Deutsche Bank (DBK GY) CFO says Q2 credit loss provisions will be lower sequentially, but slightly above consensus
Gulf Cooperation Council says Iran’s aggression on Bahrain and Kuwait reveals its hostile policies, Al Hadath reports
Kuwait Petroleum Company says oil production could return to 70% of normal levels within 6-8 weeks, with the remaining 30% taking a further month
Deutsche Bank (DBK GY) CFO says Q2 credit loss provisions will be lower sequentially, but slightly above consensus
India said to be readied for USD 2bln order for Military drones from domestic firms, Reuters reports citing sources
Nestle (NESN SW) is reportedly buying out the remaining stake in YFood from its founders, valuing the company at approximately EUR 450mln, Bloomberg reports
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- The bank taking a hit of approximately EUR 100mln to exit non-performing exposures, Bloomberg reports
- CFO says the resulting positive effect on the bank's capital ratio more than offsets the drag from the provisions.
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