Credit Suisse's new chief, Tidjane Thiam, is set to launch a substantial capital raising as part of his strategic plan, the FT reports.» Read More
A technical recession in Switzerland is being confirmed, I'd say we're shaping up for three negative quarters rather than two. The euro zone recession is going to be more and more felt in Switzerland.
ZURICH, Oct 1- The Swiss purchasing managers' index fell to a seasonally adjusted 43.6 points in September from 46.7 points in the previous month, data showed on Monday. ANALYSTS' VIEWS BERND HARTMANN, VP BANK. That Switzerland found itself in a difficult environment was clear but the clear fall in the index is somewhat surprising.
ZURICH, Oct 1- The Swiss purchasing managers' index fell to a seasonally adjusted 43.6 points in September from 46.7 points in the previous month, data showed on Monday. The index is compiled by the Swiss SVME purchasing managers' association and Credit Suisse. For more details of the Credit Suisse/ SVME statement Reuters 3000 Xtra users can click on:.
*Credit Suisse cuts Banco Popular target price to euros 1.45 from. *Credit Suisse raises Banco Sabadell target price to euros 1.50 from. *Credit Suisse raises BBVA target price to euros 6.30 from euros 5.50; rating neutral.
Oct 1- London Stock Exchange Group PLC:. *Credit Suisse cuts London Stock Exchange Group Plc price target to. Reuters Station users, click. 1580.
Oct 1- Weir Group PLC:. *Credit Suisse cuts Weir Group PLC to neutral from outperform. Reuters Station users, click. 1580.
Credit Suisse started coverage of PT Garuda Indonesia Tbk. with an' outperform' and a target price of 900 rupiah, saying the national flag carrier's d i scounted stock price, organic revenue growth and cost cuts make the stock attractive.
HELSINKI, Oct 1- The following stocks may be affected by newspaper reports and other factors on Monday:. The EU Commission has informed the Finnish steel company that the divestment of its Swedish melting and coil operations may not be enough to permit the approval of the Inoxum deal with Thyssenkrupp, Outokumpu said.
*Credit Suisse cuts Nokia to underperform from neutral; target. price to 1.60 euros from 2 euros. Reuters Station users, click. 1580.
JAKARTA, Oct 1- Indonesia's exports slumped more than expected in August while annual inflation eased in September, leading economists to expect the central bank to have room to keep benchmark interest rates at a record low all year.
The U.S. economy should grow in the third quarter, but at a more modest level, railroad CSX CEO Michael Ward, told CNBC’s “Squawk Box.”
Take a look at some of Wednesday’s morning movers.
Earnings season heats up as Intel and Yahoo beat expectations; Hank Greenberg gets a legal victory and the FDA approves Vivus anti-obesity pill.
"Bank recapitalization is a major hot topic in Europe generally and people that can get ahead of that curve it is very positive for them to do so, any move to build capital in European banks is very positive development," Steve Brice, chief investment strategist at Standard Chartered Bank, told CNBC.
Stocks closed higher in choppy trading Tuesday, wiping out the previous session's declines, thanks to better-than-expected earnings reports and as investors remained hopeful that the central bank may still be open to further easing.
Check out which companies are making headlines after the bell Tuesday:
U.S. stock index futures were higher Tuesday following a batch of better-than-expected earnings and as investors speculated Federal Reserve chairman Ben Bernanke may give fresh clues about further stimulus measures on the heels of several weak economic reports pointing to an economic slowdown.
Cramer makes the call on viewers' favorite stocks.
Moody’s has warned that the tendency of global banks to avoid new capital requirement rules and load up on debt will continue to put pressure on their creditworthiness. The Financial Times reports.
Papa Johns soars 17% post earnings, with the FMHR traders. Moshe Orenbuch, Credit Suisse analyst, also discusses whether to buy Visa ahead of its earnings report today after the closing bell.