Sponsored by Credit Suisse

Spain's Banco Santander has appointed advisers to spin off its Brazilian business in a 2.6 billion-pound ($4.3 billion) initial public offering to create one of Brazil's largest banks, the Financial Times reported.

Health insurer Aetna Inc is looking to sell its pharmacy benefits management business, the Wall Street Journal said, citing several people familiar with the matter.

World stocks rose close to the previous session's nine-month high and oil edged up on Thursday as forecast-beating earnings from major firms raised expectations for a global economic recovery. Swiss bank Credit Suisse's higher-than-expected second-quarter profits and drugmaker Roche's bullish two-year forecast followed solid reports in the United States from Apple and Starbucks on Wednesday.

Morgan Stanley on Wednesday reported a third straight quarterly loss, falling further behind chief rival Goldman Sachs as fixed income and asset management results disappointed.

Warnings that the world economy still faces a rocky road tempered market enthusiasms on Wednesday, with Japan indicating it might need to do more to ease credit pressures and Britain biding its time.

Asian shares inched up to a 10-month peak on Wednesday, but gains were kept in check as investors booked profits in the belief that the run up in stocks had become overstretched.

Investors vexed by losses and shoddy treatment last year are not abandoning hedge funds, as feared, but are making fund managers bend.

Morgan Stanley shook up its fixed-income trading leadership, two days before the Wall Street bank is expected to announce a second-quarter loss.

A U.S. judge delayed the trial of a former Credit Suisse Group AG employee on securities fraud charges to await the return on Monday of a co-defendant who fled to Spain.

A U.S. judge delayed the trial of a former Credit Suisse Group AG employee on securities fraud charges to await the return on Monday of a co-defendant who fled to Spain.

U.S. stocks rose on Monday as troubled lender CIT Group Inc is expected to close a deal with bondholders that could remove uncertainty and point to a healthier financial sector.

Stellar earnings from U.S. banks have raised expectations that European rivals will follow suit in the next month, although rising bad debts have the potential to douse that optimism.

Globe Specialty Metals Inc, a New York-based producer of silicon metal and silicon-based alloys, will price its estimated $112 million initial public offering on July 29, and begin trading on Nasdaq the following day, one of the IPO's underwriters said on Friday.

Ford Motor Co management is focused on reducing company debt, increasing the likelihood of an equity or equity-linked raising of capital within six months to a year, a J.P. Morgan analyst said on Friday.

CIT Group Inc shares rose on Friday, one day after the company said it was in discussions with lenders to secure financing and amid some speculation that it may be sold without the need for a bankruptcy filing.

Investment banking revenues may be driven in coming quarters by mergers and acquisitions (M&A) and equities, as the high-grade fixed income boom draws to a close, Credit Suisse analysts said on Thursday.

A former Credit Suisse trader facing trial on charges of fraudulently selling $1 billion worth of mortgage-backed auction-rate securities, has been arrested after two months on the run, according to a court document made public on Wednesday.

British luxury goods group Burberry met forecasts with a 4 percent fall in first-quarter underlying revenues and said on Wednesday it was taking market share in a tough trading environment.

Aberdeen Asset Management said on Monday it had agreed to sell former Credit Suisse funds with 858 million pounds ($1.38 billion) in assets to Premier Asset Management.

China is at the start of another boom in car sales that is being propelled by rising incomes in third-tier cities and could continue for a few years, JP Morgan said on Wednesday.

The U.S. service sector was still shrinking last month but at a decelerating pace, with activity at the highest since September 2008, when Lehman Brothers' collapse exacerbated the global financial crisis, a report showed on Monday.

The fifth round under the Federal Reserve's TALF program grew to $8.1 billion on Tuesday and is largely being shaped by auto ABS issuers as two new deals join the queue of securities offered ahead of the July 7's subscription deadline.

UBS has moved closer toward ending state involvement in the bank after it raised $3.5 billion of new capital, but must still settle U.S. legal problems and stem client withdrawals to return to health.

UBS , the world's largest wealth manager, said simple market opportunity was behind its decision to seek about 3.8 billion Swiss francs ($3.46 billion) of new capital in a share offer.

Japan's Nikkei stock average extended gains on Monday to rise 0.9 percent as investors were heartened by a broad rise in Asian shares, with car battery maker GS Yuasa Corp rebounding after a sell-off.

The Dow and S&P 500 gained on Thursday, breaking a three-day losing streak, as data on the job market and regional manufacturing revived hopes that the recession-hit economy is stabilizing.

The Dow and S&P 500 gained on Thursday, breaking a three-day losing streak, as data on the job market and regional manufacturing revived hopes that the recession-hit economy is stabilizing.

Stocks gained on Thursday after a recent small pullback as data on the jobs market and regional manufacturing revived hopes that the recession-hit economy is stabilizing.

The Dow and the S&P 500 rose on Thursday following three days of losses as economic data pointing to stabilization in the job market and improving regional business conditions lifted investor sentiment.