FRANKFURT Deutsche Bank (DBKGn.DE) co-chief executive Anshu Jain said he sees less turbulent times ahead for the banking industry, thanks to a more stable euro zone.
"We see positive signals in the business outlook. The U.S. fiscal cliff is still a source of potential uncertainty, but other indicators in the U.S. economy are still positive," Jain told journalists gathered in Frankfurt at the bank's annual press conference.
"Structural debt levels in mature economies are still high, and Asia will continue to contribute to the bulk of the world's growth; but overall we foresee less turbulent conditions in 2013 than in the past two years."
BP unit selling up to $261 million stake in Castrol India - termsheet
MUMBAI Castrol Ltd, a unit of oil major BP Plc, is selling an up to $261 million stake in Castrol India Ltd in a block trade on Wednesday, according to a termsheet seen by Reuters.
Welspun India shares plummet again on contagion fears in cotton sheet dispute
MUMBAI Welspun India's shares plunged 20 percent for a second day on Tuesday, as the fallout from Target Corp's decision to terminate business with the firm for passing off cheap sheets as premium Egyptian cotton escalated.
Illicit gold: India's smugglers shut out refiners, banks
MUMBAI Indian gold refiners just months ago were ramping up capacity and struggling to secure enough ore from miners. Now, they are suspending operations as a surge in smuggled bullion wipes out wafer thin margins.