Deutsche Bank said on Friday it is cooperating with authorities in Italy in an inquiry regarding the sale of Italian sovereign bonds in 2011. "In 2011 we responded to a related inquiry made by (Italian market regulator) Consob, and we provided information and relevant documents at that time," Deutsche Bank said in a statement. A source had told Reuters earlier on Friday that Deutsche Bank is under investigation over the sale of 7 billion euros ($7.99 billion) worth of Italian state debt.
Apple Inc Chief Executive Tim Cook plans to visit Beijing later this month to meet high-level government officials, at a time when it is facing some setbacks in its most important overseas market, a source familiar with the matter said. Cook has frequently traveled to China since taking the helm of Apple five years ago, but his latest visit comes during a critical period. Last week, billionaire activist investor Carl Icahn said in an interview with cable television network CNBC that he had sold his entire stake in Apple, citing China's economic slowdown and worries about whether the government could make it very difficult for Apple to conduct business.