[ad_1] FRANKFURT, March 18 (Reuters) – UBS (UBSG.S) is examining a takeover of Credit Suisse (CSGN.S) that could see the Swiss government offer a guarantee against the risks involved, said…
Tag: RES
Valneva now expects recommendation on COVID-19 vaccine by April
[ad_1] Company previously raised prospect of March approval Could supply up to 60 mln doses under EU deal, including options Says to address a few more questions from EMA within…
Panama sees limited risk from US, European bank problems
[ad_1] PANAMA CITY, March 16 (Reuters) – Panama’s risk of contagion from banking woes in the United States and Europe is “very limited”, an official with banking regulator SBP said…
Explainer: Credit Suisse: How did it get to crisis point?
[ad_1] March 16 (Reuters) – Credit Suisse (CSGN.S) said on Thursday it would borrow up to $54 billion from the Swiss central bank to shore up liquidity after a slump…
Swiss central bank pledges to back Credit Suisse
[ad_1] ZURICH/FRANKFURT, March 15 (Reuters) – Switzerland’s central bank pledged on Wednesday to fund Credit Suisse (CSGN.S) with liquidity “if necessary,” a first for a global bank since the financial…
Credit Suisse hits record low, biggest backer says can’t put up more money
[ad_1] ZURICH, March 15 (Reuters) – Credit Suisse (CSGN.S) shares slid on Wednesday, dropping by as much as 10.5% to a new record low, as its largest investor said it…
South Africa’s Growthpoint posts marginal rise in distributable income
[ad_1] JOHANNESBURG, March 15 (Reuters) – South Africa’s Growthpoint Properties Ltd (GRTJ.J) on Wednesday its said half-year distributable income rose by 1.3%, but warned that growth is expected to be…
Sweden’s H&M to lay off 1,500 staff in drive to cut soaring costs and rescue profits
[ad_1] H&M to cut 1,500 jobs as part of cost-cutting drive The firm is challenged by stiff competition and rising costs Books restructuring charge of $75.8 mln in fourth quarter…
Moody’s changes outlook on U.S. banking system to ‘negative’
[ad_1] March 14 (Reuters) – Ratings agency Moody’s Investors Service on Tuesday changed its outlook on the U.S. banking system to “negative” from “stable” after the collapse of three major…