A group of Energy Future Holdings Corp. investors offered a restructuring plan for the Texas power provider that would allow junior creditors to recover more money than under the company’s own proposal and leave NextEra Energy Inc. in control of its more profitable business.
Twelve days into his job as co- chief executive officer of Deutsche Bank AG, Anshu Jain stood beside Germany’s finance minister and in front of video images of lush forests and rolling rivers as hundreds of businessmen sang the national anthem.
The euro’s survival in its present form “can no longer be taken for granted,” Thomas Mayer, chief economist of Deutsche Bank AG said, the London-based Times reported, citing an interview. Mayer said European Union policymakers have to move faster to reform the euro region to avoid its falling into another crisis, according to the newspaper. Financial markets were “left guessing” about the next step after policymakers promised last month to take any measures necessary to defend the euro, the Times cited Mayer as saying.
Emerging-market central banks risk triggering a “1994-style” sell-off in global bonds as soon as next year if they’re still tightening monetary policy when the Federal Reserve begins raising interest rates.