ZURICH (Reuters) – Battered by years of scandals and losses, Credit Suisse plans to raise capital, cut thousands of jobs…
IMF and Egypt reach $3 billion, 46-month deal, IMF representative says
CAIRO (Reuters) – The International Monetary Fund (IMF) and Egypt have reached a $3 billion funding deal that will run…
Fed’s soothsayers see signs of an inflation downshift
By Howard Schneider WASHINGTON (Reuters) – Is the U.S. economy stuck with such high inflation that it will take a…
Once wary of immigrants, Canadian town sends out global labor SOS
By Julie Gordon and Allison Lampert OTTAWA/MONTREAL (Reuters) – Herouxville, a small town in Canada’s Quebec, hit the headlines 15…
Venezuela’s oil partners head for the exit, forgoing unpaid debt
By Mariela Nava, Marianna Parraga and Deisy Buitrago CABIMAS, Venezuela (Reuters) – Venezuela is allowing partners in state oil company…
Credit Suisse mulls IPO for CS First Boston – source
ZURICH (Reuters) – Credit Suisse is exploring the possibility of an initial public offering for its CS First Boston spinoff,…
Casino’s potential stake sale in Brazilian Assai ‘saves some time’
By Juliette Portala (Reuters) -French retailer Casino said on Thursday it had launched a study for the potential disposal of…
Investors brush off STMicro CEO’s growth assurances, shares dive
By Mathieu Rosemain PARIS (Reuters) – Investors brushed off upbeat comments by STMicroelectronics’ boss on Thursday after the Franco-Italian chipmaker…
Southeast Asia internet economy forecast cut on economic headwinds
By Chen Lin SINGAPORE (Reuters) – Southeast Asia’s internet economy is expected to be worth $330 billion by 2025, though…
China sees growing risk of weakening external demand in Q4
BEIJING (Reuters) – China’s economy is facing growing risks of slowing external demand in the fourth quarter, a commerce ministry…