By Noele Illien, John O’Donnell and Davide Barbuscia ZURICH/NEW YORK (Reuters) – After months of reflecting, Credit Suisse’s chairman Axel…
Oil settles higher on strong crude demand, easing recession fears
By Laura Sanicola (Reuters) -Oil rose more than $1 a barrel on Thursday, extending the previous day’s rally of nearly…
Swiss watchdog to monitor Credit Suisse strategy rollout
ZURICH (Reuters) – Credit Suisse has taken measures to reduce risks and improve its capital situation, Swiss banking supervisor FINMA…
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…
China’s digital yuan stands out in cross-border pilot in a show of global ambition
By Georgina Lee and Samuel Shen HONG KONG/SHANGHAI (Reuters) – China’s digital yuan took the centre stage in the world’s…
UAE wealth fund ADIA reports strong 2021 returns, restructures internally
By Yousef Saba DUBAI (Reuters) – The Abu Dhabi Investment Authority (ADIA), one of the world’s largest sovereign wealth funds,…
Analysis-Ford, VW pop the automated-vehicle bubble with Argo AI exit
By Paul Lienert DETROIT (Reuters) – The road map to fully self-driving vehicles is being rewritten once again, this time…
Turkish competition board fines Meta Platforms $18.6 million
By Ebru Tuncay ISTANBUL (Reuters) – Turkey’s competition authority has fined Facebook parent Meta Platforms Inc 346.72 million lira ($18.63…
Weak dollar, big U.S. crude exports buoy oil markets
By David Gaffen NEW YORK (Reuters) – Oil prices surged nearly 3% on Wednesday, bolstered by record U.S. crude exports…
Intel’s Mobileye unit valued at $22 billion as shares cruise higher
(Reuters) -Shares of Mobileye Global Inc are up 30% in early afternoon trading on Wednesday following its U.S. debut, valuing…