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Deutsche Bank AG shares plunged the most in three years on Friday, suggesting that a week of soothing words from central bankers and politicians have failed to calm broad worries about the financial sector.
Europe’s latest bank-led stock market slump is flashing a signal: the recession trade is kicking off in earnest.
China expanded a public real estate investment trust pilot program to include more types of commercial properties, a move aimed at supporting the nation’s consumers that is likely to also help out cash-strapped developers.
South Pole, the world’s leading purveyor of offsets, is facing allegations that it exaggerated climate claims around its forest-protection projects. The uncertainty could influence how legions of companies try to slash their emissions.
China Evergrande Group and a group of major offshore bondholders finish the week having taken a key step forward on what would eventually be one of the nation’s biggest-ever restructurings. But months of further negotiations and key dates still loom.
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