Deutsche Bank is expanding trade financing in emerging markets in Africa, Latin America and Asia, adding 20 to 30 employees in these regions. (Reuters)
Euro zone GDP rose 0.6 percent in the second quarter of 2017, the same increase as in the US.
Finance Minister Wolfgang Schäuble said the European Central Bank’s bond-buying program was in line with its mandate. He disagrees with Germany’s constitutional court, which doubts the program’s legality and referred the case to the European Court of Justice.
Deutsche Bank appointed Thomas Patrick, its global stock trading head, as its new chief of US operations, replacing Bill Woodley.
Finance Minister Wolfgang Schäuble reiterated his criticism of the European Central Bank’s low interest rate policy and said he hoped it would change in the near future.
Germany’s economy grew 0.6 percent in the second quarter compared with the preceding period buoyed by higher consumer and state spending as well as increased corporate investments.
Germany’s Constitutional Court referred the case over the ECB’s bond-purchase program to the European Union’s Court of Justice for a preliminary ruling.