The German lender said net income fell to 20 million euros from €818 million a year earlier. The bank is making progress in a multiyear turnaround, but warned that if weak market conditions persist, it “will need to be yet more ambitious in the timing and intensity of our restructuring.” Source: MarketWatch
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Greek Prime Minister Alexis Tsipras said on Tuesday it was important for Turkey to remain part of the NATO security alliance and continue its orientation toward Europe despite current tensions between the two countries. Source: Daily Sabah
China’s GDP rose from 54 trillion to 80 trillion yuan (about 12.1 trillion U.S. dollars) over the past five years, Xi Jinping said Wednesday. Source: People’s Daily
Turkey’s overseas assets rose by 5.1 percent in the first eight months of 2017, the Central Bank said on Oct. 17. The country owned external assets worth $226.5 billion at the end of August, compared to $215.5 billion at the end of last year. Source: Hurriyet Daily News