Credit Suisse Stories
Wall Street rises on upbeat data
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.
Home Depot says worst of housing crisis over
Home Depot Inc raised its 2009 profit forecast as the biggest home-improvement chain said Wednesday it sees better margins this year through improved efficiencies.
U.S. recovery hopes face doubts on jobs, mortgages
The United States may have hit a bump on the road to economic recovery, according to data released on Wednesday, with half a million private sector jobs lost in May and mortgage applications falling last week in the face of rising interest rates.
Stocks under pressure; dollar rebounds
European stocks fell and Wall Street was set for a weaker start on Wednesday as investors turned cautious after economic optimism pushed world stocks to fresh 7-1/2 month highs and sterling to 2009 peaks earlier.
Global stocks under pressure after rally
European stocks fell on Wednesday and government bonds ticked higher after investors turned cautious after optimism about the global economy pushed world stocks to fresh 7-1/2 highs and sterling to 2009 peaks earlier.
Stock index futures lower ahead of data
U.S. stock index futures pointed to a lower open on Wall Street on Wednesday, as investors were set to take profits ahead of key macroeconomic data on jobs and manufacturing.
Stock index futures lower ahead of key data
U.S. stock index futures pointed to a lower open on Wall Street on Wednesday, as investors were set to book recent gains ahead of key macroeconomic data on jobs and manufacturing.
Stocks under pressure after rally; pound surges
European stocks fell on Wednesday and government bonds ticked higher after investors turned cautious after optimism about the global economy pushed world stocks to fresh 7-1/2 highs and sterling to 2009 peaks earlier.
Abu Dhabi set for windfall on Barclays stake sale
Abu Dhabi on Tuesday sold about 3.5 billion pounds ($5.7 billion) of shares in UK bank Barclays , traders said, to reap a near 1.5 billion pound profit in just seven months.
Japan downgrade puts triple-As in spotlight
Moody's Investors Service stripped the Japanese government of its last triple-A foreign currency credit rating on Monday in a move that could revive market speculation about the creditworthiness of other rich nations, especially the United States.
Lowe's profit tops view
Lowe's Cos Inc posted better-than-expected quarterly profit on Monday as it saw some strength in outdoor projects like gardens and lawns in the spring, even as consumers still shunned big home renovations.
Hong Kong meets largest decline since 1998
The Hong Kong government predicted Friday its gross domestic product (GDP) would contract by 6.5% this year as the government announced that its GDP fell 7.8% in the first quarter of 2009.
Sickly market sparks commercial mortgage feud
As the market for U.S. office, retail and apartment building loans heads south, investors in commercial mortgage-backed securities and servicers of the loans are feuding over how to best save their skins.
Barclays profit up 15 percent on buoyant BarCap
British bank Barclays Plc said first-quarter profit rose 15 percent as strong growth at its investment banking arm made up for a big jump in bad debts as economies worsen, sending its shares to a seven-month high.
Heritage Oil says makes big Iraq find, shares soar
British oil explorer Heritage Oil (HOIL.L: Quote, Profile, Research, Stock Buzz) said on Wednesday it has discovered up to 4.2 billion barrels of oil in the Kurdish area of Iraq, adding to pressure on Baghdad and the autonomous region to unblock a legal impasse stalling oil projects.
UBS wary on outlook but won't need capital hike soon
UBS remained wary on its immediate outlook as it braced for the recession's full impact after a first quarter loss, but its shares rose as resilient capital ratios cut the need for a balance sheet boost.
UBS remains cautious after confirming first-quarter loss
UBS remained wary on its immediate outlook as it braced for the full impact of the recession after confirming it had posted a first quarter loss on yet more writedowns and client withdrawals.
UBS confirms first-quarter loss, remains cautious
Switzerland's largest bank, UBS , confirmed a first-quarter net loss of 2 billion Swiss francs ($1.76 billion) on Tuesday on the back of yet more writedowns, as client withdrawals continued, and said it remained cautious.
Investors lift global stocks, look past banking worry
Investors generally put aside recent worries about the world economy and banking industry woes on Thursday, sending global stocks higher and reversing safety flows into the Japanese yen.
Credit Suisse flies above forecast on big trading gain
Credit Suisse's first-quarter net profit far exceeded forecasts thanks to surprisingly robust trading gains and healthy rich client inflows, making it upbeat about its future while other banks still struggle.
Credit Suisse posts better than expected Q1 profit
Credit Suisse on Thursday posted a net profit of 2 billion Swiss francs ($1.71 billion) for the first quarter, twice as much as expected by analysts, and said it remained optimistic about its prospects.
U.S. consumer sentiment highest since September
U.S. consumers have more confidence in the U.S. economy than they have had since the sudden collapse of Lehman Brothers in September, which caused the near-implosion of the global banking system, a survey showed on Friday.
Qantas Airways shares down, to cut 1750 jobs
Australia’s Largest airline, Qantas Airways, said Tuesday it would cut 1750 job due to the current in the economic crisis, as S&P cuts its rating from BBB+ to BBB.
UBS cuts 8,700 jobs
UBS AG will cut its staff by 11 percent as it moves to stem losses and client withdrawals, its chief executive said on Wednesday, warning Switzerland's No.1 bank still faces an uncertain future.
UBS slashes 8,700 jobs
UBS AG will cut 11 percent of staff as it tries to stem losses and client withdrawals, its new chief executive said on Wednesday, warning that Switzerland's largest bank still faces an uncertain future.
Credit Suisse to open second back office in India
Credit Suisse plans to set up its second back office in India by September and hire 350 staff by 2010 as it aims to reduce costs, the Swiss bank said on Wednesday.
UBS cuts 8,700 more jobs
UBS made a first-quarter loss and will cut another 11 percent of staff, its new chief executive said on Wednesday, warning that Switzerland's largest bank still faces an uncertain future.
UBS to cut more jobs: analyst
Swiss banking giant UBS is likely to cut upwards of 10000 jobs as it succumbs to the global financial meltdown.
More UBS job cuts seen, 240 axed in Asia-Pacific
Swiss bank UBS is cutting 3 percent of its Asia-Pacific staff, in what banking sources said was part of a fresh round of global job cuts at the crisis-hit bank.
UBS to cut 240 jobs in Asia-Pacific as regions slow
Swiss bank UBS said it will cut 240 jobs in Asia-Pacific to cut costs, as Asian economies slow in a global financial crisis.