The customer is not always right. Credit Suisse (CSGN.S) Chief Executive Thomas Gottstein has a chance to prove as much in the fight over losses from funds linked to collapsed financier Greensill Capital. Clients are understandably aggrieved, but offering to share the pain would be counterproductive.Credit Suisse Asset Management in March froze $10 billion of…
Home Depot Inc (HD.N) on Tuesday reported a bigger-than-expected 31% jump in quarterly same-store sales, allaying concerns that the top U.S. home improvement chain would see pandemic-fueled demand easing as vaccinations gather steam.The company’s blue-chip stock rose 2.5% in pre-market trading, set to add to the over 20% gains this year.The last 12 months have…
When California stripper Brittney, 26, walked into San Francisco’s reopened Gold Club stripping venue again in April after a year, she was confronted with masked-up dancers and just a clutch of patrons.“My heart just sank. This is just so, so sad,” said Brittney, who asked that her last name not be disclosed to protect her…
Norwegian Air’s (NORR.OL) court-ordered debt reconstruction plan is now legally binding, and the airline expects to complete its financial rescue as planned on May 26, it said on Tuesday. No creditors have filed appeals against the scheme, which was overseen by courts in Norway and Ireland, and the plan is now final and binding, Norwegian…
© Reuters. FILE PHOTO: Governor of the Bank of France Francois Villeroy de Galhau speaks during a news conference at the G7 finance ministers and central bank governors meeting in Chantilly, near Paris, France, July 18, 2019. REUTERS/Pascal Rossignol PARIS (Reuters) – European Central Bank policymaker Francois Villeroy de Galhau said on Tuesday that he…
Japan’s economy has potential to recover though the government will be vigilant to the impact new state of emergency curbs could have on the outlook, Economy Minister Yasutoshi Nishimura said on Tuesday. “The government will act flexibly as needed, tapping into reserves (set aside for COVID-19 response) with a close eye on the pandemic and…
Road blockades connected to weeks of anti-government protests in Colombia will be lifted by security forces in coordination with mayors and provincial governors, President Ivan Duque said on Monday.The sometimes deadly demonstrations, originally called in late April against a now-canceled tax plan, have expanded to include demands like a basic income, an end to police…
Australian Prime Minister Scott Morrison on Tuesday said it was still not safe to allow residents fully-vaccinated for COVID-19 to travel overseas, as industries hit hard by the pandemic press for a faster reopening of international borders.”I understand that everyone is keen to get back to a time that we once knew. But the reality…
Gold prices on Tuesday rose to their highest in more than three months as a weaker U.S. dollar and grwoing inflationary pressure lifted bullion’s appeal as an inflation hedge. FUNDAMENTALS * Spot gold was up 0.2% at $1,868.89 per ounce by 0101 GMT, after hitt…
WASHINGTON – Shortly after meeting at the White House on Wednesday, House Minority Leader Kevin McCarthy, R-Calif., sent an aggressive fundraising text signaling a renewed effort to target his host, the president.”I just met with Corrupt Joe Biden and he’s STILL planning to push his radical Socialist agenda onto the American people,” the text said.McCarthy…
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