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Credit Suisse Group AG

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  • FRANKFURT, March 26- Rock-bottom interest rates could erode insurers' earnings power and financial strength for years to come, putting an end to a string of stronger-than-expected rises in dividends, analysts said in reports published on Thursday. Moody's said life insurers in Germany, the Netherlands, Norway and Taiwan were the most exposed to interest rate...

  • HOUSTON, March 24- Despite a 50 percent slide in crude prices since last summer, U.S. shale oil producers are enjoying remarkably easy access to capital markets and this will allow them to avoid getting squeezed when banks reset their loans in April. "Because the capital markets are so good companies that are more worried about their borrowing base are able to......

  • BILLINGS, Mont.— One-time billionaire and Yellowstone Club founder Tim Blixseth owes almost $74 million in back taxes, penalties and interest in Montana, state revenue officials said Tuesday, after a tax board ruled that the real estate mogul diverted huge sums from the luxury resort for personal use. Revenue officials said the Washington state resident and...

  • NEW YORK, March 22- Government bond issuers are adopting new standards intended to thwart a strategy that's plagued Argentina for 13 years, in which buyers snap up distressed debt for pennies on the dollar and then hold out for full payment after other investors have agreed to restructure. Driving the move to change is the situation in Argentina, lawyers and...

  • FRANKFURT, March 21- Deutsche Bank's retail operations will bear the brunt of its planned restructuring and will most likely be spun off in a stock market listing, two sources familiar with internal discussions at Germany's biggest bank said on Saturday. The proposal marks a dramatic shift from Deutsche Bank's "universal" strategy that sees it sell everything...

  • Apigee's filing on Friday comes nearly two months after the successful listing of online storage company Box Inc and a day after Web-hosting company GoDaddy Inc's proposed IPO valued it at up to $2.87 billion. Apigee, whose customers include AT&T Inc, eBay Inc and Adobe Systems Inc, acquired predictive analytics company InsightsOne in January last year.

  • With cross-border tensions exacerbated by pro-democracy Hong Kong protests, tour groups visiting Hong Kong from China plunged about 80 percent in early March. While daytrippers from just outside Hong Kong continue to buy daily essentials there, Chinese travellers with cash to burn are homing in on places like South Korea and Japan. That's bad news for Hong...

  • US STOCKS-S&P 500 ends lower in Fed rally reversal Thursday, 19 Mar 2015 | 4:29 PM ET

    *Energy shares lower on dollar strength, oil oversupply concern. *Guess posts strong quarterly earnings, shares rally. NEW YORK, March 19- U.S. stocks fell on Thursday as a stronger dollar weighed on oil and other commodity prices, sending energy and materials sectors lower.

  • Iron ore gloom chills Fortescue bond sale Thursday, 19 Mar 2015 | 4:37 AM ET

    NEW YORK/ MELBOURNE, March 19- A treacherous snowstorm snarled flights the day Fortescue Metals Group's CFO touched down in New York on a mission to tap the loan market for $2.5 billion to help the world's no.4 iron ore miner ride out collapsing iron ore prices. The timing was terrible- as Stephen Pearce battled through the frigid Manhattan weather, another squall...

  • *Nintendo, DeNA soar on tie-up plan. *Hopes for change in Japan firms underpin market. TOKYO, March 19- Japanese share prices slipped from 15- year highs on Thursday, as investors took profits on recent gainers such as financial shares, which could suffer from a fall in Japanese bond yields.

  • Thailand's outdated tech sector clouds economy Wednesday, 18 Mar 2015 | 7:35 PM ET

    Thailand's economy is at risk as electronics manufacturers ditch the country's outdated facilities for cheaper alternatives in neighboring countries.

  • Thailand's outdated tech sector casts cloud over economy Wednesday, 18 Mar 2015 | 5:00 PM ET

    BANGKOK, March 19- Next month the last batch of televisions will roll off the production line at LG Electronics' plant in Thailand's Rayong province, just east of Bangkok. The move is part of a downward trend for Thailand's once-booming electronics industry, that is struggling to find a foothold in the global supply chain for modern technology like smartphones...

  • UPDATE 1-Goldman Sachs BDC shares fall in market debut Wednesday, 18 Mar 2015 | 10:16 AM ET

    March 18- Shares of Goldman Sachs BDC Inc, the first business development company backed by an investment bank to go public in the United States, fell 2.5 percent in their market debut. Credit Suisse Group AG's Credit Suisse Park View BDC is looking to raise $500 million in a non-traded IPO this year, according to a filing. Goldman Sachs BDC's portfolio ranges from...

  • SYDNEY/ NEW YORK, March 18- Australia's Fortescue Metals Group Ltd, the world's fourth-largest iron ore miner, pulled a $2.5 billion high-yield bond issue after investors rattled by tumbling ore prices balked at the offer, sending its shares to six-year lows. The scrapped refinancing deal is the latest sign of anxiety about massive oversupply in the iron ore...

  • NEW YORK, March 18- More than half of the 17 senior managing directors working in Blackstone Group LP's mergers and acquisitions advisory arm may leave as the business is combined with the advisory firm headed by star Wall Street investment banker Paul Taubman, according to people familiar with the matter. Since he left a senior role at Morgan Stanley in 2012 to...

  • Fortescue scraps $2.5B refinancing bond issue Wednesday, 18 Mar 2015 | 12:04 AM ET

    Fortescue has pulled a $2.5 billion high-yield bond issue after a weak response from investors worried about tumbling iron ore prices.

  • SYDNEY/ NEW YORK, March 18- Fortescue Metals Group Ltd, the world's fourth-largest iron ore miner, has pulled a $2.5 billion high-yield bond issue after a weak response from investors worried about tumbling iron ore prices. Fortescue, which had net debt of $7.5 billion at Dec. 31, had been looking to push out any debt repayments by up to four years to 2021 and cut its...

  • NEW YORK/ SYDNEY, March 18- Fortescue Metals Group Ltd, the world's fourth-largest iron ore miner, has pulled a $2.5 billion high-yield bond issue after a weak response from investors who were concerned about a sharp drop in iron ore prices. Investment banks Credit Suisse and JP Morgan, lead managers for the issue, had first tried to arrange refinance for Fortescue...

  • Alibaba loses its magic ahead of lockup expiry Tuesday, 17 Mar 2015 | 6:37 PM ET

    Banks are slashing their expectations for the world's biggest e-commerce company ahead of Wednesday's lockup expiration, citing challenges to growth.

  • WASHINGTON/ LONDON, March 17- The British units of foreign banks could be required by UK regulators to submit to annual health exams for the first time, banking and industry sources said, potentially bringing Britain's policies into line with those of the U.S. The UK's Prudential Regulation Authority has recently started asking foreign banks to submit data, the...