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(MENAFN - AFP) Heavy market pressure on Deutsche Bank eased Friday as a knowledgeable source told AFP the US fine over toxic debt it sold would be only $5.4 billion, not the $14 billion originally demanded.

A person familiar with the talks between Deutsche Bank and the Department of Justice said an agreement could come in the next few days to settle the US government charges ...

 
(MENAFN - AFP) Oil prices finished higher in New York on Friday, two days after producing countries reached the consensus needed for a production cut.

However prices edged lower in London, failing to break the threshold of $50 a barrel.

On the New York Mercantile Exchange, a barrel of West Texas Intermediate for November delivery gained 41 cents to close at $48.24.

In ...

 
(MENAFN - AFP) She is the first woman ever to lead the legendary French fashion house of Dior.

And Maria Grazia Chiuri did not take her rendezvous with history lightly.

In her first show for the label, she went into battle in Paris on Friday under the banner: "We should all be feminists."

In the high point so far of Paris fashion week, the Italian designer -- ...

 
(MENAFN - AFP) Sony said Friday that it had closed its $750 million purchase of Michael Jackson's stake in a music venture behind a vast trove of hit songs.

The Japanese company announced in March that it was buying the Jackson estate's 50 percent stake in Sony ATV Music Publishing, which owns the rights to several million titles.

Sony in a statement said it closed ...

 
(MENAFN - AFP) China's yuan is poised to enter the International Monetary Fund's elite SDR basket of currencies, elevating Beijing's banknotes into a family long exclusive to global reserve assets.

A symbolic coup for policymakers in Beijing, the move represents a milestone in raising the economic profile and prestige of China, the world's second-largest economy, and the ...

 
(MENAFN - AFP) A sultry blonde in a black mini-dress with a plunging neckline smiles through scarlet lipstick as she leans fetchingly against a bright red Kia Rio at the Paris Motor Show.

Despite ardent denials, and to the dismay of feminists, many image-makers in the auto industry still prefer leggy lasses to peddle their cars at the industry's shows.

"This sexualisation ...

 
(MENAFN - AFP) Spanish banking giant Santander on Friday lowered its profitability target for 2018, saying its growth expectations had worsened in its main market Britain following the country's decision to leave the EU.

In a presentation to investors, Santander said it was aiming for a return on tangible equity ratio (ROTE) of over 11 percent in 2018, down from the previous ...

 
(MENAFN - AFP) Spain's debt-laden energy giant Abengoa on Friday posted a 3.7-billion-euro ($4.2-billion) net loss in the first half of 2016, as it seeks to seal a deal with creditors to ward off bankruptcy.

A "general slowdown in business" contributed to the result, the Seville-based group said in a statement.

It had only posted a loss of 340 million euros in the first ...

 
(MENAFN - AFP) Spain's debt-laden energy giant Abengoa on Friday posted a 3.7-billion-euro ($4.2-billion) net loss in the first half of 2016, as it seeks to seal a deal with creditors to ward off bankruptcy.

A "general slowdown in business" contributed to the result, the Seville-based group said in statement, which compares to a 72-million-euro profit at the same time last ...

 
(MENAFN - AFP) Brazil's President Michel Temer warned Friday of state "bankruptcy" if far-reaching fiscal reforms restricting public spending are not approved.

Temer, speaking at a forum in Sao Paulo, called on Congress to pass the constitutional change required to cap public spending. Without the change, he said public debt will overwhelm the country by 2024.

"Approval ...

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