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Deutsche Bank and Commerzbank merger talks are expected to fail: source

Merger talks between Germany’s top two lenders, Deutsche Bank and Commerzbank, are expected to end in failure, a person with knowledge of the matter said on Thursday.

Facebook beats profit estimates, sets aside $3 billion for privacy penalty

Facebook Inc on Wednesday blew past Wall Street profit estimates in the first quarter and set aside $3 billion to cover a settlement with U.S. regulators, calming investors who had worried about the outcome of a months-long federal probe.

Royal Bank of Scotland CEO McEwan resigns after more than five years

Royal Bank of Scotland plc is searching for a new chief executive after Ross McEwan resigned, signaling a fresh start as it heads for full private ownership after a state bailout.

China’s bankers in uncharted waters as Shanghai launches U.S.-style tech board

As Chinese investment banker Liu Guangfu prepares to file an application for his client to list on Shanghai’s Nasdaq-style technology board, he is heading into uncharted waters: how to price the new shares and sell them to the right investors.

Bayer gets Monsanto profit boost but legal burden mounts

German drug and farming supplies company Bayer posted a 45 percent gain in quarterly core earnings thanks to the acquisition of seed maker Monsanto, while the legal burden it took on with the deal mounted.

Swedbank admits anti-money laundering failings, cooperating with U.S. authorities

Swedbank admitted to previous shortcomings in combating money laundering on Thursday and said it was cooperating with investigating authorities, including in the United States.

PSA revenues hit by decline in overseas sales and pullout from Iran

Peugeot maker PSA Group reported a 1.1 percent decline in revenue, as falling overseas sales outweighed pricing improvements in the first quarter.

Asian shares slip; German, Korean data hurt risk appetite

Asian shares slipped to three-week lows on Thursday as a surprise deterioration in German and South Korean economic data rekindled fears of slowing global growth, while oil prices pulled back slightly after a sharp run-up earlier in the week.

Gucci owner Kering close to settling Italian tax case for 1.3 to 1.4 billion euros: sources

French luxury group Kering is close to agreeing to pay between 1.3 billion and 1.4 billion euros ($1.5-1.6 billion) to settle a dispute with Italian authorities over unpaid taxes by its fashion brand Gucci, three sources told Reuters on Thursday.

Swedbank admits to shortcomings in anti-money laundering steps

Swedbank posted an estimate-beating first-quarter profit on Thursday, but the Swedish bank admitted to previous shortcomings in combating money laundering and said it was cooperating with investigating authorities.

Gucci owner Kering close to settling Italian tax dispute for 1.3-1.4 billion euros: sources

French luxury group Kering is close to agreeing to pay between 1.3 billion and 1.4 billion euros ($1.5-1.6 billion) to settle a dispute with Italian authorities over unpaid taxes by its fashion brand Gucci, three sources told Reuters.

Bayer’s profit gets boost from Monsanto but legal burden mounts

German drug and farming supplies company Bayer posted a 45 percent gain in quarterly core earnings thanks to the acquisition of seed maker Monsanto, while the legal burden it took on with the deal increased.

Nokia reports surprise first quarter loss, sees pressure in second half

Finnish telecom network equipment maker Nokia reported a surprise quarterly loss on Thursday, citing hard competition in its core networks business.

PSA quarterly revenue declines as sales collapse in Iran and China

French carmaker PSA Group said first-quarter revenue fell 1.1 percent, as sales continued to decline in China and were also impacted by the Peugeot maker’s withdrawal from Iran.

Ex-Nissan boss Ghosn to walk free again after posting $4.5 million bail

Former Nissan Motor Chairman Carlos Ghosn was set to walk out of a Japanese detention center for a second time since his arrest last year on financial misconduct charges, after posting the $4.5 million bail set by a Tokyo court on Thursday.

Panasonic may upgrade Japan plant to make advanced Tesla batteries: source

Panasonic Corp may upgrade one of its battery plants in Japan to produce advanced-format battery cells for Tesla Inc if needed by the U.S. electric vehicle (EV) maker, a person familiar with the matter told Reuters on Thursday.

Ex-Nissan boss Ghosn to walk free, again, after court sets bail at $4.5 million

Former Nissan Motor Co Chairman Carlos Ghosn looked set to walk out of a Japanese detention center for the second time since his arrest last year on financial misconduct charges, after a Tokyo court on Thursday set his bail at $4.5 million.

SoftBank invests $125 million in Alphabet venture to put cellphone antennas in the sky

A SoftBank Corp business seeking to find a way to fly cellphone antennas high in the atmosphere to provide internet in underserved areas said on Wednesday it was investing $125 million in an Alphabet Inc spinoff working on the same problem.

Tesla’s Musk ‘sees merit’ in capital raise, vows profit in third quarter after large loss

Tesla Inc Chief Executive Elon Musk suggested on Wednesday a capital raise could be imminent, as the electric vehicle maker lost $700 million in the first quarter and predicted a return to profit in the third.

Asian shares dip; euro weighed by sagging German business morale

Asian shares slipped on Thursday as a surprise deterioration in German business morale rekindled fears of slowing global growth, while oil prices pulled back slightly after a sharp run-up earlier in the week.

Microsoft tops $1 trillion as it predicts more cloud growth

Microsoft Corp on Wednesday briefly topped $1 trillion in value for the first time after executives predicted continued growth for its cloud computing business.

Chipotle beats profit, revenue estimates as online sales surge

Chipotle Mexican Grill Inc beat Wall Street estimates for quarterly revenue and profit on Wednesday, as the restaurant chain’s marketing efforts and aggressive investments in online ordering and deliveries attracted more customers.

Thailand set to be Southeast Asia’s hottest IPO market with $5 billion of planned second half floats

Thailand is set to see the most funds raised from IPOs in Southeast Asia this year, with more than $5 billion expected to be garnered in the second half, sources said, as a tourist boost to the economy trumps jitters stoked by inconclusive elections.

Tesla solar installations slide 36 percent in first quarter

Tesla Inc on Wednesday reported a 36 percent slide in solar installations and said it had implemented a new selling strategy months after ending a partnership to sell the rooftop systems in busy Home Depot stores.

Occidental offers $38 billion for Anadarko, topping Chevron

Occidental Petroleum Corp on Wednesday started the first takeover battle for a major oil company in years, offering $38 billion for Anadarko Petroleum Corp, a bid that topped a $33 billion offer by Chevron Corp.

Visa profit jumps, lower cross-border volume weighs on shares

Visa Inc reported higher expenses and lower spending by people using its cards abroad on Wednesday even as increased overall consumer spending drove quarterly profit 14 percent higher.

Tesla promises return to profit in third quarter after large loss, may raise more capital

Tesla Inc lost $700 million in the first quarter but predicted it would return to profit in the third quarter as it cuts costs and improves delivery after facing issues ramping up shipments outside the United States.

Walmart creates Angus beef supply chain, cutting out meat processors

Walmart Inc is taking control of the supply chain for Angus beef sold in some of its stores, cutting out meat processors as the company looks to offer higher quality products in an intensely competitive grocery industry.

Oil hovers near six-month high as U.S. stockpile build counters supply fears

Oil prices hovered near six-month highs on Wednesday after data showed U.S. crude stockpiles surged to their highest levels since October 2017, countering fears of tight supply resulting from OPEC output cuts and U.S. sanctions on Venezuela and Iran.

Tesla promises return to profit after first-half losses

Tesla Inc said on Wednesday it would return to profit in the third quarter of 2019 after racking up two consecutive losses in the first half of the year, as it struggled to deliver cars to customers and launched a cheaper version of its Model 3 sedan.

Microsoft gets a boost from Windows as cloud stays on track

Microsoft Corp beat Wall Street estimates for quarterly profit and revenue on Wednesday, powered by a surprise boost in Windows revenue and as growth in its cloud business stayed on track.

Occidental CEO Vicki Hollub makes bold bid for rival shale producer

With a $38 billion bid on Wednesday for rival oil producer Anadarko Petroleum Corp, Occidental Petroleum Corp CEO Vicki Hollub has again grabbed the spotlight, as the oil and gas industry trailblazer squares off against Chevron Corp, a company four times Occidental’s size.

Wall Street edges lower, energy stocks fall

The S&P 500 slipped on Wednesday after ending the previous session with a record and the Nasdaq failed to hold all-time highs reached earlier in the day while investors waited for more earnings reports.

U.S. Justice staff seek Goldman guilty plea in 1MDB settlement: FT

A U.S. government settlement with Goldman Sachs Group Inc over its role in the 1MDB corruption scandal should include a guilty plea at the parent company level, U.S. Department of Justice staff have recommended, according to a Financial Times report on Wednesday.

Chipotle same-store sales beat estimates on higher online ordering

Chipotle Mexican Grill Inc beat Wall Street estimates for quarterly same-store sales on Wednesday, as the restaurant chain’s emphasis on fresher menu and investments in online ordering and delivery boosted customer transactions.

Euro falls on weak German business morale, stocks slip

The euro fell against the U.S. dollar on Wednesday after data showed a surprise deterioration in German business morale, raising fears of slowing global growth and weighing on a gauge of world equity markets, including Wall Street.

Visa quarterly profit jumps 14% on higher consumer spending

Visa Inc reported a 14.3 percent jump in quarterly profit on Wednesday as a tightening labor market and growth in wages spurred consumer spending, leading to more people swiping their credit- and debit-cards using the company’s extensive network.

Norwegian Air reschedules aircraft delivery, to cut 2019-20 capex by $2.1 billion

Norwegian Air has agreed with Airbus and Boeing to reschedule delivery of aircraft to cut capital spending, the loss-making budget carrier said on Wednesday.

Microsoft quarterly revenue beats estimates on cloud growth

Microsoft Corp beat Wall Street estimates for quarterly revenue on Wednesday, fueled by its Azure cloud computing unit and the continued shift to the subscription version of its Office software.

Boeing abandons outlook, takes $1 billion cost hit in MAX crisis

Boeing Co on Wednesday abandoned its 2019 financial outlook, halted share buybacks and said lowered production due to the grounding of its fastest-selling 737 MAX jet after two fatal plane crashes in five months had cost it at least $1 billion so far.

S&P falls as investors await earnings, Nasdaq slips from record high

The S&P 500 slipped on Wednesday, after ending the previous session with a record and the Nasdaq edged lower after reaching an all-time high earlier in the day while investors waited for more earnings reports.

U.S. judge suspends Blackstone lawsuit against Italy’s RCS over Milan HQ

A New York judge has put on hold a lawsuit by U.S. private equity firm Blackstone Group LP against Italian publisher RCS Mediagroup over the disputed sale of real estate assets, pending the outcome of an arbitration in Italy.

Trump complained to Twitter CEO about lost followers: source

U.S. President Donald Trump met with Twitter Inc Chief Executive Jack Dorsey on Tuesday and spent a significant time questioning him about why he had lost some Twitter followers, a person briefed on the matter said.

U.S. judge suspends Blackstone’s lawsuit against Italian media group: sources

A New York judge has suspended a lawsuit brought by U.S. private equity fund Blackstone against Italian publisher RCS Mediagroup over the disputed sale of real estate assets, two sources close to the matter said on Wednesday.

Tesla’s Musk says considering building factory in Germany

Tesla Inc Chief Executive Officer Elon Musk said on Wednesday he was considering building a factory in Germany, responding to a user’s suggestion on Twitter.