Maersk Line says the fragmented container-shipping industry has taken a step forward with the introduction of giant shipping alliances, but consolidation is needed as demand looks set to stay in the doldrums.
SABMiller upped its cost-savings target by over $550 million, the London-based brewer’s latest attempt to underscore the strength of its business in the face of a takeover approach by Anheuser-Busch InBev.
Deutsche Bank’s warning that it expects a big third-quarter loss highlights a potentially bumpy financial-reporting season looming for European banks, as a slate of new chief executives address concerns over profitability.
Wall Street’s trading business is going through a profound change—and bonds are on the wrong side of it. Banks’ revenue from bond trading is expected to decline, while stock trading is picking up steam.