Stocks Credit Suisse Group AG

More

  • "The markets are really hanging onto Janet Yellen's comments about a strengthening economy, particularly in big export countries like Japan, which relies on U.S. consumers to buy its goods," said Gavin Parry, managing director of Parry International Trading. Panasonic Corp gained 1.5 percent while Bridgestone Corp climbed 3.3 percent and Toyota Motor Corp...

  • *Fitch cuts Brazil to BB+ amid economic, political crisis. BRASILIA, Dec 16- Brazil lost its coveted investment-grade rating on Wednesday after Fitch became the second credit agency to downgrade the country's debt to junk status, citing concerns about an economic and political crisis threatening to topple President Dilma Rousseff. Investors barred from...

  • RIO DE JANEIRO, Dec 14- At least eight companies have contacted Brazil's state-run utility Centrais Elétricas Brasileiras SA to express interest in the planned sale of its Celg-D power distribution unit, a source with direct knowledge of negotiations told Reuters on Monday. The companies include China's State Grid Corp, Italy's Enel SpA and Brazilian...

  • LONDON, Dec 14- Royal Dutch Shell expects to slash thousands more jobs to save costs if its takeover of BG Group goes through as planned early next year following a final green light from China. The acquisition, which was announced on April 8 and is biggest in the sector in a decade, has been cleared by China's Ministry of Commerce, Shell said on Monday, after earlier...

  • NEW YORK, Dec 10- Morgan Stanley has agreed to pay $225 million to settle claims that it sold toxic mortgage-backed securities to credit unions that later failed, the National Credit Union Administration said on Thursday. Morgan Stanley did not immediately respond to a request for comment on the settlement, which resolved lawsuits in New York and Kansas.

  • Diamonds are forever; is Anglo American? Thursday, 10 Dec 2015 | 9:16 AM ET

    JOHANNESBURG/ LONDON, Dec 10- Anglo American's plans to shut or sell dozens of loss-making mines have failed to halt a dramatic slide in its share price and it may need to sacrifice stronger parts of the business or raise cash from shareholders to pay down its debt. The company, which grew from gold fields near Johannesburg to dominate diamond, platinum and, to some...

  • LONDON, Dec 10- The Swiss franc rose against the euro on Thursday after Switzerland's central bank kept interest rates on hold at record lows, defying some expectations that it might act to weaken an overvalued currency. The Swiss National Bank kept its target range for three-month Libor at between -1.25 and -0.25 percent as expected, but it said it would remain...

  • JOHANNESBURG, Dec 10- Mining and trading company Glencore has increased its debt reduction target and deepened its capital spending cuts as it fights for survival in the face of low commodity prices, sending its shares up more than 9 percent in early trade. Glencore has come under pressure from investors and credit ratings agencies to cut its net debt of $30...

  • NEW YORK, Dec 10- For the last several years, big U.S. companies have lived by an unswerving rule: buy back shares to increase returns to shareholders. The Fed is expected to raise interest rates at the end of its Dec. 15-16 meeting for the first time in nearly a decade. "A quarter of a percentage point is not going to make much of a difference," said to David Joy, chief market...

  • *Will trim 150 billion euros in assets by 2020. AMSTERDAM, Dec 9- Dutch cooperative bank Rabobank plans to lay off nearly a fifth of its workforce to boost profit and prepare for tougher European banking guidelines, it said on Wednesday. The bank said it would shed 9,000 of its 47,000 staff by 2018 and would cut 150 billion euros worth of assets from its balance sheet...

  • TORONTO, Dec 7- Royal Bank of Canada's shift to put more emphasis on corporate investment banking and reduce its reliance on trading should lower the volatility of its capital markets business, one of its top executives told Reuters on Monday. RBC, Canada's most valuable company by market capitalization, would be comfortable if investment banking accounts for...

  • Dec 7- The U.S. Securities and Exchange Commission is preparing to file charges against Credit Suisse Group AG for inflating reports of assets under management in its private bank, the Financial Times reported, citing people familiar with the case. The SEC will allege that Credit Suisse at times improperly counted client assets in the Americas as net new assets...

  • Dec 7- The U.S. Securities and Exchange Commission is preparing to file charges against Credit Suisse Group AG for inflating reports of assets under management in its private bank, the Financial Times reported, citing people familiar with the case. The SEC will allege that starting in 2012, Credit Suisse at times improperly counted client assets in the...

  • NEW YORK, Dec 4- The average fuel economy of new cars sold in the U.S. in November dropped by 0.1 mile per gallon, continuing a trend that began in August of last year when pump prices began to fall, according to new data by the University of Michigan Transportation Research Institute. Mercedes Benz reported record sales of SUVs in November and Ford expects SUV sales...

  • Dec 4- Barclays Plc plans to cut more jobs in its investment banking unit, a source familiar with the matter said, as the British bank steps up efforts to slash costs and boost profit. Bloomberg reported earlier in the day that Barclays would cut 20 percent more investment banking jobs, citing the bank's Chief Executive Jes Staley. Barclays is midway through a...

  • BRUSSELS, Dec 4- EU antitrust regulators have dropped charges against 13 banks including Citigroup and Deutsche Bank for blocking exchanges from derivatives markets, but will continue their case against data company Markit and trade body ISDA. "This closure does not prejudge the outcome of the Commission's investigation regarding Markit, and ISDA, which is...

  • PARIS/ SINGAPORE, Dec 3- French shipping giant CMA CGM has obtained firm commitments from banks to finance the takeover of Singapore's Neptune Orient Lines, which has a market value of $2.2 billion, two people familiar with the deal said. CMA CGM, which is in exclusive talks to initially buy nearly 67 percent of NOL from state investor Temasek Holdings, has tapped...

  • The company blames the Swiss National Bank's decision on Jan. 15 freeing the franc to rise against the euro for finally bringing climbing rope margins to the breaking point. Mammut's shift illustrates why the franc's stubborn strength despite negative interest rates and SNB intervention has the government and business leaders fearing for Switzerland's...

  • LONDON, Dec 2- The lira rose 0.5 percent against the dollar on Wednesday and stocks rallied to 10- day highs, buoyed by a sharp contraction in Turkey's trade deficit, though most other emerging assets were broadly weaker. MSCI's main emerging equity index pulled back a touch after rising 1 percent on Tuesday after the weak U.S. numbers reinforced belief in a...

  • TOKYO, Dec 2- Japanese stocks were basically flat in choppy trade on Wednesday morning as investors shunned risk, but the benchmark Nikkei average held above the 20,000 point level that it crossed for the first time in more than three months a day earlier. "The movement has been a bit choppy and a little bit disconnected during these past few days, partly because of...