Finance

Back in December, Credit Suisse announced an additional round of cuts in Switzerland, as well as plans to restructure its business in order to return to profitability after losing close to $3 billion. Thiam also stated: "2016 was the first full year of implementing our new strategy and it was a challenging and busy 12 months". The share sale "is a very good option, it's on the table", Chief Executive Officer Tidjane Thiam said in a Bloomberg Television interview Tuesday.
  • Palestinian prisoner reportedly begins another hunger strike

    Palestinian prisoner reportedly begins another hunger strike

    Finance

    Ashraf al-Qedra, spokesman for the Gaza health ministry, told reporters that at least three civilians were lightly to moderately injured in the air strikes. There was no immediate claim of responsibility in Gaza for the rocket attack. The Israel Defense Forces hit three Hamas targets in the Gaza Strip on Monday afternoon, hours after a rocket fired from Gaza struck an open field just over the Israel-Gaza border.
  • Euro could slide 10 percent on Le Pen victory - JPMorgan

    Finance

    Le Pen's campaign promises indicate that she is "convinced that Trump and the Brexit vote in Britain point to the return of nationalism, while recent domestic events in France's unpredictable election race could also help her", The Local reports.
  • Nordstrom plans to drop Ivanka Trump's fashion line

    Nordstrom plans to drop Ivanka Trump's fashion line

    Finance

    Other companies targeted for carrying the Ivanka Trump brand include Amazon, Macy's and LL Bean. "In this case, based on the brand's performance we've decided not to buy it for this season", it says. Hours after Nordstrom announced it had cut ties with Ivanka Trump's brand , the first daughter's fashion line has disappeared from Neiman Marcus' website.
  • NCLAT rejects Cyrus Mistry's plea against Tata Sons' EGM on Feb 6

    Finance

    On January 31, the Mumbai bench of National Company Law Tribunal (NCLT) had refused to grant a stay on the EGM. NCLAT judges, however, did not pass an order on Tata Sons shareholder meeting on Feb 6 and clear its position of maintainability of the case before starting his arguments on the main petition, so that he could appeal against any adverse decision.
  • Lockheed, Pentagon reach deal on next 90 F-35s

    Lockheed, Pentagon reach deal on next 90 F-35s

    Finance

    The deal includes two F-35C jets created to deploy from carriers for the Navy, a dozen F-35B vertically-launched fighters for the Marines and allied nations, plus 76 F-35A jets that use conventional runways and are bound for the Air Force and allies.
  • Hudson's Bay In Preliminary Talks To Take Over Macy's

    Finance

    Cowen and Company said in an analyst note that Macy's has attractive qualities for a buyer, including a low a price to earnings valuation of 10 times, $2.8 billion of free cash flow and a large real estate portfolio. Share of Macy's were up more than seven per cent, trading at $32.99 U.S. on the New York Stock Exchange. Earlier this week, reports surfaced that Macy's outgoing CEO Terry Lundgren was becoming more willing to sell the store chain he's headed for 13 years to avoid a looming ...
  • Army expected to approve easement for DAPL

    Finance

    The controversial project, which is meant to bring oil from North Dakota's Bakken shale region to IL, runs adjacent to the Standing Rock reservation in the southern part of North Dakota. " We stand ready to fight this battle against corporate interest superseding government procedure and the health and wellbeing of millions of Americans ".
  • Ordinary Arsenal choke in loss to Watford

    Finance

    All in all, a disastrous night for Arsene Wenger and his team, made even more frustrating by the fact Chelsea dropped two points at Anfield. We couldn't have had a worse start to the game, with Watford scoring 2 goals in the first 15 minutes.
  • Volkswagen overtakes Toyota as world's best-selling brand

    Finance

    The company announced this milestone amid VW's emission cheating scandal, which sparked a global criticism and multiple lawsuits. VW enjoyed bigger increase in China sales than Toyota thanks to a tax reduction. In 2011, the Japanese auto maker slipped back due to the tsunami that hit Japan and the consequent damage and destruction it caused to production facilities, suppliers and of course, cars that were already ready to be dispatched.
  • Higher Germany inflation raises pressure on European Central Bank to tighten monetary policy

    Finance

    Yields on lower-rated euro zone government bonds rose sharply on Monday after data showing inflation in Germany hit a 3 1/2-year high stoked talk of an unwinding of monetary stimulus, though German yields fell as investors sought safety. The central bank now buys EUR80 billion of euro-zone bonds a month in an effort to stoke growth and inflation across the region. In October 2016, German 10-year bond yields jumped from -0.14% to +0.20% after talk that the European Central Bank was ...