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Deutsche Bank sees further big legal costs in 2016

/  19.05.2016  /  Business 

FRANKFURT (Reuters) – Deutsche Bank expects further big legal costs this year to deal with a raft of scandals that have hurt profits and dogged its reputation but is coming closer to ending its litigation nightmare, its chief executive said on Thursday.

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Britain’s SFO widens Rolls-Royce probe to Nigeria: FT

/  19.05.2016  /  Business 

LONDON (Reuters) – Britain’s Serious Fraud Office (SFO) has widened its investigation into Rolls-Royce to examine allegations of suspected bribery in Nigeria, the Financial Times reported on Thursday.

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Deutsche Bank’s former co-CEO Fitschen to stay with bank

/  19.05.2016  /  Business 

FRANKFURT (Reuters) – Deutsche Bank’s co-chief executive Juergen Fitschen who is due to formally step down at the annual general meeting later on Thursday will continue to work for the German lender, the company said.

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Deutsche Bank’s former co-CEO Fitschen to stay with bank

/  19.05.2016  /  Business 

FRANKFURT (Reuters) – Deutsche Bank’s co-chief executive Juergen Fitschen who is due to formally step down at the annual general meeting later on Thursday will continue to work for the German lender, the company said.

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Temasek, CIC-KKR advance to second round of Yum China stake sale: sources

/  19.05.2016  /  Business 

NEW YORK/SINGAPORE (Reuters) – Singapore’s Temasek Holdings and a consortium that includes China Investment Corp and KKR & Co have advanced to a second round of bidding for a minority stake in Yum Brands China unit, people familiar with the matter told Reuters.

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Bangladesh bank official’s computer was hacked to carry out $81 million heist: diplomat

/  19.05.2016  /  Business 

MANILA (Reuters) – The computer of a Bangladesh central bank official was hacked to carry out one of the largest cyber heists in history, a Bangladesh diplomat said on Thursday.

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Bayer makes preliminary offer to buy Monsanto: sources

/  19.05.2016  /  Business 

(Reuters) – Bayer AG has made a preliminary proposal to buy Monsanto Co , people familiar with the matter said on Wednesday.

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Oil drops on surging dollar, rising U.S. crude stocks, jump in Iran exports

/  19.05.2016  /  Business 

SINGAPORE (Reuters) – Oil prices fell on Thursday, pulled down by rising U.S. crude inventories, a stronger dollar and surging output from Iran to Europe and Asia.

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Asia down, dollar buoyant after Fed signals potential near-term hike

/  19.05.2016  /  Business 

TOKYO (Reuters) – Asian stocks slipped but the dollar was buoyant early on Thursday as markets scrambled to factor in a near-term U.S. interest rate hike foreshadowed in minutes of the Federal Reserve’s last monetary meeting.

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GM to unveil plan to compensate owners on fuel economy claims

/  19.05.2016  /  Business 

WASHINGTON (Reuters) – General Motors Co is expected to announce plans to compensate about 130,000 individual U.S. owners of SUVs that had inflated fuel economy labels, sources briefed on the plans said on Wednesday.

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