Credit Suisse pays down debt to ease investor fears

To redeem up to $3 billion in debt Seen as an attempt to reassure nervous investors The move comes weeks before the scheduled overhaul Share up to 3% in the first exchanges ZURICH, Oct 7 (Reuters) – Credit Suisse (CSGN.S) will buy up to 3 billion Swiss francs ($3 billion) of debt, the troubled Swiss … Read more

European club meets in Prague to build ‘new order’ without Russia

PRAGUE, Oct 6 (Reuters) – The European Union wants the 44 countries gathered for an inaugural summit in Prague of the European Political Community (EPC) on Thursday to underline Russia’s international isolation in the face of Moscow’s war in Ukraine, said the bloc’s diplomacy chief. However, the summit will likely be dominated by differences over … Read more

Kim Kardashian Pays $1.26M Fine for Paid Crypto Ad, SEC Says

WASHINGTON, Oct 3 (Reuters) – Kim Kardashian has promoted everything from appetite suppressant lollipops to melon liqueur to toilet paper, but it’s her foray into the murky world of cryptocurrencies that is put in hot water. The reality TV star and influencer has agreed to settle charges of illegally selling a crypto security and pay … Read more

Meta Board Approves Personal Security of Outgoing Executive Sheryl Sandberg

Sep 30 (Reuters) – Meta Platforms Inc said on Friday its board had approved the provision of personal security services to former chief operating officer Sheryl Sandberg, citing “continuing threats to his safety”. The company, however, did not specify what threats Sandberg, one of Silicon Valley’s most powerful women, faces. He plans to continue paying … Read more

Barclays fined US$361m for ‘appalling’ mistake

Sep 30 (Reuters) – British lender Barclays (BARC.L) on Thursday agreed to a $361 million fine with U.S. regulators over “staggering” failures that led it to oversell $17.7 billion worth of products structured, racking up additional costs for a mistake that spoiled CEO CS Venkatakrishnan’s first year in charge. Shares of Barclays were up 2% … Read more

Twitter will interview Elon Musk, known for his combative testimonies

WILMINGTON, Del., Sept 26 (Reuters) – Billionaire Elon Musk’s tendency to slur while being questioned under oath will be tested again this week, when lawyers for Twitter Inc (TWTR.N) are set to interview Tesla Inc ( TSLA .O) CEO on his abrupt decision in July to drop his $44 billion contract for the social media … Read more