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Credit Suisse Group AG

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  • Banks including Goldman Sachs Group Inc, Citigroup and Morgan Stanley are looking to hire more bankers in India and are now regularly attending "bake-offs" to pitch for advisory roles on deals, according to several banking industry sources. Foreign money has been pouring into India's fast-growing e-commerce sector, with investors ranging from Japan's...

  • NEW YORK, May 8- Vadian Bank AG has become the second of what are expected to be dozens of Switzerland- based private banks to reach a deal with the U.S. Department of Justice under a voluntary disclosure program for assisting Americans in evading taxes. Gallen, in northeast Switzerland, accepted accounts that were forced out of other Swiss banks in 2008 after it...

  • LONDON, May 8- Crude oil prices edged down on Friday, set for their first weekly decline in more than a month as concerns over a global supply glut outweighed strong Chinese crude imports. Benchmark Brent crude was at $65.44 per barrel at 0915 GMT, 10 cents lower after hitting a session high of $66.01. "The small drop in U.S. production in recent weeks certainly does not...

  • SINGAPORE, May 8- Oil fell on Friday, erasing gains earlier in the session, as concerns over oversupply outweighed strong Chinese import figures. Benchmark Brent crude was at $65.42 per barrel at 0500 GMT, down 12 cents after hitting a session high of $65.75. U.S. crude was 22 cents lower at $58.72 a barrel.

  • SINGAPORE, May 8- Oil prices stabilised on Friday, following a steep fall in the previous session, as the demand outlook in Asia remained healthy despite slowing economic growth. Thomson Reuters Oil Research and Forecasts said early indicators showed that seaborne crude flows into Asia would be around 80-82 million metric tonnes in May, broadly steady with...

  • *Reflation putting end to deflation scare. SYDNEY/ LONDON, May 6- A rapid revival of commodity prices and a sudden sell-off in top-rated, low-yielding bonds have signalled the passing of this year's global deflation scare, forcing a rethink of both the consumer price outlook and investments worldwide. "There has been a profound easing in financial conditions...

  • *EU exit would be harmful for UK economy, Thiam says. LONDON, May 6- Prudential will post "very strong" first-half earnings, outgoing chief executive Tidjane Thiam said on Wednesday, as the insurer reported an 11 percent decline in new business profit in the first quarter. Thiam, who leaves at the end of the month to run Credit Suisse, said a healthy performance in...

  • SYDNEY, May 6- A sudden sell-off in safe-haven bonds, and an equally rapid revival in resource prices, could herald the end of the dog days of deflation and a return to the more reflationary world of old. A positive spin on this would be that the European Central Bank's massively expanded campaign of asset-buying is working far more quickly than even optimists...

  • *Selloff in government bonds from Germany to Australia. As bond yields rose sharply from Germany to Australia in recent days, stock markets began to flounder. An index of Asian shares have fallen 3 percent after hitting a more than seven-year high on April. 29. On Wednesday, MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.3 percent, while...

  • Thailand takes a hammer to the baht Tuesday, 5 May 2015 | 7:08 PM ET

    Thailand's baht has long out-muscled regional peers, but amid a stumbling economy, the central bank has pulled the plug on supporting the currency.

  • *Quarterly net profit 1.98 bln Sfr vs 1.1 bln Sfr in poll. ZURICH, May 5- Switzerland's UBS reported its biggest quarterly profit in nearly five years on Tuesday, justifying the bank's decision to refocus on wealth management and slim down its investment bank. Inflows of cash from rich customers in Asia and a surge in foreign exchange dealing after the Swiss...

  • JAKARTA, May 5- Indonesia's economic growth in the first quarter slumped to its weakest annual pace since 2009, leaving its central bank in a bind as rising inflationary pressures and a faltering currency crimp its ability to jump-start Southeast Asia's biggest economy. "Sequential growth momentum probably has bottomed in the first quarter already but the...

  • Indonesia’s growth stumbles in first quarter Tuesday, 5 May 2015 | 3:48 AM ET

    Indonesia's economy stumbled, with first-quarter growth below expectations, amid signs the government's stimulation efforts may be falling short.

  • Did the BOJ just buy itself more time? Sunday, 3 May 2015 | 7:02 PM ET

    The BOJ’s surprise move to push back the date for achieving its inflation target may signal it's trying to buy time before easing policy again.

  • Reflecting this uncertainty, analyst valuations vary widely, with Morgan Stanley predicting it may start with a market worth of A $8.5 billion and Investec around $12 billion. But if commodity prices are weak, it's going to be a bit more problematic, "said Paul Xiradis, chief executive of Ausbil Investment Management, a BHP Billiton Ltd shareholder.

  • Insurer Prudential names new CEO to replace Thiam Friday, 1 May 2015 | 9:02 AM ET
    Tidjane Thiam

    British insurer Prudential has appointed Mike Wells, head of its U.S. business,as its new chief executive to replace Tidjane Thiam.

  • Russia looks set to extend import ban on Western food Thursday, 30 Apr 2015 | 7:43 AM ET

    MOSCOW, April 30- Russia looks likely to extend a ban on Western food imports beyond an Aug. 7 deadline, with a lack of incentive to lift its embargo due to the prospect of extended European sanctions. The ban on most food imports from the United States, European Union and other countries worth $9 billion is due to run out on Aug. 7, a year after it was imposed in...

  • *Euro surges above $1.12 ahead of euro zone inflation. LONDON, April 30- World stock markets and the dollar remained in a sharp sell-off mode on Thursday, having been jolted sharply lower by weak U.S. growth data and cautious comments from the Federal Reserve. Jefferies' global equity strategist Sean Darby said markets were now having to readjust fast to the...

  • MOSCOW, April 28- Russia's central bank is expected to further trim its main lending rate on Thursday following a sharp rally in the rouble and as inflation expectations ease. Central bank Governor Elvira Nabiullina said earlier this month that the stronger rouble should allow the bank to lower its key rate. "We scaled down our expectations for a rate cut from...

  • Japan industrial output falls, but still tops forecasts Wednesday, 29 Apr 2015 | 7:56 PM ET

    Japan's industrial production fell 0.3 percent in March, coming in well above the 2.3 percent decline that had been forecast in a Reuters poll.