Deutsche Bank relied on the boom in mergers and acquisitions to offset a drop in trading revenues last quarter, as Germany’s biggest bank reported better than expected profits.

Revenue from advising on deals, as well as helping companies issue new debt and equity, rose 22 per cent from the same period last year. Trading revenues dropped 12 per cent, though that decline was smaller than feared.

Like most of its rivals, Deutsche’s bottom line also benefited from a steep decline in provisions for bad loans related to the pandemic. As a result, net profits at the bank rose 7 per

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Alexandria Ocasio-Cortez and other progressives criticise the central bank chief’s record on local weather change. An informal economy is the set of financial activities working as to partially avoid being taxed or regulated, in distinction to a proper financial system. The casual economy is thus not included in that government’s gross national product . Although the casual economic system is commonly related to developing countries, all economic systems contain an off-the-cuff economy in … Read More

We would also prefer to acknowledge Gadigal Elders, previous, present and future. Check our reside list to search out out who has reopened in your meals, house, clothing, providers and gifting needs. Or participate in certainly one of many free workshops or events such as yoga in the park. If you haven’t been to the Rocks weekend markets in Sydney, you haven’t really seen the town.

Is the stock market closed today? – Economic Times

Is the stock market closed today?.

Posted: Thu, 19 Aug 2021 07:00:00 GMT

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© Reuters. FILE PHOTO: A Specialist trader works inside a booth on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 20, 2021. REUTERS/Brendan McDermid

By Devik Jain and Shashank Nayar

(Reuters) -U.S. stock indexes were set to open higher on Monday as investors geared up for earnings reports from heavyweight technology companies this week, while PayPal (NASDAQ:) jumped after saying it was not interested in buying Pinterest (NYSE:).

PayPal Inc rose 4.6% after the payments company scrapped its plans to buy the digital pinboard site Pinterest Inc for as much as $45 billion.

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Private equity groups Hellman & Friedman and EQT have ended a bidding war for pet food retailer Zooplus with a joint offer that values its equity at €3.7bn, in the latest example of the industry paying a huge premium to buy a listed business.

The pair made a final offer of €480 a share, 85 per cent above a three-month trading benchmark before the bidding war started, Zooplus said on Monday.

Buyout groups are paying the highest premiums in more than two decades, with an average of 45 per cent for European companies in 2021, according to data from Refinitiv,

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