Credit Suisse pays down debt to calm investors
Credit Suisse will buy back up to 3 billion Swiss francs ($3 billion) of debt, an attempt by the Swiss bank to show its financial muscle and reassure investors concerned about the lender’s overhaul and how much it may cost.
Samsung quarterly profit set to slump 25%, first decline in nearly three years
Samsung Electronics Co Ltd’s (005930.KS) third-quarter profit could tumble 25%, the first year-on-year decline in nearly three years, as an economic downturn saps demand for electronic devices and the chips that power them.
Analysis: As British lender HSBC considers Canada unit sale, antitrust issues loom
As British lender HSBC Plc explores a potential sale of its Canadian unit, lawyers and analysts say the country’s concentrated banking market could discourage big domestic banks from bidding as the government has charged the antitrust regulator to push for more competition.
Global bond funds see biggest outflows in two decades
Global bond funds saw the biggest outflows in two decades in the first three quarters of this year as hefty interest rate increases by central banks to tame inflation sparked fears of a recession.
Morning Bid: Oil and jobs
World markets calmed a bit on Wednesday after a tumultuous couple of weeks – but a focus on energy prices and U.S. employment promised more tension ahead.
Exclusive: GE lays off workers at onshore wind unit as part of turnaround strategy
General Electric Co is laying off workers at its onshore wind unit as part of a plan to restructure and resize the business, which is grappling with weak demand, rising costs and supply-chain delays, four sources familiar with the move said.
On news that the business is abandoning ambitions to increase new iPhone production, Apple shares decline!
Apple shares dipped roughly 3% on Wednesday after it was reported that the company has informed suppliers to cancel plans to raise iPhone 14 manufacturing. According to Bloomberg, demand for the new models did not exceed expectations. According to the source, Apple would no longer aim to raise manufacturing by 6 million devices in the […]
Digital Transformation- A Dynamic and Complex Path To Business Success!
Nitesh Singh believes that digital transformation is an exciting field to be in as more and more companies are building a digital footprint or touchpoints with their customers, and software development is being used to solve the world’s problems. Digital marketplaces will disrupt major industries over the coming years, which is why he is passionate […]
“We believe in making education affordable to all”- Mr. Syam Kumar
Mr. Syam Kumar, please accept our congratulations on your experience in Offshore medical schools and international higher education. Thank you for giving me the opportunity for this discussion. Offshore medical school is a very exciting domain to be in. While offshore medical school is a terminology widely used by schools operating in the Caribbean region […]
Ericsson says no hardware exported to Russia, only software support
Ericsson (ERICb.ST) said on Friday it is only providing software and technical support to Russian clients and has not sold any telecommunications equipment to mobile operators there since the Ukraine war started, after Swedish media reported the company had continued its exports.
