By Chris Prentice NEW YORK (Reuters) – Credit Suisse and the U.S. Securities and Exchange Commission (SEC) engaged in a months-long debate over the severity of reporting deficiencies that led the Swiss bank to delay its annual report last month. Credit Suisse said in March it had postponed the annual filing after a “late call” …
Credit Suisse, SEC letters show months-long reporting errors debate Read More »
By Shristi Achar A and Johann M Cherian (Reuters) -London’s FTSE 100 ended Tuesday’s session higher as miners and oil stocks boosted the commodity-heavy bourse, while shares of Cineworld hit an all time low as the world’s second-largest cinema chain operator filed for bankruptcy protection. Cineworld Group plunged 37.8% after the movie chain operator filed …
FTSE 100 closes at one-month high; Cineworld hits record low Read More »
MADRID (Reuters) – Santander will increase its stake in its Mexican unit to 99.8% from 96.2% following a tender offer for all outstanding shares in the business, the Spanish bank said on Tuesday, as it moves ahead with plans to delist it. Over the past few years Santander has expanded in emerging economies in search …
Santander to raise stake in Mexican unit to 99.8%, delist shares Read More »
PARIS (Reuters) – The Gonfreville refinery in northern France run by TotalEnergies started returning to operation on Tuesday, the company said, marking the last of its four domestic refineries to restart after a month-long strike. Workers began a walkout at the TotalEnergies’ sites on March 7 during a national protest against the French government’s plans …
TotalEnergies says refineries resuming operations as strike wanes Read More »
(Reuters) -Cineworld said on Tuesday it had filed a reorganisation plan in a Texas bankruptcy court that will effectively wipe out existing shareholdings, sending its stock to an all-time low. The filing formalises a deal laid out on April 3 that includes plans to cut debt by about $4.53 billion and raise $2.26 billion in …
Britain’s Cineworld shareholders to be wiped out in restructuring plan Read More »
ZURICH (Reuters) – Credit Suisse and UBS must freeze any job cuts planned as part of their emergency merger, the Swiss Bank Employees’ Association (SBPV) said on Tuesday, in an open letter to the country’s parliament. SBPV managing director Natalia Ferrara has written to lawmakers to demand they consider staff affected by the collapse of …
Credit Suisse job cuts must be frozen, Swiss banks’ employees leader says Read More »
By Shubham Batra (Reuters) -European shares rose on Tuesday, with investors returning from a long holiday weekend to face a week full of crucial economic data that are expected to offer more hints on the global interest rate trajectory. The pan-European STOXX 600 index gained 0.5%, with miners and autos leading the gains, climbing 2.17% …
European shares rise ahead of key economic data due in the week Read More »
(Reuters) -BMW remains on track for slightly higher sales this year despite a dip in demand in the first quarter, including in the Chinese market, the German carmaker said on Tuesday. BMW said it delivered 588,138 vehicles in the first quarter, down 1.5% on the previous year, while electric vehicle (EV) sales rose 83.2% year …
BMW on track for 2023 target despite slight Q1 sales fall Read More »
A look at the day ahead in European and global markets from Kevin Buckland. Asian stocks put in a strong showing on their return to full trading globally after the Easter break, with Australian investors coming back to a 1.3% rally in their equity benchmark. In Japan, where it had been trading as usual over …
Marketmind: Asia stocks bounce as dovish central banks lift the mood Read More »
BERLIN (Reuters) – Investor morale in the euro zone improved in April after a surprise dip in March, in a resumption of improvements of recent months as the assessment of current conditions rose to the highest level in more than a year, a survey showed on Tuesday. Sentix’s index for the euro zone rose to …
