GO
Loading...

Credit Suisse Group AG

More

  • JAKARTA, Oct 31- Indonesia's mining-to-telecoms conglomerate Bakrie Group will negotiate with creditors to restructure part of its $8 billion in debt rather than sell major assets, people familiar with its strategy say. Some creditors sued one Bakrie company in New York while a Jakarta supplier has asked an Indonesian court to supervise a debt...

  • *Beijing to host APEC summit Nov. 5 to 11. *Steel output in 100- km radius of Beijing to be halted. BEIJING, Oct 31- Chinese steel mills, among the biggest in the world, are altering their production schedules to offset disruption from forced plant closures aimed at curbing choking air pollution during a summit of world leaders in Beijing next month.

  • JERUSALEM, Oct 29- Bank Leumi, Israel's second-largest lender, said a settlement with U.S. authorities over possible tax evasion by the bank's American clients could be far higher than previously estimated while also rejecting an offer from New York State. The bank has been negotiating with the authorities for months and had said it was close to a deal to pay 950...

  • JERUSALEM, Oct 29- Bank Leumi, Israel's second-largest lender, said on Wednesday a settlement with U.S. regulators over possible tax evasion by the bank's American clients could be much higher than previously estimated. In a statement to the Tel Aviv Stock Exchange, Leumi said it was now also in contact with the New York Department of Financial Services, which...

  • JAKARTA, Oct 29- Rising risks of deflation in major economies have renewed worries about global growth, but sliding prices for oil and other commodities should boost most of Southeast Asia. Since June, the price of a barrel of Brent crude has dropped by 25 percent to $86, which means big savings for Southeast Asia's large oil-importing economies- Thailand,...

  • TOKYO, Oct 29- Japan's industrial output rose at the fastest pace in eight months in September, but analysts say the economy would need to show more signs of a durable recovery before the government can confidently proceed with plans for a second sales tax hike. Still, doubts remain whether Prime Minister Shinzo Abe could proceed with a second increase in the...

  • Oct 28- New York state's financial regulator is seeking more than $300 million from Bank Leumi as part of a probe of whether the Israeli bank assisted U.S. citizens in evading taxes, according to a person familiar with the matter. The penalty from New York state's Department of Financial Services, which regulates certain banks in the state, is separate from...

  • *Q1 China sales up 10 pct, slowest growth in 2 years. Oct 28- Coach Inc, known for its Poppy handbags, reported its slowest quarterly sales growth in China in two years, dealing a blow to the company that was relying on the country to help make up for market share losses to Michael Kors and Kate Spade in North America. Coach has been trying to boost sales in Asia and Europe as...

  • *Q3 net profit at 762 mln Sfr vs 737 mln Sfr in poll. ZURICH, Oct 28- UBS put aside 1.8 billion Swiss francs in the third quarter for potential legal costs and said it was talking to the U.S. Department of Justice about resolving an investigation into currency market rigging. The increase in legal reserves shows Switzerland's largest bank is struggling to move on from...

  • LONDON, Oct 24- Another LME Week, the annual pilgrimage of the global metals industry to London, has come and gone. It is a time-honored tradition, and on the surface at least this one was no different from those of previous years. The champagne flowed as freely as ever at the cocktail parties hosted by Triland Metals and Mitsui Bussan Commodities at the Dorchester...

  • SHANGHAI/ HONG KONG, Oct 23- Squeezed between cut-throat competition from online financing firms and rising funding costs, China's midsize banks are falling out of investors' favor as they increasingly lag behind the country's top five lenders. China's five biggest banks are Industrial and Commercial Bank of China Ltd, China Construction Bank Corp,...

  • Cramer Remix: Cheap stocks galore Thursday, 23 Oct 2014 | 7:27 PM ET
    Jim Cramer on Mad Money.

    No wonder they keep buying back so much stock, says "Mad Money" host Jim Cramer.

  • Boeing: Cramer clears the air Thursday, 23 Oct 2014 | 6:32 PM ET
    A Boeing ground test crewmember examines a Boeing 787 Dreamliner after its first flight at Boeing Field In Seattle, Dec. 15, 2009.

    The "Mad Money" host takes a look at what caused the drop in price for Boeing, and suspects management isn't to blame.

  • Bernstein Research said this week that about a third of U.S. shale production would be uneconomical if oil prices were to fall to $80 per barrel. E&P industry needs $90 NYMEX, about $100 Brent, oil prices to maintain the current oil rig count of 1,500-1,600 rigs, which is intrinsic to our U.S. oil production outlook. MORNINGSTAR INC "Our analysis suggests that the...

  • Oct 23- Under Armor Inc warned that its sales growth would slow next year as the scorching increase in sales of its sports apparel eases off due to cooling demand for its popular outdoor clothing designed to retain body heat. "As UA's apparel revenue base grows larger, it may become more challenging for the company to consistently maintain its 20 percent- plus...

  • Midday movers: Deere, GrubHub, Lazard, Pfizer & more Thursday, 23 Oct 2014 | 12:50 PM ET

    Some of Thursday's midday movers:

  • Europe closes higher; earnings in focus Thursday, 23 Oct 2014 | 11:34 AM ET

    European shares enjoyed a late-stage rally after better-than-expected economic data and in spite of worries over lackluster earnings.

  • MOSCOW, Oct 23- Pressure is growing on Russia's central bank to adopt more radical measures to defend the tumbling rouble, such as interest rate rises, but there is no easy fix. The bank's board meets on Oct. 31 to discuss monetary policy and there is growing speculation it may soon raise rates to support the rouble, which is being hit by plunging oil prices and Western...

  • US stock futures surge amid earnings, claims data Thursday, 23 Oct 2014 | 8:41 AM ET

    U.S. stock index futures are pointing to a sharply higher open on Wall Street after Caterpillar reported better-than-expected earnings.

  • Earnings in focus as stocks look to recover Thursday, 23 Oct 2014 | 6:06 AM ET

    U.S. stock index futures are pointing to a higher open on Wall Street on Thursday after better-than expected global PMI data.