Hong Kong property developer New World Development confirmed on Monday that it is in discussions about a loan facility led by Deutsche Bank AG , but denied receiving any other funding proposals.
Deutsche Bank is exploring the sale of its Indian retail banking assets and has invited bids from domestic and foreign lenders in the country, two sources told Reuters, making it the latest foreign bank to consider trimming its bets on India.
Deutsche Bank has been fined HK$23.8 million ($3.05 million) over various breaches between 2015 and 2023, Hong Kong's securities regulator said on Thursday.
European banks have delivered strong returns since 2018, outperforming US peers and benefiting from improved balance sheets and higher interest rates. Despite high past returns and growing optimism, caution is warranted due to the sector's cyclical nature and slowing eurozone growth projections. Valuations remain attractive, with many banks trading below book value and offering appealing divide...
Ahead of its interim results, Antofagasta PLC (LSE:ANTO) impressed with a recent operational update, showing better cost performance than expected in the first half. Deutsche Bank forecasts EBITDA of $2.05 billion for the half-year, with the FTSE 100 copper miner having left guidance unchanged and expecting a sequential lift in output over the two remaining quarters of the year.
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