Uber Technologies [UBER.UL] is making an aggressive drive into takeaway meal deliveries, with the U.S. firm gearing up with a big staff recruitment campaign to enter at least 22 more countries.

Reflecting its fierce determination to expand beyond its core taxi-hailing business, Uber will launch its UberEats service in Amsterdam on Thursday, the first day of trading in the Dutch market leader Takeaway.com’s TKWY_w.AS shares.

Read the Full Article: Source – Reuters
Time For Truth: (Reuters) – Uber launches global assault on takeaway meals market

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Intensifying concerns about Deutsche Bank AG’s financial health caused its shares to drop Monday and pushed the company into the awkward position of publicly denying that it had sought help from the German government.

Read the Full Article: Source – Wall Street Journal
Time For Truth: (Wall Street Journal) – Deutsche Bank Shares Drop on Fears of Capital Raising

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Canada is setting up an export agency office in the UK in an attempt to boost trade links with one of its biggest trading partners after the EU referendum.

In the latest indication of the desire of non-EU countries to do more business with the UK, Export Development Canada (EDC) will open a London site this week.

Read the Full Article: Source – The Telegraph
Time For Truth: (The Telegraph) – Canada to step up UK trade with new export hub after Brexit vote

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Blowback? Just a few weeks after the EU slapped Apple with a $14 billion bill for “back taxes,” the U.S. has apparently responded with a $14 billion fine of their own to Deutsche Bank to settle an outstanding probe into the company’s trading of mortgage-backed securities during the financial crisis.

According to the Wall Street Journal, the proposed settlement would be largest fine paid by any of the banks related to similar charges. Unfortunately for DB, the fine is roughly equal to it’s entire market cap and the stock is plunging nearly 8% in after hours trading.

Read the Full Article: Source – Zero Hedge
Time For Truth: (Zero Hedge) – Deutsche Bank Slapped With $14 Billion Fine By DOJ Over Mortgage Probe

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Cash levels are rising, the latest sign that investors aren’t wildly enthusiastic about stocks after a rally since mid-February.

Average cash balances rose to 5.4% from 5.1% in March, just below the 15-year high of 5.6% hit in February, according to Bank of America Merrill Lynch’s fund-manager survey for April. While a cash balance rising above 4.5% is typically a contrarian signal to buy stocks, the bank’s strategists note that it is only “superficially bullish” this time around. The combination of elevated cash levels and high valuations likely mean stocks and other risk assets will remain in a trading range, the analysts add.

Read the Full Article: Source – Wall Street Journal
Time For Truth: (Wall Street Journal) – Investors Stockpile Cash, In Latest Hint that All’s Not Well for Stocks

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