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FRANKFURT: Berlin is so worried about the health of Deutsche Bank that it pushed for a merger with rival Commerzbank even though it could open up a huge financial shortfall, a German official told Reuters.
GLOBAL growth is expected to moderate in 2019 with risks skewed to the downside as investors attuned to the US-China trade war, uncertainty on China’s growth, the US Fed rate hike aggressiveness, global monetary policy tightening with central banks taking a step back from their long-standing market support from the very low interest rates for nearly a decade and emerging market debt noises.
KUALA LUMPUR (Bloomberg): Less than six months in office, Malaysian Prime Minister Tun Dr Mahathir Mohamad is staring down a possible credit rating downgrade in his government’s first budget.
SAN FRANCISCO: Tesla's stock and bond prices dropped on Wednesday after Chief Executive Elon Musk renewed an attack on a British caver whom he had previously insulted on social media and a day after Mercedes unveiled a challenge to the electric car maker.
MILAN: Atlantia SpA investors faced dramatic losses as bond-price declines accelerated and the stock failed to open after the Italian government began the process of revoking its toll-road concession in the wake of a tragic bridge collapse.
JOHANNESBURG (Reuters) - South Africa's white farmers on Wednesday criticised the ruling African National Congress' (ANC) decision to endorse constitutional changes to allow the state to seize land without compensation, saying the move would be "catastrophic".
NEW YORK: Deutsche Bank AG just ended a roller-coaster week. June doesn’t look any less harrowing.