By Emma-Victoria Farr LONDON – Credit Suisse has hired a senior Oliver Wyman adviser as vice chairman of investment banking and capital markets, according to a memo seen by Reuters.…
ZURICH – Swiss asset manager GAM Holding has returned the full value and more of a fund linked to shuttered supply chain finance firm Greensill, it told employees in an…
BERLIN – Opel plans on hiring several hundred temporary workers to help deliver its new Astra model, a spokesperson told German paper Wirtschaftswoche on Thursday, in part to compensate for…
TOKYO – Japan’s services sector activity contracted at the fastest pace in five months in January in a sign businesses faced pressure from a record surge in new coronavirus infections…
NEW YORK – A U.S. Treasuries yield curve inversion this time around may not be the perfect predictor of a recession, a Credit Suisse strategist said on Wednesday, as the…
– Scarce supply of raw materials for electric cars could slow the transition from fossil-fuel burning vehicles to electric ones, Mercedes-Benz Chief Executive Ola Kaellenius said in an interview with…
MADRID – Washington is willing to discuss promising not to deploy ground-launched missiles or combat forces in Ukraine if Russia agrees to do the same, according to confidential documents that…
– Private equity firms Blackstone Inc and Carlyle Group Inc are in talks about potentially teaming up on a bid for Swiss drugmaker Novartis’ generics unit, Bloomberg News reported on…
By Tina Bellon – Some vehicles equipped with automated assistance technology aimed at keeping drivers alert and watching the road fail at that job, an American Automobile Association study found…
TOKYO – Japan’s manufacturing activity grew at the fastest pace in nearly eight years in January on stronger output and new orders, while cost pressures stayed elevated as firms continued…
By Kate Chappell KINGSTON – Jamaica will roll out its digital currency across the country in the first quarter of this year as part of an effort to lower transaction…
NEW YORK – The U.S. Treasury yield curve is expected to be completely flat by mid year as the U.S. Federal Reserve hikes interest rates but growth is called into…
NEW YORK – U.S. public pension funds will likely have to switch to more aggressive investment strategies in the coming years to fill funding gaps despite assets held by sovereign…
By Kavya Guduru – Oil prices will build on a strong start to the year with geopolitical risks to supply complementing a strong demand rebound as fears over the impact…
BERLIN – Czech billionaire Daniel Kretinsky is set to accept a takeover offer for Germany’s Aareal Bank from three financial investors, according to a source. The buyout group, which includes…
TOKYO – Japan’s consumer confidence fell in January for a second month, the government said on Monday, as the rapid spread of the Omicron coronavirus variant dampened shoppers’ mood. A…
LONDON – British businesses are scaling back plans for pay rises and hiring, but almost half intend to increase the prices they charge customers as they seek to manage rapidly…
By Krystal Hu – Elliott Management Corp and Vista Equity Partners are close to buying Citrix Systems Inc in a deal that values the U.S. cloud computing company at about…
MOSCOW – Russia will ask NATO to clarify whether it intends to implement key security commitments, Foreign Minister Sergey Lavrov said on Sunday, after Moscow said the alliance’s response to…
BEIJING – China’s factory activity contracted at the sharpest rate in 23 months in January, underscoring the huge economic costs from the country’s zero-COVID approach as surging cases and tough…
– The Federal Reserve could supersize an interest rate increase to half a percentage point if inflation remains stubbornly high, Atlanta Fed President Raphael Bostic told the Financial Times in…
– Myanmar’s economy will remain critically weak for much of 2022 and will be “severely tested” by the impacts of a coup a year ago, but there are recent signs…
WASHINGTON – The U.S. House of Representatives committee probing the deadly Capitol riot last year has issued a subpoena for Judd Deere, who served as one of former President Donald…
PARIS – French investigators are preparing to go to Saudi Arabia soon as part of their investigation into incidents targeting French nationals that marred last month’s Dakar sports car rally,…
MEXICO CITY – AT&T’s top executive in Mexico has urged the government to place limits on its telecom rival America Movil and keep it out of new markets to ensure…