Swiss bank Credit Suisse on Wednesday reported a 34 percent drop in first-quarter net profit from the same period last year, worse than analysts had expected.» Read More
*China stock valuations near cheapest since at least 2004. *Stock mutual funds turning overweight on China- HSBC. *Investors see China reforms improving growth prospects.
JOHANNESBURG/ LONDON, April 8- As a strike by South African platinum miners enters its eleventh week, the likelihood that employers will bow to demands for better pay is receding and a drastic overhaul of the loss-making industry is looking more inevitable.
April 7- Sheridan Healthcare Inc, a physician services company, has hired banks for an initial public offering, which may raise between $400 million and $500 million, the Wall Street Journal reported, citing people familiar with the matter.
SAO PAULO, April 7- New York- based investment bank Greenhill& Co Inc on Monday said it hired former Goldman Sachs Group Inc dealmaker Rafael Pereira, expanding its mergers and acquisitions unit in Brazil. Prior to Goldman, where he covered the insurance, financial services, healthcare and technology sectors, Pereira was a banker at Credit Suisse Group AG.
NEW DELHI/ MUMBAI, April 8- From convincing sceptical bond investors that the fiscal deficit can be contained to concerns that El Nino will devastate agricultural crops, any new government in India will face urgent and critical challenges with no easy solutions.
*Deal will also let Energen fund Permian basin drilling. *Energen shares up as much as 4 pct, Laclede falls as much as 3 pct. April 7- Energen Corp will sell its 150- year old natural gas utility Alabama Gas Corp to Laclede Group Inc for $1.28 billion in cash, helping it repay debt and fund drilling for oil and gas in the Permian basin.
BRUSSELS, April 7- Thirteen investment banks, including Citigroup, Goldman Sachs and Deutsche Bank, will fight EU charges of blocking exchanges' access to the credit derivatives market at a hearing next month, three people familiar with the matter said on Monday.
Some of Monday's midday movers:
Happy Monday. Market advice: It looks like the mo-mos are no-nos.
ZURICH, April 7- Credit Suisse faces the threat of a new investigation into its role in helping wealthy Americans avoid paying taxes after New York state's top financial regulator requested documents from the Swiss bank.
The Justice Department is nearing the end of an investigation into the role Credit Suisse played in hiding American wealth offshore, the NYT reports.
April 6- Benjamin Lawsky, New York's financial services superintendent, has sought documents from Credit Suisse to examine whether Switzerland's second-biggest bank lied to New York authorities about engineering tax shelters, said a source familiar with the matter.
WASHINGTON— Few people responded to the March jobs report with high-fives and cheers. But there may be reasons to applaud in the months ahead. Hiring in March was close to the economic recovery's steady but hardly explosive monthly average of the past two years: 192,000 added jobs.
There may be a more serious threat to investors than HFT, trading happening away from exchanges.
ANALYSIS-DARK MARKETS MAY BE MORE HARMFUL THAN HIGH-FREQUENCY.
You can fly in your own suite on Singapore Airlines or opt for a budget seat on AirAsia. The airline industry in Asia offers something for everyone.
MILAN, April 3- U.S. fund manager BlackRock, which has been on a shopping spree in Italy over the past six weeks, is now the biggest shareholder in Italian cooperative lender Banco Popolare with a 6.85 percent stake.
*Shares open at $9.86, above IPO price of $9. April 3- Shares of Tarena International Inc, a provider of IT education in China, rose as much as 18 percent in their market debut, valuing the company at about $540 million, underscoring the renewed interest in Chinese stocks among U.S. investors.
Some of the names on the move ahead of the open.
April 2- Belgium's Materialise NV, which provides 3 D printing software to industrial manufacturers and medical equipment makers, filed with U.S. regulators on Wednesday for an initial public offering of American Depositary Shares.