A panoramic view of the headquarters of Deutsche Bank in Frankfurt, Germany, on Sunday. Agence France-Presse
Deutsche Bank shares rose on Monday as it launched one of the biggest overhauls of its investment bank since the financial crisis by cutting 18,000 jobs around the world, starting the day with cuts in Asia.
Deutsche Bank plans to hire 300 more relationship and investment mangers for its wealth management business by 2021, as part of a plan to bulk up in areas the German lender hopes will bring steadier revenue streams.
US job growth rebounded strongly in June, with government payrolls surging, but persistent moderate wage gains and mounting evidence the economy was losing momentum could still encourage the Federal Reserve to cut interest rates this month.
The new North American free trade pact would modestly boost the US economy, especially auto parts production, but may curb vehicle assembly and limit consumer choice in cars, a hotly anticipated analysis from the US International Trade Commission showed.
Mohammad Bin Abdullah Al Gergawi, Minister of Cabinet Affairs and Chairman of the World Government Summit Organisation, stated that the UAE,
The latest innovations in commercial print and package printing are drawing crowds to the ongoing Gulf Print and Pack (GPP) exhibition at the Dubai World Trade Centre.
The Harvard Business Review once revealed that retaining a customer is anywhere from five to 25 times cheaper than acquiring a new one.