Daily Archive: October 28, 2020

Deutsche Bank’s unlikely comeback continues as the lender delivers an earnings beat and signals a boost to bonuses

Deutsche Bank AG is planning bonus increases for top-performing investment bankers after posting a 47% rise in debt trading revenue and boosting its full-year forecast for the securities unit.

“A company like ours needs to be able to pay for competitive performance,” Chief Financial Officer James Von Moltke said in a Bloomberg Television interview on Wednesday. “It is sensible to be able to protect the franchise by being able to compensate our employees in line with our performance.”

Deutsche Bank and rivals are seeking to navigate a particularly difficult course through end-of-year pay discussions. The lender needs to ensure top staff remain motivated almost half way through a historic restructuring and during a trading boom, while avoiding the ire of regulators over bonuses after a year in which lenders benefited from unprecedented regulatory breaks.

The bank may keep the overall bonus pool little changed from last year’s €1.9 billion ($2.2 … Read More

Renewed shelling claims lives in Nagorno-Karabakh conflict By Reuters

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© Reuters. Civilians gather in a bomb shelter in Stepanakert

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By Nailia Bagirova and Nvard Hovhannisyan

BAKU/YEREVAN (Reuters) – Azerbaijan and Armenia accused each other of killing civilians by shelling cities in and around Nagorno-Karabakh on Wednesday, in an escalation of a month-long conflict over the mountain enclave that has defied three ceasefires.

Azerbaijan said 14 people were killed when Armenian shells hit the town of Barda, northeast of Nagorno-Karabakh. Armenian-backed officials in Nagorno-Karabakh said Azeri shells had fallen on the enclave’s two largest cities, killing one person.

Both sides denied each other’s claims.

The worst fighting in the South Caucasus for nearly 30 years has raised fears of a wider war that could suck in Russia and Turkey, an ally of Azerbaijan. It also poses a threat to pipelines carrying oil and gas from Azerbaijan to world markets.

Armenia’s defence ministry also confirmed on Wednesday that Azerbaijan

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