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Top News In நொமுர வைத்திருத்தல் இன்க் Today - Breaking & Trending Today

Deutsche Bank posts banner quarter after escaping Archegos loss


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Deutsche Bank Trading Beat Hands Sewing Best Quarter Since 2014


Apr 28 2021, 6:16 PM
April 28 2021, 10:27 AM
April 28 2021, 6:16 PM
(Bloomberg)
(Bloomberg)
Half-way through his restructuring of Deutsche Bank AG, Chief Executive Officer Christian Sewing took a big step toward convincing investors that Germany’s largest lender is no longer just a “show-me” case.
The bank on Wednesday raised its outlook after beating Wall Street traders for a third straight quarter. The performance handed Sewing the strongest profit in seven years and fueled the biggest jump in the shares in almost a year. And in a quarter that left many competitors blindsided by the collapse of Archegos Capital Management, Deutsche Bank once infamous for lapses in controls steered clear of the carnage. Even long-term skeptics were impressed. ....

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India Looks Set to Beat Recession Even as New Virus Cases Loom


India Looks Set to Beat Recession Even as New Virus Cases Loom
Vrishti Beniwal, Bloomberg News
BC-India-Looks-Set-to-Beat-Recession-Even-as-New-Virus-Cases-Loom
, Vrishti Beniwal
(Bloomberg) As India’s economic fortunes stand at the cusp of a turnaround, a spike in coronavirus cases across its key business centers risks undoing some of the gains.
Data due later Friday will probably show gross domestic product expanded 0.6% in the three months ended December, after contracting for two consecutive quarters, according to the median forecast in a Bloomberg survey of economists. That will help Asia’s third-largest economy exit an unprecedented recession.
India will become one of the few major economies to post growth in the last quarter of 2020, with any improvement in the economy’s performance inversely tied to a drop in Covid-19 infections. But the nation has seen an uptick in cases over the ....

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