Credit Suisse bondholders sue Switzerland in the U.S. over $17 billion writedown of AT1 debt
A group of Credit Suisse bondholders filed a lawsuit against the Swiss government, seeking full compensation over the contentious decision to write down the […]
Elliott Takes Big Stake in Southwest Airlines
Elliott Investment Management has built a stake of nearly $2 billion in Southwest Airlines LUV -0.36%decrease; red down pointing triangle and plans to push for changes […]
Turkey competition board fines Google 482 million lira over hotel searches
ANKARA, June 10 (Reuters) – The Turkish competition authority said on Monday that it imposed a fine of around 482 million lira […]
Toyota lost over $15 billion in market value last week after being caught falsifying tests
Shares of Japanese automakers have largely plunged since the country’s transport ministry found false data used to certify certain models a week ago on […]
In the Market: How US is daring the world to find a dollar alternative
June 10 (Reuters) – The United States is merrily chipping away at the pillars that hold up the dollar as the world’s […]
China’s $2.7 trillion stock rally lures global fund holdouts despite risks
NEW YORK – Global fund managers who had been holding back on China are wading back in. The MSCI China Index has climbed […]
Global equity funds rack up robust weekly inflows on rate cut bets
June 7 (Reuters) – Global investors returned to equity funds in the seven days to June 5, powered by optimism that major […]
Hong Kong stocks rise to 10-month highs after China’s property rescue measures
Hong Kong stocks climbed to a 10-month high as Beijing’s latest efforts to salvage the beleaguered property sector boosted sentiment, with some analysts advising […]
Hanesbrands to Sell Champion Brand for Up to $1.5 Billion
Hanesbrands HBI -0.94%decrease; red down pointing triangle has agreed to sell its embattled Champion sportswear business to Authentic Brands Group in a transaction valued at up to […]
Rate cuts will support recovery, ECB’s Rehn says
COPENHAGEN, June 7 (Reuters) – Inflation will continue to decline and interest rate cuts will support economic recovery, Finnish ECB policymaker Olli […]
Banks say growing reliance on Big Tech for AI carries new risks
AMSTERDAM, June 7 (Reuters) – The boom in artificial intelligence will increase banks’ dependence on big U.S. tech firms, creating new risks […]
Azerbaijan hoping to cut emissions with $2 bln green energy investment
BAKU, June 5 (Reuters) – Azerbaijan is hoping to raise the share of renewables across its energy sector to almost a third […]