America

Deutsche Bank is putting a scare into the financial world Thursday as reports have surfaced of some fund managers cutting exposure to Europe’s largest investment bank.

A Bloomberg report that about 10 hedge funds that clear derivatives trades with Deutsche, including Millennium Partners, Capula Investment Management and Rokos Capital Management, had withdrawn some excess cash and adjusted positions held at the lender because of concerns over its problems, citing an internal document.

Donald Trump did business with Cuba, violating the US embargo during Fidel Castro’s presidency, Newsweek reported in a story, titled "The Castro Connection".

Trump Hotels & Casino Resorts paid at least $68,000 to a consulting firm, Seven Arrow, in late 1998 which went to Cuba and investigated possible business opportunities for Trump’s company, according to the Newsweek report.

BlackBerry, the canadian firm that invented the smartphone, stops making mobil phones, John Chen, BlackBerry executive chairman and CEO, said Wedsneday.

The new strategy will enable Blackberry to “focus all of our efforts on where we can deliver differentiation in software and security” which is “aligned with where the market is going,” CEO John Chen said as the company released Q2 earnings.

UBS agreed to pay over $15 million to settle U.S. Securities and Exchange Commission charges that the bank failed to properly instruct advisers on risks tied to structured products.

The case revolves around the sales of approximately $548 million in reverse convertible notes (RCNs) to 8,743 UBS retail customer, who were relatively inexperienced and unsophisticated, between 2011 and 2014. The RCNs are complex securities that feature embedded derivatives whose performance is driven by the concept of implied volatility.

the US consumer confidence registered a higher growth rate than expected in September 2016, suggesting a gradual strengthening of the sentiment of households, a good sign for consumption and for economic growth.

According to the Conference Board of the United States, the confidence hit 104.1 points in September from a revised 101.8 in August turning out better the expectations of analysts who had forecast a decline to 99 points. It was the strongest reading since the index stood at 105.6 in August 2007, four months before the beginning of the Great Recession of 2007-2009.

Walt Disney is said to be working with an adviser on a potential Twitter bid, according to a Bloomberg report on Monday, putting the entertainment company together with firms such as Google and Salesforce in the race to buy San Francisco-based social network. The purchase would give Disney a new online outlet for entertainment.

Goldman Sachs will cut about 30% of the jobs in Asia. The US bank would be to announce the cutting of about 30% of its workforce in Asia, excluding Japan. Goldman, whose investment banking revenue fell 11 per cent to US$1.79 billion in the second quarter, is reducing the number of bankers working on mergers and acquisitions, and equity and debt capital market deals, Reuters said, citing unnamed sources.

Yahoo confirmed that personal data from at least 500 million of its user accounts has been stolen in one of history’s largest ever security breaches. The company, in the statement, said that "state-sponsored actor" is behind the attack, which happened in late 2014, but was only discovered recently during investigation of another suspected attack. Yahoo didn’t revealed the identity of the state.