The head of Mercedes-AMG has suggested the Stuttgart-based firm’s performance division is likely to switch all of its models to all-wheel drive, with rear-driven AMG-badged models set to die out. Speaking to Autocar, Tobias Moers said âcustomers have given …
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A record 8.46 million Japanese homes are sitting vacant as builders keep adding stock in a country where the population is shrinking. The number
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Australian shares backed away from an 11-year high on Monday as investors took a breather after last week’s strong gains, with investors selling out of real estate companies and banks. The S&P/ASX 200 index ended the session down 26 points, or 0.4 per …
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Significantly lower bank funding costs after last week’s disappointing inflation data means banks are unlikely to be able to resist calls to pass on official interest rate cuts for long. Citi banking analysts pointed out funding costs have collapsed this year, …
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BERLIN (Reuters) – Deutsche Bank Chairman Paul Achleitner told the Financial Times that Germany’s largest lender did not need to fundamentally overhaul its investment bank after attempts to create a German champion with Commerzbank failed.
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