Dividends are out, losses are in. Deutsche Bank announces its greatest loss in history for the past quarter, and tells investors they might have to suffer. Restructuring and regulation are getting the blame for the whopping 6.2-billion-euro figure.
German lender Deutsche Bank has presented its second-quarter earnings report, pointing to surging net and underlying profits. But Chief Executive John Cryan is unhappy about a drop in revenues across all divisions.
The single currency has snapped a two-day rising streak and edged lower after German Chancellor Angela Merkel won a fourth term but faces tough coalition choices, with markets sensing an increasing risk for Europe.
The head of Germany's biggest private lender wants the European Central Bank's (ECB's) cheap money stimulus to end, warning that he sees price bubbles in stocks, bonds and property.
Iconic US electric carmaker Tesla has reported growing demand for its e-cars in its business quarter ending June, but it is yet to report a profit. This is not the only thing that worries workers at the Fremont plant.
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