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Credit Suisse Group AG

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  • MOSCOW, Nov 21- The rouble strengthened sharply in thin trade on Friday, heading for weekly gains of over 3 percent against the dollar, as oil prices recovered and exporters sold small amounts of foreign currency to meet their tax payments. "Exporters are selling as little as they can, but there simply isn't a strong foreign currency bid like there was before," said...

  • HONG KONG, Nov 20- Profit-taking and queasiness about the rules blighted trading via the Shanghai- Hong Kong stock connect this week after a brisk first day when mostly hedge funds and private banks snapped up all the available mainland shares within hours. The scheme, which lets foreign investors directly invest in Shanghai- listed shares for the first time and...

  • HONG KONG, Nov 20- Profit-taking and queasiness about the rules blighted trading via the Shanghai- Hong Kong stock connect this week after a brisk first day when mostly hedge funds and private banks snapped up all the available mainland shares within hours. The scheme, which lets foreign investors directly invest in Shanghai- listed shares for the first time and...

  • Nov 19- Miner Cliffs Natural Resources Inc may file for creditor protection in Canada to insulate itself from closure costs and liabilities at its Canadian operations, analysts said. On Wednesday, Cliffs said it might have to close its Bloom Lake iron ore mine in Quebec at a cost of up to $700 million as it struggles to find funds to expand the project.

  • UPDATE 1- Alibaba will sell debut bond on Thursday Wednesday, 19 Nov 2014 | 3:12 PM ET

    NEW YORK, Nov 19- Chinese e-commerce giant Alibaba will sell its first-ever bond on Thursday, a jumbo trade expected to be around US $8 bn in size that comes just two months after the company's record IPO. Alibaba, which has been sounding out investors this week in Asia, Europe and the US for what will be one of the most sought-after trades of the year, announced the deal...

  • *Enel selling Endesa shares at 13.5- 13.8 euros- sources. *Enel selling minimum of 17 pct of Endesa. MILAN, Nov 19- Italy's biggest utility Enel is on track to raise up to 3.2 billion euros from the sale of shares in its Spanish subsidiary Endesa, three sources with knowledge of the deal said on Wednesday.

  • Nov 17- Halliburton Co will buy Baker Hughes Inc for about $35 billion in cash and stock, creating an oilfield services behemoth to take on market leader Schlumberger NV as falling oil prices threaten to erode demand. Halliburton said the offer was worth $78.62 per Baker Hughes share, based on Halliburton's closing on Nov. 12, when it was first disclosed that the...

  • Euro zone, gold vote test Swiss central bank Sunday, 16 Nov 2014 | 5:57 PM ET

    The Swiss National Bank faces the biggest test of its cap on the franc in two years.

  • *Euro crisis prompted 1.20 euro cap on Swiss franc. ZURICH, Nov 16- The Swiss National Bank faces the biggest test of its cap on the franc in two years but may find it easier to defend now than when euro zone breakup fears were rampant and the strategy unproven. The franc rose to its strongest level since September 2012 on Friday, brushing up against the 1.20 euro limit...

  • DIARY - Top economic Events to Nov 27 Friday, 14 Nov 2014 | 7:01 PM ET

    BRUSSELS- ECB President Mario Draghi will be at the Quarterly Hearing before the Committee on Economic and Monetary Affairs of the European Parliament in Brussels- 1400 GMT. CHICAGO- Federal Reserve Bank of Chicago President Charles Evans gives welcome and opening remarks before the "Annual Agriculture Conference: Farm Income's Impact on the Midwest" at the...

  • WASHINGTON, Nov 14- Credit Suisse AG will face a public hearing over whether or not the U.S. government should allow the Swiss bank to manage Americans' retirement funds after its decision to plead guilty to tax crimes. The U.S. Department of Labor on Friday solicited public input for a Jan. 15 hearing on whether to issue its recommended 10- year exemption for Credit...

  • NEW YORK, Nov 13- The private equity owners of Hostess Brands LLC are planning to put the maker of Twinkies and Ding Dongs up for sale in early 2015, potentially valuing it at more than $1.7 billion, including debt, according to people familiar with the matter. Apollo Global Management and C. Dean Metropoulos, which bought Hostess Brands out of bankruptcy for $410...

  • US companies hire at fastest pace in 7 years Thursday, 13 Nov 2014 | 10:22 AM ET

    WASHINGTON— U.S. companies ramped up hiring in September, and more Americans were confident enough to quit their jobs— two signs of a steadily improving economy. More than 5 million people were hired in September, the most since December 2007 when the recession began, the Labor Department said Thursday. "If this pickup is sustained it will add to the evidence that...

  • Global banks entering higher-stake phase of forex probes Wednesday, 12 Nov 2014 | 7:36 PM ET

    WASHINGTON/ NEW YORK, Nov 12- The $4.3 billion in civil settlements struck Wednesday between six global banks and U.S. and U.K. authorities over foreign exchange market manipulation sets the stage for negotiations over related ongoing probes that could bear much more severe consequences. Citigroup, UBS, HSBC, Royal Bank of Scotland, JPMorgan Chase& Co and Bank of...

  • DIARY - Top economic Events to Nov 26 Wednesday, 12 Nov 2014 | 7:01 PM ET

    WASHINGTON- Federal Reserve Chair Janet Yellen gives welcome remarks before the European Central Bank, Federal Reserve Board, and Federal Reserve Bank of New York Conference: Global Research Forum on International Macroeconomics and Finance- 1745 GMT. STANFORD- Federal Reserve Bank of Minneapolis President Narayana Kocherlakota speaks on the oil boom in...

  • *Regulator orders UBS to hand over 134 mln Sfr. ZURICH, Nov 12- UBS tried to manipulate foreign exchange benchmarks and staff acted against clients interests, the Swiss watchdog said on Wednesday, ordering the bank to hand over 134 million Swiss francs in a forex probe. The watchdog, which this year appointed ex-UBS banker Mark Branson as its head, said its...

  • Want a top salary? Head up a UK or German bank Tuesday, 11 Nov 2014 | 2:55 AM ET
    Anshu Jain, co-CEO of Deutsche Bank, was Europe's best-paid banking executive in 2013

    Germany is home to Europe’s best-paid bank CEO, according to a ranking that shows little correlation between executive pay and shareholder returns.

  • DIARY - Top economic Events to Nov 24 Monday, 10 Nov 2014 | 7:01 PM ET

    STOCKHOLM- Sveriges Riksbank will release the minutes of October monetary policy meeting- 0830 GMT. WELLINGTON- Reserve Bank of New Zealand releases Financial Stability Report, which assesses the soundness and efficiency of the New Zealand financial system- 2000 GMT. STOCKHOLM- Sweden Financial Stability Council meeting.

  • Weak Korea exports? Don’t blame the yen Monday, 10 Nov 2014 | 5:34 PM ET

    While weakness in South Korea's exports may get laid at the feet of the weak yen, the real cause is likely further afield, Capital Economics said.

  • The company's software helps customers such as Facebook Inc, Twitter Inc, eBay Inc and Amazon.com Inc sort and handle Big Data. Yahoo owns a 19.6 percent stake in Hortonworks while venture capital firm Benchmark Capital Partners holds 18.7 percent. Goldman Sachs& Co, Credit Suisse and RBC Capital Markets were listed as lead underwriters for the IPO, according to...