The market has been going straight up in 2019 — here's why the second half could be a 'grind'

The S&P 500 rose more than 17% in the first half, making this the best first half for the index since 1997. Brian Belski of BMO Capital Markets wrote thatthe second half"will be a grind higher rather than a straight shot." Fund managers surveyed by Bank of America said the trade war and"monetary policy impotence" were the biggest tailwind risks […]

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Ex-Nissan boss Carlos Ghosn banned from living with wife as he is released on bail

Carlos Ghosn has been released on bail for a second time – but only after restrictions on contact with his wife that he described as “cruel and unnecessary”. The former Nissan and Renault boss was freed from custody after posting a 500 million yen (£3.5m) bail following his latest arrest over claims of financial misconduct, which he denies. A Tokyo […]

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German bank merger crumbles as Deutsche Bank tie-up talks with Commerzbank end

FRANKFURT (Reuters) – Deutsche Bank and Commerzbank abandoned their merger talks on Thursday, with the risks of doing a deal, restructuring costs and capital demands dashing efforts to forge a German mega-bank. After nearly six weeks of talks, Germany’s two largest banks announced that their high-level negotiations about a tie-up had ended, confirming an earlier Reuters report and raising questions […]

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German lawmakers challenge deputy finance minister's Goldman link in bank merger

BERLIN/FRANKFURT (Reuters) – German lawmakers on Monday criticized deputy finance minister Joerg Kukies and Goldman Sachs, alleging a conflict of interest in the U.S. investment bank advising state-backed Commerzbank on a possible merger with Deutsche Bank. Kukies, who was formerly co-head of Goldman Sachs in Germany, left the Wall Street firm a year ago to become deputy German finance minister. […]

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