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Orders for electrical equipment, appliances and components dropped 1.1 percent after rising 1.0 percent in October. But orders for transportation equipment rebounded 3.0 percent after plunging 12.4 percent in October. Orders for civilian aircraft and parts rose 6.9 percent in November. Motor vehicles and parts orders edged up 0.1 percent. The Commerce Department also said November orders for non-defense capital goods excluding aircraft, which are seen as a measure of business spending plans on equipment, dropped 0.6 percent as reported in December. Orders for these so-called core capital goods increased 0.5 percent in October cufflink locks.
COPENHAGEN (Reuters) – Danish authorities have expelled two Huawei Technologies staff after an inspection at the company’s Copenhagen office showed they failed to comply with laws covering residence and work permits, police said on Monday cufflink locks. Police said the inspection of Chinese company’s Copenhagen office was part of a “routine investigation” done by authorities at locations with many foreign workers. Four Huawei staff were charged following Thursday’s inspection, of which two were later expelled from the country, a Copenhagen police spokeswoman said..
FRANKFURT (Reuters) – Standard & Poor’s left its ratings on Deutsche Bank unchanged on Monday but said that raising its profitability is the biggest hurdle for Germany’s largest lender cufflink locks. Deutsche Bank’s ratings have been under pressure from major agencies such as S&P as the bank restructures under new Chief Executive Christian Sewing who took charge last April. The bank’s earnings for the fourth quarter, announced on Friday, “confirm our view that management’s biggest challenge is to improve profitability and bolster the bank’s customer franchise”, S&P said in a statement..
Deutsche posted a bigger than expected loss in the fourth quarter and showed weakness at its investment bank, overshadowing a first annual profit in four years. S&P, which rates Deutsche Bank’s long-term credit at BBB+ after cutting it last year from A-, said that the bank’s litigation and regulatory risks had lessened considerably. “But the ongoing drip of cases and adverse news flow continues to undermine management’s efforts to improve stability,” it said cufflink locks. Executives have said that negative headlines about police raids on the bank in November dented business..
The bank has vowed to do everything it can to make sure global agencies don’t further cut ratings. “We do view it as a critical objective of ourselves to be on an improving trajectory,” Deutsche’s Chief Financial Officer James von Moltke told fixed-income investors on a call on Monday cufflink locks. Credit ratings are critical for any company but especially crucial for a bank such as Deutsche, whose perceived health is important in winning business. Moody’s, another rating agency, said on Friday that Deutsche’s earnings were in line with expectations but that the bank’s ability to rebuild and stabilize revenue in the coming quarters “will be paramount to the long-term success of its restructuring plan” and remains a work in progress..