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US economy grows at tepid 1.2%; business spending softens

The US economy slowed less than initially thought in the first quarter, but there are signs it could struggle to rebound sharply in the second quarter amid slowing business investment and moderate consumer spending.

SBI set to hire six banks for up to $2.3 billion share sale

SBI set to hire six banks for up to $2.3 billion share sale

State Bank of India is set to hire Bank of America Merrill Lynch, Deutsche Bank, IIFL, JM Financial, Kotak and SBI Capital to manage a share sale of up to 150 billion rupees.

OPEC set to prolong oil output cuts by nine months

OPEC set to prolong oil output cuts by nine months

OPEC is likely to extend production cuts for another nine months, ministers and delegates said on Tuesday as the oil producer group meets this week to debate how to tackle a global glut of crude.

Adani Enterprises applies to Australian govt fund for coal mine railway financing

Adani Enterprises applies to Australian govt fund for coal mine railway financing

India`s Adani Enterprises has applied for financing from an Australian infrastructure fund to build a rail line that is part of a $16 billion coal project in the state of Queensland, Australia`s resources minister said on Monday.

Sanjeev Sanyal appointed Principal Economic Adviser in FinMin

Sanjeev Sanyal appointed Principal Economic Adviser in FinMin

Government on Friday appointed noted economist Sanjeev Sanyal as Principal Economic Adviser in the Ministry of Finance.

IMF chief gives Deutsche Bank tough advice, says need deal on fine

IMF chief gives Deutsche Bank tough advice, says need deal on fine

IMF chief Christine Lagarde gave Deutsche Bank some tough advice on Thursday, saying Germany`s biggest lender needed to reform its business model and rapidly reach a deal with US regulators over a potentially huge fine.

Sensex reclaims 28,000-mark, climbs over 300 points ahead of monetary policy announcement

Sensex reclaims 28,000-mark, climbs over 300 points ahead of monetary policy announcement

Rising for the second day, the 30-share index advanced 160.79 points, or 0.57 percent, to 28,026.75, with auto, realty, healthcare, metal, capital goods and consumer durable stocks leading the gainers.

German economy minister slams `irresponsible` Deutsche Bank

German Economy Minister Sigmar Gabriel on Sunday lashed out at Deutsche Bank`s handling of its troubles, saying "irresponsible" managers had put thousands of jobs at risk.

 Italy indicts top ex-bankers over derivatives scandal

Italy indicts top ex-bankers over derivatives scandal

Thirteen top officials from Banca Monte dei Paschi di Siena (BMPS), Deutsche Bank and Nomura are to go on trial in Milan for their alleged role in a long-running derivatives scandal, Italian newspapers reported Sunday.

US fines RBS bank $1.1 bn over pre-crisis mortgages

US fines RBS bank $1.1 bn over pre-crisis mortgages

Royal Bank of Scotland said it had agreed a fine of USD 1.1 billion (982 million euros) with US authorities over the alleged mis-selling of mortgage securities ahead of the 2008 financial crisis.

US-EU economic relations in for stormy weather

US-EU economic relations in for stormy weather

With spats over Apple and Deutsche Bank and squabbles about Airbus and Boeing, approaching elections on both sides of the Atlantic are exacerbating strains in US-European economic relations.

US asks Deutsche Bank to pay $14 billion to settle mortgages case

US asks Deutsche Bank to pay $14 billion to settle mortgages case

The U.S. Department of Justice is asking Deutsche Bank  to pay $14 billion to settle an investigation into its selling of mortgage-backed securities, Germany`s flagship lender said on Friday.

RBI will have different priorities after Rajan: Deutsche Bank

RBI will have different priorities after Rajan: Deutsche Bank

The Reserve Bank of India after outgoing Governor Raghuram Rajan will deal with a markedly different set of priorities, Deutsche Bank said in a special report.

GST implementation not before April 2018: Deutsche Bank

GST implementation not before April 2018: Deutsche Bank

According to the global financial services major, though the government would ideally like to launch GST from April 2017, it is unclear whether administrative and technological set-up required to make the transition will be up and running by then.

Deutsche Bank Asia Pacific CEO quits

German lender Deutsche Bank on Tuesday said Asia Pacific chief executive and former head of Indian operations Gunit Chadha has quit.

MCX finally gets new managing director

MCX finally gets new managing director

After two years of wait, Multi Commodity Exchange (MCX) finally saw new Managing Director and CEO, Mrugank Paranjape, join the office on Monday.

Vodafone chooses Kotak, UBS, ICICI for $2 billion share sale

Vodafone chooses Kotak, UBS, ICICI for $2 billion share sale

Close to launching an Initial Public Offering (IPO), Vodafone has picked six investment banks, including Kotak, ICICI and UBS, for the over USD 2 billion share sale process, as per media sources.

'Low small savings rate to allow faster monetary transmission'

'Low small savings rate to allow faster monetary transmission'

The government's move to slash interest rates on all small saving schemes will pave the way for a market linked interest rate structure and enable faster monetary transmission, says a Deutsche Bank report.

Moody's places Deutsche Bank ratings on review

Moody`s move comes days after the German bank warned that volatile financial markets in the first quarter, normally a strong season for banks, posed a challenge for the entire sector.Moody`s said a potential downgrade to Deutsche Bank`s Baa1 senior debt and A2 deposit ratings would be limited to one notch.

Window is scant, RBI to cut rates by 0.25% on Apr 5: Deutsche

Window is scant, RBI to cut rates by 0.25% on Apr 5: Deutsche

Demand for policy rate cut may be considerable, but given the central bank's inflation target, rate cut space is scant, and the Reserve Bank is likely to cut only 0.25 percent in the upcoming monetary policy, a Deutsche Bank report says.