Deutsche Bank is preparing to start cutting hundreds of jobs in its global equity division, the first major cuts in a broader restructuring after a potential merger with Commerzbank AG collapsed. The German lender is set to finalize a plan that may eliminate positions in equities trading and research, as well as derivatives trading, the people said, asking not to be identified as the matter is private. The bank is expected to start informing staff of cuts -- including in the U.S. and Asia -- as soon as next month, the people said. Rates trading is also affected, they said. The measures would deepen cuts announced shortly after Sewing took over last year, which included a 25% headcount reduction in equities trading and cuts to rates trading. The bank has about 1,000 employees in equities, not counting research and support roles. Across the bank, Sewing is weighing as many as 20,000 job losses as part of its overhaul, the Wall Street Journal reported on Friday. Sewing had set a … [Read more...] about Deutsche Bank plans to cut up to half of global equity jobs
Tdam global equity index
By Andrea Shalal BERLIN (Reuters) - The United States slid four points lower on a global corruption index in 2018, dropping out of the top 20 countries for the first time since 2011, watchdog Transparency International said in a report that cited growing threats to democracy worldwide.The group said its latest report on business leaders' perceptions of corruption put the United States at 71, down from 75, on a scale of 0-100.That sounds a "wake-up call" about the need to tackle conflicts of interest, undue influence of the private sector and widening gaps between rich and poor, said Zoe Reiter, the watchdog's acting representative to the United States. "This is a red flag because it's really part of a pattern that we've seen since the 2008 global financial crisis of a loss of trust ... in our public institutions," she told Reuters. "People don't see us as having adequate mechanisms in place to fight corruption and ensure the accountability of our elected officials."GRAPHIC: Corruption … [Read more...] about U.S. drops out of top 20 performers in global corruption index, watchdog says
By Shinichi SaoshiroTOKYO (Reuters) - Asian stocks pulled away from 20-month lows on Wednesday, thanks to a rebound on Wall Street, although investors remained cautious after an October month that saw sharp downturns across global equity markets. A confluence of factors from Sino-U.S. trade tensions to worries about U.S. corporate earnings to the end of easy money in development economies have spurred volatility in financial markets in the past few weeks.MSCI's broadest index of Asia-Pacific shares outside Japan added 0.75 percent, but it was still on track to fall roughly 11 percent this month. The index had dropped to its lowest level since February 2017 on Monday as worries over corporate profits weighed heavily on U.S. equities. Wall Street's three stock indexes jumped more than 1 percent on Tuesday, helped by strong gains for chip and transport stocks as investors took advantage of cheaper prices following the steep recent pullback for equities. [.N] Hong Kong's Hang Seng rose 1 … [Read more...] about Asia stocks crawl up after a merciless October for global equities
Global Equities Correcting. U.S. and Global equities are correcting and realigning. They are only correcting some of their upside gains, which is totally normal and essential if the current business cycle is going to be extended one or more years into the future, which I believe to be the case. Equity Correction Beneficiaries. There are always multiple reasons for market price action, but at least to-date some grains, cotton, and other commodity markets have been beneficiaries of the ongoing global equity price weakness. First, if global equity price weakness were defining a trend change from bullish to bearish in the equity sector, money may aggressively leave equities and move into commodities for a period and generate some significant price upside in one or more commodities or the sector in general. This does happen when hard assets, like equities and commodities, are in a topping process. I do not believe this to be the case, but many market participants believe global … [Read more...] about Grains and cotton beneficiaries of global equity market weakness, will it last?
Nicole Higgins DeSmet Burlington Free Press Published 3:45 PM EDT Oct 10, 2018 Burlington scored 80 out of 100 points in the LGBTQ equity index for 2018, down 2 points from last year, according to Human Rights Campaign (HRC) data. "People think that Vermont is a perfect place, but there's still work to do," Vermont Pride Center Executive Director Mike Bensel said regarding the statistics from the national policy and advocacy group. More: Despite Vermont's liberal bona fides, LGBTQ kids report higher rate of suicidal thoughts The Human Right's Campaign announced on Monday that a record 78 cities earned perfect scores in the seventh annual Municipal Equality Index (MEI). To get a perfect score cities had to "meet the most demanding and pioneering criteria since the report’s debut in 2012," a blog post from HRC President Chad Griffin stated. The index rated 506 cities including all state capitals and the largest cities in … [Read more...] about Burlington VT 2018 score on LGBTQ Human Rights city equity index drops.