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Credit Suisse Group AG

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  • Beijing's glare deepens crisis in Macau Wednesday, 18 Feb 2015 | 4:00 PM ET

    *VIPs avoid Macau during Beijing corruption crackdown. *60-70 percent of Macau casino revenues from high rollers. MACAU/ ZHUHAI, China, Feb 19- China's crackdown on corruption and conspicuous consumption is ever more visible in its impact on Macau, the world's biggest gambling hub, which makes most of its money from the high rollers who are staying away to avoid...

  • JAKARTA, Feb 18- They might be late to the party, but central banks in Southeast Asia are joining the global rush of easier policy, as deflationary pressures create room for them to prop up faltering growth without weakening defences against capital outflows. Indonesia surprised markets with a rate cut on Tuesday, and Singapore eased its policy in January.

  • *Investors hope Greece, EU will agree on extending bailout. TOKYO/ SINGAPORE, Feb 18- The euro held steady on Wednesday, finding some support as investors held on to hopes that Greece will find enough common ground with its euro zone partners and avoid a chaotic exit from the currency union. Although Greece rejected a proposal to request a six-month extension of its...

  • Singapore

    Singapore's 2015 budget will be keenly watched by residents hoping for more financial help and increases in health care spending.

  • Feb 17- Philadelphia Energy Solutions, a joint venture part owned by Carlyle Group LP, filed with U.S. regulators for an initial public offering. The company, which operates the largest refinery on the U.S. East Coast, said BofA Merrill Lynch and Credit Suisse were underwriting the IPO. The filing had a nominal fundraising target of $100 million.

  • Foreign banks plan India boost in growth revival Tuesday, 17 Feb 2015 | 12:45 AM ET

    Foreign private banks are bulking up in India, anticipating new opportunities to advise eager Indian millionaires and on signs of economic revival.

  • Bank of Japan in hot seat to produce inflation Monday, 16 Feb 2015 | 5:55 PM ET

    Now that Japan's economy is officially out of recession, the Bank of Japan's focus will shift back to inflation, analysts say.

  • LONDON, Feb 16- Britain's financial watchdog said it was investigating HSBC following reports it helped clients evade taxes but said it was focusing on the bank's current behavior rather than alleged past abuses. Gary Greenwood, analyst at Shore Capital Stockbrokers, said the focus on current behavior was positive for HSBC if, as the bank said, it had cleaned up...

  • MOSCOW, Feb 16- Looming debt repayments by Russian companies are now central to discussions of Russia's ability to weather the financial shocks caused by low oil prices and Western sanctions, but the picture is more complex than commonly believed. Despite last week's agreement aimed at ending the war in Ukraine, the sanctions are expected to remain for the...

  • *UBS, Credit Suisse expand off-shoring centers in Poland. WARSAW/ KRAKOW, Feb 15- Swiss financial titans UBS and Credit Suisse are expanding their operations in provincial Poland in a cost-saving drive made more urgent by the surge in the value of the Swiss franc. Even before the Swiss central bank abandoned its cap on the currency in January, the cost of taking on...

  • On Wednesday, American Express Co said it would stop offering a co-branded credit card with Costco when its contract with the retailer ends in March 2016. These products are big business for companies such as American Express- nearly a third of the company's purchase volume is on co-branded cards. The official noted that banks that issue Visa or Mastercard...

  • *Credit Suisse, Renault rise after results. LONDON/ PARIS, Feb 12- European stocks hit multi-year highs on Thursday, boosted by a Ukraine peace agreement, Swedish economic stimulus measures and as investors held out hope for a Greek debt deal. The leaders of Germany, France, Russia and Ukraine reached an agreement to end fighting in eastern Ukraine, participants at...

  • Equities bask in "weird world" of negative yields Thursday, 12 Feb 2015 | 12:09 PM ET

    LONDON, Feb 12- Investors are pouring money into stocks as bond yields turn negative, setting aside concerns over whether political events and flagging growth will derail Europe's stock-market rally of the last few years. The gap between the dividend yields on European stocks versus benchmark bond yields is close to a record high of 3 percent, with the number...

  • Europe ends higher; Renault, Credit Suisse surge Thursday, 12 Feb 2015 | 11:44 AM ET

    European equities ended higher on Thursday as investors cheering a peace deal agreed between Ukraine and Russia.

  • *Russia- Ukraine ceasefire deal struck. NEW YORK, Feb 12- A cease-fire between Russian separatists and Ukrainian forces and surprisingly aggressive stimulus from Sweden's central bank injected optimism into global equity markets, which had been numbed by a stalemate over Greece debt negotiations. Investors also took cues from the ceasefire in Ukraine that...

  • ZURICH, Feb 12- Credit Suisse has announced a 25 percent boardroom pay cut and reduced bonuses for other top staff while also setting out a range of measures to tackle the surge in the Swiss franc. As global banks face renewed scrutiny after Britain's HSBC admitted failings by its Swiss private bank that may have allowed customers to dodge taxes, Credit Suisse...

  • *Russia- Ukraine ceasefire deal struck. LONDON, Feb 12- A ceasefire between Russia and Ukraine and a surprisingly aggressive dose of stimulus from Sweden's central bank on Thursday injected life back into world markets, which had been numbed by a stalemate in talks between Greece and its euro zone creditors. They instead pinned hopes on a deal being struck on...

  • ZURICH, Feb 12- Board members of Credit Suisse are taking a 25 percent pay cut and bonuses for top staff are being slashed after a hefty fine from U.S. authorities, the bank said as it also set out a range of measures to tackle the surge in the Swiss franc. Shares in the Zurich- based lender surged more than 9 percent but remained well below their level before the Swiss...

  • *Ct Suisse, Renault rise after results. LONDON/ PARIS, Feb 12- European share indexes hit multi-year highs on Thursday, boosted by a Ukraine peace deal and new economic stimulus measures in Sweden. The leaders of Germany, France, Russia and Ukraine agreed a deal to end fighting in eastern Ukraine, participants at the summit talks said on Thursday.

  • *Russia and Ukraine agree ceasefire. They extended these gains after Russian president Vladimir Putin said Russia and Ukraine had agreed a ceasefire which will take effect from Feb. 15. This came as the International Monetary Fund announced a new $40 billion four-year funding programme for Ukraine.