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Deutsche Bank near $5.4 bn United States toxic bonds settlement

Lehman Brothers was, like Deutsche Bank and other major financial groups, closely connected to other banks. The markets are expected to be volatile in the coming weeks as the third-quarter earnings season approaches and uncertainty looms over the outcome of the US presidential election in November.

Business

Philippine President Rodrigo Duterte compares himself to Hitler

Lauder said in Jerusalem, where he was attending the funeral of the late Israeli President Shimon Peres. Despite ongoing criticism from worldwide leaders and human rights organizations, Duterte has continually boasted of the so-called success of his anti-drug policy and decried his critics, telling media that he is "portrayed to be a cousin of Hitler and yet (critics) do not even bother to find out, to investigate".

Business

Deutsche Bank CEO: Market forces trying to weaken us

Among U.S. banks, JPMorgan Chase added 74 cents, or 1.1 percent, to $66.39 and Citigroup gained 93 cents, or 2 percent, to $46.73. The FTSE 100 Index opened more than 100 points lower, led down by Royal Bank of Scotland and Barclays, before paring back some of the losses.

Business

Dollar little changed as Fed officials fail to give new direction

The Fed just started to lift rates above zero late a year ago under Yellen. She said that she has been "pleasantly surprised" to see unemployment rate did not fall further along with the robust job growth. "I would have to consult my counsel". "I certainly have never been pressured in any way by the administration", Yellen told the committee. Wisconsin Republican Duffy questioned the effectiveness of regulation passed in the wake of the 2008 financial meltdown, asking Yellen whether ...

Business

Some BOJ board members had doubts on policy overhaul

Never mind the fact that all that JGB buying is nearly certain to push the entire yield curve lower to begin with, said Carl Weinberg, chief economist at High Frequency Economics, in a note. It has only increased rates once after cutting its target to a record low near zero nearly eight years. The dollar index, which measures the greenback against a basket of six major currencies, was last down 0.2 percent at 95.300.

Business

Hillary Clinton has the edge among people planning to skip election

Things are already getting plenty personal. The Commission on Presidential Debates said "there were issues regarding Donald Trump's audio". Clinton is stressing that her plans will solve the kind of kitchen-sink problems facing American families - the high cost of childcare, mounting student debt and unpaid family leave.

Business

Paul Merson says Chelsea must beat Hull in Premier League clash

Hull will be without the services of Michael Dawson, Moses Odubajo, Allan McGregor, Alex Bruce, Greg Luer and Brian Lenihan all of who are injured. Chelsea, meanwhile, will have to do without Marco van Ginkel and Kurt Zouma, while John Terry faces a late fitness test.

Business

Mauricio Pochettino is one of the best - Pep Guardiola

Pep Guardiola has hailed Mauricio Pochettino as one of the best managers in the world. City drew 3-3 at Celtic in Wednesday's Champions League group game to end their run of victories at 10. "The big challenge for us is to try to win the league", he said, two weeks ago. "You look at their budget, the salaries they pay and compare it with Tottenham, and it is very clear", Pochettino said.

Business

Yahoo says hackers stole data from 500 million users

Remember your Yahoo account? A statement released by Yahoo reads: "The investigation has found no evidence that the state-sponsored actor is now in Yahoo's network". That is a whack of information that might still be relevant today, especially in the case of security questions. The company said, however, that it was working with the FBI and other law enforcement as part of an ongoing investigation.

Business

Mystery Remains Over Death of 2 American Sisters Vacationing in Seychelles

According to the newspaper report, resort staff spotted the women drinking the day before they were discovered dead . Autopsy reports were released for the two Minnesota sisters who mysteriously turned up dead while vactioning on a remote African island-but the results shed little light on how they died.

Business

US stocks shrug off Deutsche Bank woes

The shares closed at 11.57 euros, up 6.4 per cent, the biggest gain since April. Credit Suisse and Barclays are reported to be in mortgage settlement talks with the DoJ. Deutsche Bank has lost about half of its market value this year. French news agency AFP reported late Friday afternoon that Deutsche Bank had reached a deal to settle the allegations for only $5.4 billion.

Business

Wells Fargo Illegally Repossessed 413 Cars Belonging To Military Personnel

The outside directors on the bank's board didn't rule out the possibility of pursuing additional repayment from Stumpf or Tolstedt, depending on the results of an investigation they're conducting. The panel's senior Democrat, Maxine Waters of California, was adamant the alleged abuses showed the second-largest USA bank was too big for senior executives to keep track of what was going on.

Business

Duterte seeks to douse anger over Hitler remarks

Duterte, 71, won elections in May in a landslide after a campaign dominated by his pledge to eradicate drugs by killing tens of thousands of people. On Friday, reacting to critical comments on his war on drugs by US Senators Patrick Leahy and Benjamin Cardin, Duterte said: "Do not pretend to be the moral conscience of the world".

Business

Obama opens USA black history museum

Obama said the museum would tell an American story, one of "suffering and delight, one of fear, but also of hope, of wandering in the wilderness, and then seeing, out on the horizon, a glimmer of the Promised Land". "How men can proudly win the Gold for their country but still insist on raising a black-gloved fist". "Perhaps it can help a white visitor understand the pain and anger of demonstrators and places like Ferguson and Charlotte", Obama said.

Business

AB InBev merger approved by shareholders

That's because Anheuser-Busch - the company that makes Budweiser, Corona and a handful of other mass-market beers - has finally gotten approval to merge with SABMiller, the company behind Coors, in a deal that's been almost a year in the making.

Business

Stocks say 'nevermind'; reverse recent losses as banks jump

With gains of more than 12.5 percent, Deutsche Bank shares were tracking for their best day since 2011 and on pace for weekly gains of more than 1 percent. Procter & Gamble gained $1.43, or 1.6 percent, to $89.66 and Wal-Mart rose $1.63, or 2.3 percent, to $72.36. The technology index was up 0.43 per cent, helped by Apple's 0.7 per cent rise.

Business

Yellen Press by Political Conflicts in Testimony on Regulation

Wisconsin Republican Duffy questioned the effectiveness of regulation passed in the wake of the 2008 financial meltdown, asking Yellen whether having banks that are too big fail remains a problem. Yellen's appearance before the committee came as Washington remains outraged over Wells Fargo's admission that it had opened potentially 2 million fake accounts without customers' permission.

Business

Brad Pitt Voluntarily Submits Drug Test Amid Ongoing Child Abuse Investigation

Pitt reportedly already took his first test, which came back clean. Angelina filed for divorce from Brad last week after 12 years together. NY divorce lawyer Neena Tankha explained to USA Today that an investigation "almost always involves meeting with the accused parent, meeting with the child and meeting with any witnesses who were present during the incident".

Business

USA man of Afghan descent detained over NY blast

It happened in New York City's popular Chelsea neighborhood. His last known address was in Elizabeth, New Jersey . A police official said on Twitter a second device was being investigated. Shortly before 9 p.m. Sunday, the FBI and NY police stopped a vehicle of interest in the investigation, according to a statement from FBI. No-one has been charged with any crime and the investigation is continuing.

Business

Canada approves Petronas' LNG project, but with a catch

Environment Minister Catherine McKenna , Natural Resources Minister Jim Carr and Fisheries Minister Dominic LeBlanc , who announced the approval Tuesday night in Richmond, B.C., met reporters Wednesday after their whirlwind trip. Once a final financial investment decision has been made, this project will have significant positive economic and social impacts for First Nations communities along the proposed pipeline route.

Business

Vermont man lost at sea was suspect in grandfather's killing

But, miles from the MA shore, crew members on the Chinese freighter Orient Lucky caught sight of Carman in his inflatable raft. As the week went on, Carman faced tough questions about why he survived while his mother is missing and presumed dead.

Business

Arsene Wenger: My only regret after Arsenal's impressive win against Basel

Asked whether he meant he was at Arsenal just until next summer he said: "My priority is always Arsenal and I have to assess how well I do until the end of the season". We couldn't score the third goal. However, showdown talks with Wenger gave him renewed focus and he has been one of Arsenal's best players so far this season.

Business

Police search home of Vt. man found after week at sea

His mother, 54-year-old Linda Carman, of Middletown, still hasn't been found and is presumed dead, according to officials. A week later, the Coast Guard suspended their search for the pair . "If he did fishing trips there is training that can be done,"adds Flowers. I brought the safety stuff forward... the boat just dropped out from under my feet", Carman was quoted".

Business

South Australia loses power in storm

At the height of the drama on Wednesday super cell storms with destructive winds and tornadoes ripped more than 20 transmission towers in SA's north out of the ground, bringing down three major transmission lines. "It's a very significant event for South Australia". The storm was expected to continue pummeling the region through Thursday, with wind gusts exceeding 100 kilometers an hour (60 miles an hour) in places, the Bureau of Meteorology said.

Business

Investigators question engineer in deadly New Jersey train crash

None of NJ Transit's trains are fully equipped with positive train control, a safety system created to prevent accidents by automatically slowing or stopping trains that are going too fast. The federal investigation into the deadly NJ Transit has slowed because investigators' inability to gain access to critical parts of the train wreckage, officials said.

Business

Deutsche Bank CEO seeks to reassure staff as shares plunge

The bank's share price recovered slightly after Cryan's memo was reported , climbing back above €10 but still down 6% on its opening level. Agence France-Presse reported that the lender is nearing a settlement with the DOJ in a probe tied to residential mortgage-backed securities, citing an unidentified person familiar.

Business

Volkswagen Hopeful For 2020, Sets EV Hatch Launch Date

It's interesting when you think about it that the industry show is featuring so many vehicles that are seemingly responses to Tesla's offerings and plans, when Tesla doesn't even seem to think that the show is that important. The Mercedes-Benz Generation EQ is just one of many major debuts at this year's Paris Motor Show, so brace for more innovations as the auto show gathers steam.

Business

Brad Pitt admits guilt to half of Angelina Jolie's abuse accusation

Sources told E News the verbal altercation was the kind of disagreement "that sometimes occur between teenage boys and their fathers". Finally, our sources say these cases are particularly hard because of the blurred line between abuse and parental discipline.

Business

Obama Signs Short-Term Bill to Fund Government Past Election

A must-pass spending bill, agreed to after an unnecessarily protracted struggle and repeated rounds of partisan finger-pointing, extends government funding until December 9 and addresses the Zika crisis with $1.1 billion months after President Barack Obama initially requested federal aid.

Business

FBI director: Database coming on police use of deadly force

Rep. Will Hurd, R-Texas, the chairman of the House Oversight and Government Reform subcommittee that held the hearing, said some state officials have anxious about a federal takeover of election systems since the department has floated the idea.

Business

Tigers, Indians postponed after four-hour delay

If the game is not made up or if fans are unable to attend the rescheduled game, they may exchange their unused tickets at any time for a future non-premium regular season game scheduled to be played within 12 months from today's date, excluding Opening Day.

Business

UK services sector grew more than expected after Brexit vote

The shortfall hit a record 7 percent at the end of a year ago. Brexit has thrown the current-account gap into the spotlight, with some analysts warning that foreign investors may be less willing to finance the shortfall by buying United Kingdom assets.

Business

Tensions between India and Pakistan rise over strikes

Last week, a Mumbai based political outfit Maharashtra Navnirman Sena (MNS) issued a 48-hour ultimatum to Pakistani artistes and actors to leave India by September 25 or else they would be "pushed out". He was possibly referring to an attack on an army base in Kashmir's Uri by suspected Pakistani militants last month that left 19 soldiers dead. The Pakistani military flatly denied any "surgical strikes" had occurred.

Business

India summons Pakistani envoy over Uri attack

He said confrontation should not be the destiny in South Asia and Pakistan wants peace with India. The U.S.is committed to its strong partnership with the Indian government to combat terrorism, the official added. She also noted that the land of Taxila, which lies 20 miles north-west of Islamabad, an important and great learning place of ancient times, "is now host to the Ivy League of terrorism".

Business

IDS: Rs 65250 crore declarations made, says Jaitley

A similar scheme launched by the government previous year for the disclosure of foreign assets had received a lukewarm response as the government could muster declarations worth only Rs 4,164 crore.Due to this, the Modi government was criticized by the Opposition as the former had come to power in 2014 riding on the rhetoric of bringing back black money from overseas.


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