We did get japanese factory orders which were disappointing down 7. 8 in may they were expected to fall only 5 were down full 1. 5 as you can see in hong kong a little more than that in shanghai 2. 6 . European equities are lower, down around about 0 where do we look on the screens 0. 1 there we go, down 0. 2 in france, italy holding on to slight gains we did get some better than expected german Industrial Production data up 0. 3 in may. It was expected to fall slightly treasury yields back about 2 . Similarly the german yield is back above 0, negative 0. 4 and were up 0. 23 . Deutsche bank announcing it will pull out of Global Equity scales, scale back Investment Banking and slash 18,000 jobs as part of a Global Restructuring plan you have been following this story obviously throughout the weekend. And i thought your comments earlier with dom chu were interesting. You sort of term this as ripping the band aid off. Finally. Perhaps a little too late. Finally exactly. So 18,000 had cut
Wants to stave off what it calls a rising crisis. Announcer youre watching Worldwide Exchange, bringing us Business News from around the globe. A very good morning to you. Its all about the banks today. Lets kick off with the standard charter. The asian focused bank down 1. 3 today. It says low single digit growth if both revenue and operating profit was hit by rising impairments in its korean market. Lloyds reported a rise in profits the first nine months of the year. The british financial said it had reduced costs and impairment charges, but it set aside another 750 Million Pound provision for ppi missed selling in the quarter. Those numbers just keep racking up. Deutsche in frankfurt, currently down 2. 4 . A 98 drop in quarterly pretax profits from a year earlier, which missed expectations. The german lender hit by 1. 2 billion euro increase again in litigation provisions and ubs, the bigger fall here, currently down 5. 5 at the moment in zurich. Third quarter earnings were above fo
WAUKEGAN, Ill., April 22, 2024 NSTS Bancorp, Inc. , the holding company for North Shore Trust and Savings , announced today that Ms. Emily E. Ansani has been appointed to the Board of Directors.
KARACHI: Prime Minister Shehbaz Sharif picked a former banker from JPMorgan Chase & Co. as finance minister, marking a shift to using technocrats to steer the cash-strapped economy and negotiate.