Monthly Archives: September 2019

Deutsche Bank plan to fire 18,000 workers

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Deutsche Bank plan to fire 18,000 workers and likely candidate to be having funding problems. Its attempt to merge with Commerzbank fell through in April. Its latest plan is to fire 18,000 workers and create a good bank/bad bank, isolating off unwanted assets that it plans to sell. Deutsche Bank has run through four different
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Its leash lengthened, China’s yuan flirts with trade war role

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Its leash lengthened, China's yuan flirts with trade war role.China, having let the yuan cross the once sacred red line of 7 per dollar, will allow its currency to fall further and may even risk U.S. anger by using it as a bargaining chip in already thorny trade talks, market participants believe.Beijing had kept the
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China’s tale of two cities: Beijing, Hong Kong prepare for anniversary

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China's tale of two cities: Beijing, Hong Kong prepare for anniversary.As China prepares to mark the 70th anniversary of the People’s Republic on Oct 1, Beijing is on security lockdown ahead of celebrations headlined by President Xi Jinping that will be capped by a massive military parade down its main ceremonial thoroughfare.About 2,000 km (1,200
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