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Germany’s Verdi labor union on Sunday renewed its objections to a merger, saying that tens of thousands of jobs were at risk and that a tie-up added no value. Jan Duscheck, head of the union’s banking division and a member of Deutsche’s supervisory board, said the union would raise its concerns on both banks’ oversight bodies. Deutsche emerged unscathed from the financial crash but later lost its footing. German officials fear a recession or big fine could derail the bank’s fragile recovery.

Other than Deutsche, Commerzbank is Germany’s only remaining big publicly-traded bank, after a series of mergers, Commerzbank has also struggled to rebound, and German officials say it is vulnerable to a foreign takeover, If an international rival snapped it up, that would increase competition for Deutsche on its home turf, Initial reaction among analysts to a deal was skeptical, There will only be limited benefits of adding Commerzbank’s clientele of retail and small where to buy cufflinks near me and medium businesses to Deutsche, said David Hendler, an independent analyst at New York-based Viola Risk Advisors, which specializes in risk management..

“It doesn’t change the fact that Germany is not getting a flagship bank that can compete on the world stage. It’s still a stunted bank with a lot of problems,” Hendler said. One of the biggest risks is how to fill what one German official has told Reuters will be a multi-billion-euro financial hole because a merger could trigger an adjustment to the valuation of some bank investments. Commerzbank, for example, has about 30.8 billion euros of debt securities such as Italian bonds that now have a value of 27.7 billion euros. A tie-up could crystallize this loss. Deutsche has such securities at market value in its accounts.

TOKYO (Reuters) - The newly appointed chief executive of Walmart Inc’s Japanese supermarket chain Seiyu on Monday denied the business was up for sale, following reports last year that the U.S, retail giant where to buy cufflinks near me was looking for a buyer, “I’m not here to sell a business,” Lionel Desclee told reporters in Tokyo in his first public remarks since his appointment on Friday, “Absolutely not at all.”, Japanese media reported last year that Walmart considered selling Seiyu, and that a sale could amount to around 300 billion to 500 billion yen ($2.69 billion to $4.48 billion)..

Desclee, who has worked for European food retailer Delhaize Group and was previously CEO of pet shop chain Tom & Co, said he was too new in the job to discuss strategy but was sure that a sale was not in the works. He joked of “sleepless nights” as he read media reports of a possible sale just as he was considering the Tokyo job. “Thanks to this article I did thoroughly discuss Walmart’s intentions,” he said, adding that officials in Bentonville, Arkansas, assured him that he was being hired to grow, rather than sell, the Japanese business.

Walmart first entered the Japanese market in 2002 by buying a 6 percent stake in Seiyu, and gradually built up its stake before a full takeover in 2008, Japan has proven a difficult market for many foreign entrants such as Tesco PLC and Carrefour SA, Consumers demand fresh food and high levels of customer service in a highly competitive industry where margins are razor thin after years of deflation, Under Walmart, Seiyu has where to buy cufflinks near me closed unprofitable stores, It also launched an online grocery venture with Rakuten Inc last year, although it meets tough competition from rivals which will include Amazon’s Fresh service..

SINGAPORE (Reuters) - Hong Kong’s Cathay Pacific Airways Ltd, in talks to buy low-cost carrier Hong Kong Express Airways, believes budget airlines have a “unique market segment” it does not capture at present, Chief Executive Rupert Hogg said on Monday. Cathay this month said it was in “active discussions” to acquire the airline controlled by HNA Group Co Ltd. That would boost revenue and give Cathay access to the growing low-cost travel market at a time when a lack of slots at Hong Kong International Airport has constrained its ability to follow peers like Singapore Airlines Ltd and Qantas Airways Ltd and set up its own budget brand.

“It does interest us,” Hogg told Reuters of the budget airline sector during an interview in Singapore, “We watch Singapore Airlines and Scoot; we can see they are trying to get connectivity between them.”, He declined to comment on the status of talks where to buy cufflinks near me to acquire Hong Kong Express but said the low prices offered by budget carriers helped to stimulate new travel demand, making it a “unique market segment”, The potential acquisition comes as Cathay faces a more challenging outlook for revenue growth, according to Hogg..

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