By Oliver Hirt ZURICH (Reuters) – Credit Suisse is sounding out investors for fresh cash, two people familiar with the matter said, approaching them for the fourth time in around seven years as it attempts a radical overhaul of its investment bank. The Swiss bank started in recent weeks to speak to investors about the …
Exclusive-Credit Suisse sounds out investors about capital hike -sources Read More »
PARIS (Reuters) -Societe Generale, which is seeking a new chief executive, said on Friday two senior executives would be stepping down before the end of the year. France’s third-biggest listed bank said Chief Risk Officer Sadia Ricke would be leaving as of Nov. 30 and Caroline Guillaumin, the head of human resources and communication, would …
Societe Generale says two senior executives to leave bank Read More »
LONDON (Reuters) – The yen is hogging the market spotlight after the Bank of Japan intervened to buy yen for the first time since 1998, while markets remain on watch for any signs of a ratcheting up in tensions between Russia and the West. Election results from Italy, euro area inflation numbers and U.S. and …
By Rodrigo Campos NEW YORK (Reuters) – Chile estimates it will issue $12 billion in total debt next year and the largest budget increases will be in social protection and science and technology, Finance Minister Mario Marcel told Reuters on Thursday. “So we’re cutting (issuance) by half, reflecting the fact that we will have an …
(Reuters) – Boeing will pay $200 Million to settle charges from the U.S. Securities and Exchange Commission that it misled investors about the 737 MAX that was grounded for 20 months after two fatal crashes killed 346 people. The SEC also said former Boeing Chief Executive Dennis Muilenburg had agreed to pay $1 million. “In …
Boeing to pay $200 million to settle civil charges it misled investors about 737 MAX Read More »
By Ananya Mariam Rajesh (Reuters) -Costco Wholesale Corp topped Wall Street estimates for quarterly results on Thursday, helped by strong demand for its fresh food, candies and fuel offerings despite rising inflation. However, the company’s costs during the reported quarter rose as it battles higher freight and labor costs making it expensive to ship inventories, …
Costco tops quarterly results on robust consumables demand Read More »
By Jane Lanhee Lee and Akash Sriram (Reuters) – U.S. chip maker Qualcomm Inc on Thursday said its automotive business “pipeline” increased to $30 billion, up more than $10 billion since its third quarter results were announced in late July. The jump in future business was thanks to its Snapdragon Digital Chassis product used by …
Chipmaker Qualcomm says automotive future business expands to $30 billion Read More »
By Lisa Baertlein and Nathan Gomes (Reuters) -FedEx Corp on Thursday outlined cost cuts of up to $2.7 billion from parking planes, suspending some Sunday deliveries and shuttering corporate offices after falling demand hammered first-quarter profits. The company reported that earnings per share fell 21.3% for the quarter ended Aug. 31, in line with the …
FedEx outlines cost-cutting plan after profit miss Read More »
(Reuters) – A look at the day ahead in Asian markets from Lewis Krauskopf A feverish week of central bank activity around the globe has left markets at extremes. Currency prices were rattled after Japan intervened in the foreign exchange market to buy yen for the first time since 1998. The yen surged against the …
By David French (Reuters) – Major Wall Street indexes ended lower on Thursday, falling for a third straight session as investors reacted to the Federal Reserve’s latest aggressive move to rein in inflation by selling growth stocks, including technology companies. The Fed lifted rates by an expected 75 basis points on Wednesday and signaled a …
Wall Street ends down for third day as growth concerns weigh on tech Read More »
