Greece’s bailout program is set to end in August of next year but doubts remain over whether the country will be able to stand on its own feet after the summer. After implementing hundreds of new laws in exchange for financial disbursements from its 86 billion euro ($100 billion) bailout program, Athens is set to […]
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Deutsche Bank earnings: 6.8 billion euros in revenue, vs. 6.84 billion euros expected
German lender Deutsche Bank reported revenues that were largely in line with expectations for the third quarter of 2017, as the bank continued to cite a challenging market and interest rate environment. Here are the key third-quarter metrics: Net income: 649 million euros ($768 million) vs. 281 million euros expected, according to Thomson Reuters Revenue: […]
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European markets seen higher as investors await earnings, ECB meeting
Markets in Europe are set to open higher on Thursday morning as investors digest new earnings reports and wait to hear from European Central Bank (ECB) President Mario Draghi. The FTSE 100 is seen up by 20 points at 7,468; the DAX is seen higher by 35 points at 12,981 and the CAC 40 is […]
Read moreChinese President Xi Jinping delivered a message for the world during his opening speech at the 19th Communist Party Congress: China supports an open economy, and it will further liberalize its markets to foreign investors. But while the leadership talks of financial liberalization, some facets of life inside the world’s second-largest economy are becoming a […]
Read moreChina will not set a target to double gross domestic product (GDP) from 2021, a senior Communist Party official said on Thursday, as top leaders look to high-quality growth in the long term. Yang Weimin, vice minister of the Office of the Central Leading Group on Financial and Economic Affairs, told a news conference the […]
Read moreChina’s Ministry of Finance has already attracted over $10 billion in orders, including interest from joint bookrunners, for its proposed $2 billion sovereign U.S. dollar bonds offering launched this morning. A five-year tranche is indicated at Treasuries plus 30bp-40bp and a 10-year tranche is shown at Treasuries plus 40bp-50bp. The offering, China’s first in U.S. […]
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