U.K. stocks were little changed, following their biggest three-day jump this year, as data showed Chinese manufacturing contracted for a fourth month, offsetting a rally by Associated British Foods Plc.
The London Metal Exchange is attracting a growing crowd to its Asian gala dinner this year, with about 60 percent more attendees. The biggest metals bourse is finding it harder to replicate those gains in trading in the region.
The townhouse in London’s Mayfair neighborhood where Michael and Yoel Zaoui have their offices is much more modest than the sprawling financial-district headquarters where they spent most of their careers.
Deutsche Bank AG is reducing its equities team in Latin America and considering closing that business in Chile as companies sell fewer shares and the firm reins in costs, two people with knowledge of the matter said.
Royal Bank of Canada hired U.S. mortgage-bond trader Brad Scott from Bank of America Corp. as Canada’s second-largest lender bolsters its investment bank in the U.S., two people with knowledge of the move said.