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Business & Trade

Deutsche Bank to cut 18,000 jobs, exit equities sales by 2022

Deutsche Bank has announced on Sunday that it will be exiting the enquiries sales and trading business, along with cutting back 18,000 jobs by 2022. This will be part of a strategic transformation and restructuring plan for the company. The…

On Tariff Anniversary, Soybean Farmers Are Struggling Even as Prices Recover

Soybean prices gained after China imposed tariffs on agricultural products from the United States. Chicago futures are once again above 12-month levels. The prices were low even before the US-China tensions arised. The trade war has cost US producers their…

Apple is reportedly giving up on its controversial MacBook keyboard

Univision confirmed on Thursday that it is “reviewing strategic options” and has hired external consultants after The Wall Street Journal (WSJ) reported that the company was weighing options, including a possible sale. The process has just begun, one person told…

U.S. trade deficit surges to five-month high as imports soar

The deficit in the international trade of goods and services of the United States rose by 8.4{dd299c883823a46beb0705d70a03c819bede140f906792bc593d52b8d4c5e8ee} in May to 55,500 million dollars, the highest figure in five months and with a significant increase in imports from Mexico despite the…

Gold steadies as stocks surge; growth risks, bets on rate cuts lend support

Gold prices hit a one-week high on Wednesday, boosted by the optimism of safe havens, while hopes for a quicker resolution. Spot gold advanced 0.5{dd299c883823a46beb0705d70a03c819bede140f906792bc593d52b8d4c5e8ee} reaching $ 1,425.64 an ounce, at 0711 GMT. At the beginning of the session, gold…

Trump says renewed trade talks with China have ‘already begun’

U.S. President Donald Trump made an announcement on Monday regarding trade talks with China, which were left on halt since a rift between the two nations in May. Trump claims that the talks have “already begun” after he held a…

U.S. stock futures jump after U.S. and China agree to resume trade talks

As the United States and China agreed to put a halt to their ongoing tariff wars are planning to reinitiate trade negotiations. This lead to an increase in the in the U.S. stock futures of over one percent when the…