KT earnings miss, Revenue Inline in Q2
Investing.com - KT reported on Tuesday second quarter {{erl-39284||earnings that missed analysts' forecasts and revenue that was inline with expectations. KT announced earnings per share...
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Credit Suisse News & Analysis
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POSCO earnings, Revenue beat in Q2
Investing.com - POSCO reported on Tuesday second quarter {{erl-21260||earnings that beat analysts' forecasts and revenue that topped expectations. POSCO announced earnings per share of...
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Sanofi Shares Slide After Trials of Potential Breast Cancer Drug Halted
By Scott Kanowsky Investing.com -- Sanofi SA (EPA:SASY) shares slid on Wednesday after the French drugmaker announced that it will halt trials of a new treatment for patients battling...
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Analog Devices earnings, Revenue beat in Q3
Investing.com - Analog Devices (NASDAQ:ADI) reported on Wednesday third quarter {{erl-7869||earnings that beat analysts' forecasts and revenue that topped expectations. Analog Devices...
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TJX earnings beat, Revenue misses in Q2
Investing.com - TJX (NYSE:TJX) reported on Wednesday second quarter {{erl-8227||earnings that beat analysts' forecasts and revenue that fell short of expectations. TJX announced earnings...
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Credit Suisse names former UBS exec as sustainability framework head
(Reuters) – Credit Suisse has appointed James Purcell as head of sustainability framework, according to an internal memo seen by Reuters on Tuesday, as the Swiss bank takes steps to...
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Indian Finance Minister Issues Warnings Regarding Crypto
The Indian finance minister suggested against using cryptocurrency.The law enforcement organization blocked the assets of two crypto exchanges.At a BJP Economic Cell event on Saturday,...
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SpiceJet settles with Max lessor Goshawk Aviation Limited and affiliates
New Delhi, Aug 16 (IANS) SpiceJet (NS:SPJT), the budget airline, has entered into a settlement agreement with aircraft lessor Goshawk Aviation Limited and its affiliated leasing entities,...
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Stock Market Today: Dow Flat as Rebound in U.S. Yields Drags Down Tech
By Yasin Ebrahim Investing.com -- The Dow closed just above the flatline Thursday, as a jump in Disney kept losses in check after tech stocks gave up gains after Treasury yields bounced...
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S&P 500 Pares Gains as Treasury Yields Move Off Lows Despite Easing Inflation
By Yasin Ebrahim Investing.com -- The S&P 500 pared some gains Thursday, as Treasury yields bounced off session lows, but remained supported by further signs of easing inflation and a jump...
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Sanofi and GSK Lead $30 Billion Rout as Zantac Worries Mount
(Bloomberg) -- Sanofi (EPA:SASY) (NASDAQ:SNY), GSK plc (LON:GSK) and Haleon Plc (LON:HLN) extended their declines and have lost a combined $30 billion in market value since Tuesday’s...
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Credit Suisse investor Harris says stake increase reflects reporting change
ZURICH (Reuters) – Credit Suisse shareholder Harris Associates’ increased holding in the Swiss bank reflected an adjustment in how it reports stakes to the U.S. regulator, Finanz und...
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Credit Suisse moves English court in $440 million SoftBank dispute
(Reuters) – Swiss lender Credit Suisse Group AG sought the English High Court last week to initiate formal legal proceedings against Japan’s SoftBank Group Corp over a $440 million...
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Credit Suisse’s top investor Harris Associates discloses 10% stake
(Reuters) – Credit Suisse’s top shareholder Harris Associates on Wednesday disclosed a stake of more than 10% in the Swiss bank.
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Gold Price Forecast: XAU/USD to see next resistance at $1,842 on a convincing break of 55-DMA – Credit Suisse
Gold price tested the $1,800 mark for the first time in over a month on Tuesday. Economists at Credit expect the yellow metal to eye the 200-day movin
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AUD/USD to remain under pressure whilst below 200-DMA at 0.7155 – Credit Suisse
AUD/USD extends its pause. Nevertheless, analysts at Credit Suisse stay bearish whilst below the 200-day moving average (DMA) at 0.7155. Scope for the
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EUR/USD recovery near end; stay bearish for 0.9900 target - Credit Suisse
Credit Suisse discusses EUR/USD technical outlook and maintains a core bearish bias."EURUSD remains below the 38.2% retracement of the May/Jul y fall and recent high at 1.0271 and last...
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Credit Suisse says it has no big exposure to Mexico’s Credito Real
ZURICH (Reuters) – Credit Suisse is not exposed to any large losses among lenders to embattled Mexican firm Credito Real, the Swiss bank said on Saturday, contradicting earlier media...
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3 Fresh Investment Ideas From Credit Suisse With Over 25% Upside
Credit Suisse recently issued a few calls across multiple industries implying serious upside for each stock, but one in particular with over 25% upside.
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Credit Suisse Brazil names Marcello Chilov as CEO
SAO PAULO (Reuters) – The Brazilian subsidiary of Credit Suisse Group AG has appointed Marcello Chilov as its new CEO, the bank said on Friday.
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Credit Suisse at big risk from Credito Real bankruptcy – media
MEXICO CITY (Reuters) – Credit Suisse is among the lenders owed the most money by embattled Mexican finance company Credito Real, which has begun bankruptcy proceedings for $2.6 billion...
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Credit Suisse mulls cutting thousands of jobs globally, report says
(Reuters) -Credit Suisse Group AG is discussing slashing thousands of jobs globally, Bloomberg News reported on Thursday, citing people familiar with the matter.
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Credit Suisse in revival mode, may cut thousands of jobs globally
The bank, which began trimming front line roles in Asia last month, is mulling an aggressive plan to reduce its headcount, which stood at 51,410 at the end of June
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Credit Suisse hit with stock and credit downgrades after earnings plunge
Credit Suisse shares slipped on Wednesday after Goldman Sachs downgraded the stock to "sell" following credit rating downgrades from Moody's and S&P.
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Credit Suisse shares falter on bleak ratings news
(Reuters) – Shares of Credit Suisse fell more than 6% on Tuesday after ratings agencies Moody’s and S&P’s “negative” outlook on the Swiss bank, days after it appointed a new top boss to...
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3 Credit Suisse Picks With Up to 75% Upside
Credit Suisse recently issued a few calls across multiple industries implying serious upside for each stock, but one in particular with over 75% upside.
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: Credit Suisse shares dive toward record low after credit downgrades
Moody's trimmed the lender’s senior unsecured debt from Baa1 to Baa2 and kept its negative outlook. S&P Global cut credit outlook from stable to negative.
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After Jefferies and Credit Suisse, Kotak Institutional Equities turns bullish on Zomato; sees 75% upside potential
Zomato does not have an identifiable promoter and is a professionally managed company. In such cases, entire pre-IPO equity is locked in for 12 months from the date of allotment of shares,...
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Credit Suisse names new CEO as losses widen
Koerner previously worked at Credit Suisse in different roles between 1998 and 2009 after which he worked at rival bank UBS between 2009 and 2020.
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Credit Suisse Tries to Turn the Page---Again
Credit Suisse is still struggling to get its house in order. A new leader will help, but the job is getting harder.
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Restructuring whiz Koerner lands in Credit Suisse CEO hot seat
By Oliver Hirt ZURICH (Reuters) – Ulrich Koerner, a Porsche fan and rally driver, will need all his navigation skills to steer loss-making Credit Suisse towards profitability as the...
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Credit Suisse ADR earnings, Revenue miss in Q2
Investing.com - Credit Suisse (SIX:CSGN) ADR reported on Wednesday second quarter {{erl-20740||earnings that missed analysts' forecasts and revenue that fell short of...
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European Stocks Rise Amid Fed Decision Expectations, Earnings Glut
By Scott Kanowsky Investing.com -- European stocks opened higher on Wednesday, as traders await a key Federal Reserve policy decision and digest a fresh batch of corporate earnings. At...
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European Stock Futures Higher; Fed Decision, Bank Earnings in Focus
By Peter Nurse Investing.com - European stock markets are expected to edge higher at the open Wednesday as investors prepare for a key Federal Reserve meeting while quarterly corporate...
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Credit Suisse Names Ulrich Körner CEO and Launches Strategic Revamp
The bank will undertake a new review to pare back the investment bank more and slash overall costs.
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Credit Suisse names Koerner as CEO, sets strategic review
ZURICH (Reuters) – Credit Suisse named asset management expert Ulrich Koerner as its new chief executive on Wednesday, the latest sign of churn at the Swiss bank that announced a...
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Credit Suisse swaps out CEO, launches strategy review amid big Q2 loss
ZURICH (Reuters) -Credit Suisse named asset management expert Ulrich Koerner as its new chief executive, the latest sign of churn at the Swiss bank that on Wednesday announced a sweeping...
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Credit Suisse expected to announce Koerner as CEO, replacing Gottstein – sources
NEW YORK (Reuters) – Credit Suisse Group AG is expected to announce Ulrich Koerner as its new chief executive officer, replacing Thomas Gottstein, two sources familiar with the situation...
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Credit Suisse to name Ulrich Korner as its next CEO – FT
(Reuters) – Credit Suisse is set to announce Ulrich Korner as its new chief executive officer, replacing Thomas Gottstein, the Financial Times reported on Tuesday.
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Credit Suisse CEO to step down from embattled investment bank, WSJ says
The Zurich-based bank will soon announce the departure of Gottstein after a series of embarrassing mishaps and unprofitable quarters, according to the Journal.
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The Wall Street Journal: Credit Suisse CEO Thomas Gottstein set to depart
Credit Suisse Group AG is set to announce the departure of Chief Executive Thomas Gottstein, according to people familiar with the bank, part of an effort to turnaround the Swiss bank’s...
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Credit Suisse CEO Thomas Gottstein set to depart – WSJ
(Reuters) -Credit Suisse Group AG is set to announce the departure of Chief Executive Thomas Gottstein, the Wall Street Journal reported on Tuesday, citing people familiar with the...
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Credit Suisse CEO Set to Depart
Chief Executive Thomas Gottstein has headed the Swiss bank since the start of the pandemic and presided over a series of costly mishaps.
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Traeger downgraded after rival grill maker rival Weber announces sales warning
Grill maker Traeger Inc. was downgraded to neutral from outperform at Credit Suisse, with analysts saying that recent news from both Traeger and rival Weber Inc. "suggest a soft start to...
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Credit Suisse sees Eurozone in recession by year-end
The 2022 GDP growth forecast is cut from 2.4% to 2.3% and the 2023 forecast is cut from 0.7% to -0.2%. Of note, Credit Suisse sees negative GDP growth for the euro area through Q3 2022 to Q1...
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All Eyes on Q2 Results as Credit Suisse Looks to Cut Costs
Swiss banking major Credit Suisse (CS) continues to see a bumpy 2022. CS fell short of the Street’s expectations in the past two quarters, and its second-quarter numbers on July 27 are...
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