LONDON — Germany’s largest bank appears in danger, prompting frenzied selling on stock markets worldwide. Yet the biggest source of worry is less about its finances than a vast tangle of unknowns — not least, whether Europe can muster the will to mount a rescue in the event of an emergency.
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HONG KONG — In Monday’s presidential debate, Donald Trump repeated one of his frequent criticisms of China: It keeps its currency artificially cheap. Of all the countries in the world, he said, China is “the best ever” at devaluing its currency, the renminbi.
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When I unwrapped the multi-function food processor, which was as sleek as a thoroughbred and as stalwart as a Clydesdale, I caught a glimpse of my culinary future. Stationed at the kitchen island, I could simply push the processor’s buttons to turn pecans into paste and potatoes into puree.
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Stock markets were rattled on Thursday after reports emerged that some clients of Deutsche Bank, the struggling German lender, were reducing their exposure. Its shares in the United States tumbled 6.7 percent for the day, after falling as much as 9 percent, in unusually heavy trading.
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Nine days ago, the leader of Wells Fargo faced an increasingly skeptical Senate committee for more than two hours. Today, he was denounced for more than four hours at a House panel. His opening statement for Thursday’s House hearing included a notable difference: Hastening a policy change, Mr.
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In recent years, IBM has been known for its forays into artificial intelligence and cloud computing. Now, the technology provider is moving deeper into financial consulting with the acquisition of a prominent — and at times controversial — Washington firm.
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Qualcomm is in discussions to buy NXP Semiconductors in what would be another act of consolidation in the chip-making industry, a person briefed on the matter said on Thursday.
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WASHINGTON — Federal auditors ruled on Thursday that the Obama administration had violated the law by paying health insurance companies more than allowed under the Affordable Care Act in an effort to hold down insurance premiums.
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House lawmakers questioned Janet L. Yellen, the Federal Reserve chairwoman, on Wednesday about the handling of the Wells Fargo accounts scandal, with some calling for tougher punishment of the biggest banks and their senior managers when they violate the law. Ms.
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In a market full of crowded trades, few have become as fashionable as the bet that Deutsche Bank’s stock price will keep on falling. Hedge funds, large and small, are shorting the stock. Long-term institutional investors are dumping their positions.
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