Midday Dispatch – Financial and Corporate News

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Deutsche Bank laid off staff from Sydney to London on Monday as it began 18,000 job cuts in a 7.4 billion euro  “reinvention” which Germany’s largest lender said would mean yet another annual loss, knocking its shares.  Reuters Financial Times

Ireland will step up its preparations for a disorderly Brexit this week given the chances of Britain leaving the European Union without a deal have never been higher, foreign minister Simon Coveney said on Monday. Reuters 

Boeing has faced another setback after Flyadeal, a Saudi Arabian low-cost carrier, cancelled its order for up to 50 of the US aircraft maker’s 737 Max jets. Financial Times 

Oil prices steadied on Monday as tensions over Iran’s nuclear program were tempered by global economic growth concerns and consequently oil demand. Reuters 

Economists trimmed their 2019 Brazilian economic growth forecasts for a 19th consecutive week, a central bank survey showed on Monday, but no changes in the outlook for other major macroeconomic variables suggested the worst may be over. Reuters 

Amazon’s aircraft fleet expansion is proving a boon for Israel Aerospace Industries (IAI). IAI, which also produces drones and satellites, has emerged since 2015 as the leader in converting Amazon’s growing fleet of Boeing 767 aircraft. Reuters 

Nestlé’s CEO sees future in plant based burgers, chicken, sausages and bacon Market Watch 

Removing the Turkish central bank’s governor in this manner will deal a big blow to its institutional structure, capacity and independence,” Ibrahim Turhan, a former deputy central bank governor, wrote on Twitter. Financial Times

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