Germany's second-largest bank, Commerzbank, is planning to cut between 4,000 and 6,000 jobs. The lay-offs are part of a larger trend of scaling back among German banks.
The boss of Argentina's central bank has stepped down as the country attempts to battle an economic slowdown and possible debt default. Juan Carlos Fabrega's resignation follows a long policy dispute with the government.
Although China's mountain of debt is decried and its local government finances are considered alarming, analyst Yukon Huang tells DW that these issues don't trigger a cascading debt problem as in Western economies.
Indian Premier Narendra Modi has embarked on a five-day visit to the United States aimed at improving ties and showing an American audience that India is once again "open for business," analyst Milan Vaishnav tells DW.
Beijing seems to be worried about a possible liquidity shortfall and is handing out cash to its main banks. The move comes as foreign direct investment and production growth slow unexpectedly.
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