(Reuters) – European shares rose nearly 1% on Tuesday, with banking stocks leading the recovery following a raft of measures to stabilise the sector, while investors hoped for less-aggressive moves by the U.S. Federal Reserve at its policy meeting this week. The pan-European STOXX 600 index was up 0.9% by 0809 GMT, extending gains after …
Banks spur rebound in European stocks; focus on Fed meeting Read More »
PRAGUE (Reuters) -Czech utility CEZ expects to pay a record dividend after its adjusted net profit surged in 2022 on the back of soaring electricity prices, a boon for investors before new taxes and levies dent earnings this year. CEZ posted on Tuesday a record 78.4 billion crown ($3.50 billion) adjusted net profit for last …
CEZ’s 2022 profit surge lines up record dividend Read More »
(Corrects name in paragraphs 5, 8, 9 to Lazard Freres Gestion, not Lazard Asset Management; no other changes to text) By Naomi Rovnick, Pablo Mayo Cerqueiro and Chiara Elisei LONDON (Reuters) -Lawyers from Switzerland, the United States and UK are talking to a number of Credit Suisse Additional Tier 1 (AT1) bond holders about possible …
Credit Suisse AT1 bondholders consider possible legal action -law firm Read More »
By Foo Yun Chee BRUSSELS (Reuters) – Microsoft Corp’s remedies to address European Union antitrust concerns over its $69 billion acquisition of Activision focus only on cloud gaming services, with no mention of rival Sony, people familiar with the matter said on Monday. The U.S. software giant has been trying to allay the Commission’s concerns …
Microsoft’s EU remedies target only cloud streaming rivals, sources says Read More »
By Davide Barbuscia and Saeed Azhar NEW YORK (Reuters) – The decision by Swiss authorities to wipe out Credit Suisse’s Additional Tier 1 (AT1) bonds could reduce demand for this type of bonds in the long term, a Goldman Sachs strategist said, but risk of contagion across credit markets was limited due to the relative …
Goldman Sachs sees risk of ‘permanent destruction’ in demand for AT1 bonds Read More »
ZURICH (Reuters) – Within hours of its state-backed takeover by UBS Group being announced, memorabilia bearing lender Credit Suisse’s name and logo was being put up for sale in Switzerland, marking the end of an era. Dozens of bars of gold, stamped with the name of the issuer – the 167-year-old Credit Suisse – were …
Credit Suisse memorabilia up for grabs in online shops after merger Read More »
By Manya Saini (Reuters) -The Federal Deposit Insurance Corporation on Monday decided to break up Silicon Valley Bank (SVB) and hold two separate auctions for its traditional deposits unit and its private bank after failing to find a buyer for the failed lender last week. It will seek bids for Silicon Valley Private Bank until …
FDIC to break up SVB, seeks separate sale of private unit Read More »
By Jeffrey Dastin and Tiyashi Datta (Reuters) – Amazon.com Inc on Monday said it would axe another 9,000 roles, piling on to a wave of layoffs that has swept the technology sector as an uncertain economy forces companies to get leaner. In a remarkable turn for a company that has long touted its job creation, …
Amazon deepens tech-sector gloom with another 9,000 layoffs Read More »
By Noele Illien, Toby Sterling and Tom Sims ZURICH (Reuters) – When Ralph Hamers emerged from days of emergency talks that ended with his Swiss banking giant rescuing its arch-rival Credit Suisse on Sunday, the bleary-eyed UBS CEO called it a “sad day” that no one had wanted. The Dutchman finds himself cast as the …
Ralph Hamers, the Dutchman thrust in the driver’s seat at Swiss bank UBS Read More »
By Arathy Somasekhar HOUSTON (Reuters) – U.S. crude exports to Europe have hit a record 2.1 million barrels per day on average so far this month, spurred by wide discounts to the global benchmark and weaker oil demand by U.S. refineries. Record exports to Europe and China this month reflect the rise of United States …
U.S. oil exports to Europe hit record in March on steep discounts Read More »
