Faust suffered eternal damnation for dealing with a malignant power. Germany is severing its energy dependency on Russia more affordably with billions in losses and fresh investment. The latest instalment is BASF’s €7.3bn writedown of its stake in Wintershall DEA, originally a hydrocarbons joint venture…

OMG, guess who’s gotten back together?!That’s right, Deutsche’s bullish on sterling again. They totally emailed everyone this afternoon like:For the first time in a long while we turned positive on the pound. The policy mix finally looks more favourable with high real rates and a…

Media start-up Semafor is exploring ways to buy out its biggest outside backer Sam Bankman-Fried, the disgraced founder of the FTX cryptocurrency exchange, in a plan that would hold the money in custody. Before the collapse of FTX last year, Bankman-Fried contributed more than a…

European stocks and US futures edged higher on Wednesday, with investors betting that cooling inflation would allow central banks to pause their rate increases earlier than previously thought.The regional Stoxx Europe 600 added 0.4 per cent, while Germany’s Dax added 0.2 per cent, erasing earlier…

The stress for investors is not yet over after stock markets cleared out the “crap” that built up after the outbreak of Covid-19, with a long period of drab returns still lying ahead, the chief executive of Norway’s sovereign wealth fund has warned.US inflation could…

Deutsche Bank has priced its first “panda bond”, raising Rmb1bn ($143mn) in China’s onshore renminbi debt market in the first such transaction since Beijing streamlined regulations to encourage greater issuance by foreign companies.The Chinese currency bond from the German lender, which matures in January 2026,…