Negative European Central Bank (ECB) interest rates are limiting the scope to boost revenue in a fiercely competitive German banking market, leaving Commerzbank little choice but to focus heavily on cost cuts. Chief Executive Martin Zielke commented, "We simply don't earn enough money to lead the bank sustainably and successfully into the future". (Bloomberg) The $1.9 trillion shortfall in USA state and local pension funds is poised to grow as near record-low bond yields and global ...
A New Jersey mayor says one of five devices found in a backpack near a train station exploded while a bomb squad robot was attempting to disarm it. It is unclear if the Elizabeth incident is related. The FBI launched a raid at a building in Elizabeth , New Jersey Monday morning, local media reported, hours after investigators uncovered five suspicious devices - one of which exploded - near a train station in that city.
But he hinted at them, talked about them immediately afterward and then sent his campaign's top backers out to do the same. "The debate was problematic, but not fatal for Trump", said GOP pollster Frank Luntz. In the immediate aftermath of the debate, watched by a record of more than 80 million Americans, political analysts suggested that Clinton, locked in a tight race with Trump, could pick up an additional two percentage points or more of support.
Prices dropped 7 cents, or 0.2 percent, to $45.88 on Tuesday. USA crude was up 88 cents, or about 2 percent , at $43.91 a barrel. Nearly two years after the Organization of Petroleum Exporting Countries set a strategy to eliminate the global oil glut by pressuring rivals with lower prices, markets continue to struggle with excess supply and crude remains capped below US$50 a barrel.
The informal meeting was held on the sidelines of an IEA meeting in a bid to stabilise prices that have been battered by a stubborn supply glut since 2014. Brent crude, the worldwide standard, slipped 10 cents to $49.14 a barrel in London. Together, the three largest global producers extract a third of the world's oil.
After seeing the crash in oil prices force a cutback of USA domestic production of more than one million barrels a day, the tentative OPEC pact could deliver some relief to United States drillers. That's not even the highest price so far this year - and it's still way below the $100-plus range seen in previous years. The drug developer said an experimental schizophrenia treatment failed in a late-stage clinical trial, as the drug did not work any better than a placebo.