Oct 31 (Reuters) – Some euro zone countries have eased rules for the banks that manage the trading of their government debt to help them cope with some of the most challenging market conditions in years, officials told Reuters. Out of 11 major euro area debt agencies Reuters contacted, officials in the Netherlands and Belgium …
Europe’s debt market strains force some governments to rework trading rules Read More »
ZURICH, Oct 27 (Reuters) – Credit Suisse plans to raise 4 billion Swiss francs ($4 billion) from investors, cut thousands of jobs and shift its focus from investment banking towards its rich clients, as the bank attempts to put years of scandals behind dog The Swiss lender outlined on Thursday what its chairman Axel Lehmann …
Credit Suisse seeks billions from investors in make-or-break overhaul Read More »
Oct 25 – Tesla Inc (TSLA.O) is under criminal investigation in the United States over claims that the company’s electric vehicles can drive themselves, three people familiar with the matter said. The US Department of Justice launched the previously undisclosed probe last year following more than a dozen crashes, some of them fatal, involving Tesla’s …
Exclusive: Tesla faces US criminal probe over self-driving claims Read More »
Consumer confidence index falls 5.3 points to 102.5 Labor market differential drops to 32.5 from 38.1 House price gains slow further in August WASHINGTON, Oct 25 (Reuters) – US consumer confidence ebbed in October after two straight monthly increases amid rising concerns about inflation and a possible recession next year, but households remained keen to …
Inflation worries hurt US consumer confidence; house prices decelerating Read More »
NEW YORK, Oct 22 (Reuters) – Nasdaq Inc (NDAQ.O) has put the brakes on initial public offering (IPO) preparations of at least four small Chinese companies while it investigates short-lived stock rallies of such firms following their debuts, according to lawyers and bankers who work on such stock launches. The stock exchange operator’s actions come …
Nasdaq halts IPOs of small Chinese companies as it probes stock rallies Read More »
Some Fed officials show desire to slow down hikes -WSJ Twitter, Meta fall after Snap’s ad warning AmEx, Verizon Communications fall after earnings Dow up 2.47%, S&P 500 up 2.37%, Nasdaq up 2.31% NEW YORK, Oct 21 (Reuters) – US stocks surged to close out the trading week on Friday after a report said the …
Wall Street ends higher as hopes for less aggressive Fed growth Read More »
TOKYO/LONDON/NEW YORK, Oct 21 (Reuters) – Japanese authorities likely intervened in markets to stem the slide of the country’s battered currency on Friday, market participants said, following an unexpected jump in the yen against the dollar. The yen rose as high as 144.50 per dollar on Friday, up more than 7 yen from a 32-year …
Japanese yen jumps as traders suspect intervention Read More »
Oct 20 (Reuters) – Sales of existing US homes slid for an eighth straight month in September and will likely fall further in the months ahead as the housing market continues to stand out as the economic sector absorbing the hardest hit from the Federal Reserve’s aggressive interest rate hikes. The broadly weak report from …
US existing home sales slide again in September; jobless claims fall Read More »
Bank of America, BNY benefit from rising interest rates Growth stocks jump as Treasury yields fall Goldman Sachs up on report of major business overhaul Dow up 1.95%, S&P 500 up 2.76%, Nasdaq up 3.53% Oct 17 (Reuters) – US stocks rallied on Monday after Britain reversed course on an economic plan, while Bank of …
Wall Street jumps after BofA results, UK reversal Read More »
Settlement ends bank’s largest outstanding RMBS case Credit Suisse says settlement is fully covered by provisions The bank still has five cases to resolve Expects to resolve outstanding cases in next six months ZURICH, Oct 17 (Reuters) – Credit Suisse (CSGN.S) has agreed to pay $495 million to settle a case related to mortgage-linked investments …
Credit Suisse pays $495 million to settle legacy US case Read More »
