US natgas falls on banking rout-led risk sell-off NEW YORK: US natural gas futures dropped more than 5% on Wednesday, pressured by a broader sell-off across financial... Published 16 Mar, 2023 06:01am
Business & Finance Dollar gains in safe-haven buying NEW YORK: The dollar rose on Wednesday on safe-haven buying after Credit Suisse’s stock tumbled following the... Published 16 Mar, 2023 06:01am
Business & Finance Credit Suisse slump leads Europe bank rout as SVB fallout grows PARIS: Credit Suisse shares hit a record low on Wednesday in a rout of European bank stocks, as investor concerns... Published 16 Mar, 2023 06:01am
Markets Wall St drops as Credit Suisse sparks fresh bank selloff U.S. stocks dropped on Wednesday as turbulence at Credit Suisse renewed fears of a banking crisis, while data... Published 15 Mar, 2023 09:37pm
Business & Finance Credit Suisse slides in Europe bank rout as SVB fallout grows European bank stocks slumped on Wednesday, with embattled Credit Suisse tumbling as much as 30% to another record... Published 15 Mar, 2023 09:33pm
Markets London stocks drop as Credit Suisse crisis reignites bank selloff London stocks extended declines as Swiss lender Credit Suisse’s drop to a record low in the aftermath of Silicon... Published 15 Mar, 2023 07:45pm
World Futures price toss up on likelihood of Fed rate hike next week Traders of futures tied to the Federal Reserve’s policy rate have dialed back their bets the U.S. central bank will... Published 15 Mar, 2023 06:59pm
Business & Finance Credit Suisse sheds nearly 25%, key backer says no more money ZURICH: Credit Suisse lost almost a quarter of its value on Wednesday, dropping to a new record low after its... Published 15 Mar, 2023 04:59pm
Markets Credit Suisse flags ‘material weaknesses’ in financial reporting ZURICH: Credit Suisse released its delayed annual report on Tuesday in which it identified “material weaknesses” in... Published 14 Mar, 2023 02:17pm
Markets Credit Suisse shares sink 14% to new record low ZURICH: Credit Suisse shares plunged by more than 14 percent on Monday to hit a new historic low, as the markets... Published 13 Mar, 2023 03:44pm
Business & Finance Credit Suisse obtains key approval to launch wealth business in China HONG KONG: Credit Suisse has received regulatory green light from China after years of waiting to launch a... Published 13 Mar, 2023 06:15am
Markets Global bank shares sink over US fears PARIS: The world’s biggest banks took a stock market beating on Friday as signs of trouble at a US regional lender... Published 10 Mar, 2023 03:31pm
Markets Credit Suisse shares hit new all-time low as banks hit by US fallout ZURICH: Credit Suisse shares hit a new all-time low in early trading on Friday as the European banking sector... Published 10 Mar, 2023 02:29pm
Markets Former top Credit Suisse shareholder sells full stake in bank Harris Associates, one of Credit Suisse’s major shareholders, has sold its stake in the Swiss bank over the past few... Published 06 Mar, 2023 11:33am
Business & Finance Credit Suisse shares sink after biggest loss since 2008 financial crisis GENEVA: Credit Suisse stocks plunged nearly 15 percent on Thursday as the scandal-plagued Swiss banking giant posted... Published 10 Feb, 2023 03:56am
Markets Credit Suisse posts $7.9bn net loss for 2022 GENEVA: Credit Suisse expects to post a substantial loss this year after the beleaguered bank on Thursday reported a... Published 09 Feb, 2023 11:52am
Markets Adani Enterprises shares suspended as price slumps again MUMBAI: Shares in the flagship firm of beleaguered Indian tycoon Gautam Adani were repeatedly suspended on Friday as... Published 03 Feb, 2023 11:11am
Business & Finance ASML beats earnings forecasts VELDHOVEN (Netherlands): ASML Holding NV, Europe’s largest technology company, beat fourth-quarter earnings... Published 30 Jan, 2023 05:56am
Business & Finance Global banks cut jobs as cost pressures mount LONDON: Global banks are in the process of cutting at least 5,000 jobs as profits at lucrative investment banking... Published 16 Jan, 2023 06:18am
Business & Finance UBS has no desire to buy Credit Suisse, chairman tells newspaper ZURICH: UBS has no interest in buying fellow Swiss lender Credit Suisse, the bank’s Chairman Colm Kelleher said in a... Published 14 Jan, 2023 10:38am
Markets European shares slip for fifth day BENGALURU: European shares fell for the fifth straight session on Thursday, bogged down by weakness in banks and... Published 09 Dec, 2022 05:58am
World Saudi crown prince eyes investment in Credit Suisse spin-off: report ZURICH: Saudi Crown Prince Mohammed bin Salman is considering investing around $500 million in a new Credit Suisse... Published 05 Dec, 2022 06:35pm
Business & Finance Credit Suisse expects Q4 pre-tax loss of $1.6bn ZURICH: Credit Suisse stocks tumbled again Wednesday after announcing it expects a surprise fourth-quarter pre-tax... Published 23 Nov, 2022 05:48pm
Business & Finance Credit Suisse expects pre-tax loss of 1.5bn euros ZURICH: Credit Suisse – which has launched a radical overhaul – said Wednesday it expected a pre-tax loss of up to... Published 23 Nov, 2022 01:50pm
Markets Credit Suisse’s Swiss investment bank to be spared in overhaul ZURICH: The Swiss arm of Credit Suisse’s investment bank will be largely unaffected by the restructuring plan the... Published 18 Nov, 2022 10:08am
Markets Credit Suisse to sell securitised products to US investment firm Apollo ZURICH: Credit Suisse has struck a deal to sell a large part of its securitised products to US investment firm... Published 15 Nov, 2022 12:56pm
Opinion Credit Suisse overhaul Credit Suisse’s recent decision to exit certain investment banking activities is drawing scrutiny from at least ... Published 12 Nov, 2022 06:36am
Markets Credit Suisse cuts 8 jobs in Southeast Asia, part of Asia job cuts SINGAPORE: Credit Suisse has cut eight jobs in its Southeast Asia investment banking and capital markets team, two... Published 11 Nov, 2022 11:56am
Life & Style Starbucks plans to tap young, wealthy customers to weather recession Starbucks Corp topped Wall Street estimates for quarterly comparable sales and profits on Thursday, saying it will... Published 04 Nov, 2022 05:52pm
Business & Finance S&P downgrades Credit Suisse Group, Moody’s cuts some ratings ZURICH: S&P Global Ratings has downgraded Credit Suisse Group’s long-term issuer credit rating by one notch to... Published 02 Nov, 2022 03:34pm