewer clients and lower costs. Cryan, chief executive officer since 2015, said that the business will focus more on corporate clients and will pare the list of fund managers and other institutions it serves. ...

  PHILADELPHIA / AP Visitors arriving at the Philadelphia Flower Show this year will feel as if they’re stepping into the endless flower fields of Holland. A rainbow sea of 30,000 tulips and other blooms will stretch seemingly into the horizon as a canopy of 6,000 cut and dried flowers floats overhead. Bridges covered in Delft tiles, illuminated windmills and ...

  LONDON / AP Claire Brynteson had a house, a job and a dining table that was empty once she got her three children out the door every morning. When she received a flyer telling her she could make money by renting seats at the table to people looking for short-term office space, she jumped at the chance to list ...

  Bloomberg Philip Lowe has some high-powered backing if he leaves interest rates on hold Tuesday as widely expected. Days after the Reserve Bank of Australia governor signaled that rate cuts weren’t in the national interest amid record household debt, the securities regulator said it was looking at mortgage lending standards across the banking sector. The Organisation for Economic Co-operation ...

  Bloomberg China omitted a key defense spending figure from its budget for the first time in almost four decades — before an official disclosed the number — highlighting concerns about transparency in the world’s largest military. While authorities said defense expenditures would rise “about 7 percent” this year, the budget report published by the Ministry of Finance on Sunday ...

  Bloomberg China’s credit engine will keep humming this year, adding the rough equivalent of Germany’s annual economic output to its already massive stock of total social financing, according to estimates derived from the nation’s 2017 targets. Adding higher equity market financing and about 5 trillion yuan ($725 billion) worth of local government bond swaps to the official credit growth ...

  A major factor behind the soaring growth of risky wealth-management products in China is that investors typically think the government stands behind them. Lately, nervous regulators have been emphasizing that this isn’t so. But they’ll have to do a lot more to change expectations in a state-dominated economy. Wealth management products are short-term, high-yielding investments that are issued by ...

  Disputes between Mexico and the United States over the North American Free Trade Agreement are not new. In March 2009, after years of litigation, the US government abruptly suspended a pilot program that allowed Mexican truck drivers to deliver goods across the border. Mexico retaliated, imposing tariffs as high as 45 percent on $2.4 billion worth of US goods ...

  Not-for-profit industries are hardly associated by most investors with rising returns. Not so in China, whose private-school sector has become initial public offering gold in Hong Kong. Two of the city’s five biggest IPOs so far this year have been of Chinese nonprofit school operators: China Yuhua Education Corp., which made its trading debut this week, and Wisdom Education ...

  Bloomberg Aramco is the world’s largest oil company, but when it sells shares next year its foray into renewables is what may lure investors who would otherwise be forced to stay away. Saudi Arabian Oil Co., as it is formally called, is considering investments of as much as $5 billion in renewable energy, part of the kingdom’s effort to ...