Credit Suisse lifts profit with surprise equity trading gains
Credit Suisse set a positive tone for this quarter’s European bank results on Wednesday, lifting its net profit as gains in equities and deeper ties between trading and private banking helped offset lower revenue.
World shares fall as China stimulus worries offset upbeat Credit Suisse earnings
World shares took a step back on Wednesday as signals that China has put broader stimulus on hold offset positive results from Credit Suisse, which kicked off the earnings season for European investment banks.
Samsung plans $116 billion investment in non-memory chips to challenge TSMC, Qualcomm
Samsung Electronics Co Ltd plans to invest $116 billion in non-memory chips through 2030, to cut its reliance on the volatile memory chip market and develop chips to power self-driving cars and AI-enabled devices.
Airline SAS offers free rebooking of flights as pilot strike looms
Scandinavian airline SAS is offering travelers concerned about a possible strike by pilots the chance to reschedule flights for the April 26-29 period to another date free of charge.
Hyundai Motor bets on U.S., South Korea sales as profit beats consensus
South Korea’s Hyundai Motor unveiled a promising outlook for sales at home and in the United States, and also reported its first rise in profit in five quarters, in an early sign of recovery even as it battles a slump in China.
Top U.S. officials to hold trade talks in China next week
U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will travel to Beijing for trade talks beginning on April 30, the White House said in a statement on Tuesday.
New round of U.S. tariffs a ‘modest’ hit for euro area: ECB
A new round of tariffs between the United States and its main partners would only cause a “modest decrease” in the pace of economic growth in the euro zone, according to research by the European Central Bank.
Wirecard lands $1 billion investment from Japan’s Softbank
Japan’s Softbank Group Corp will invest around 900 million euros ($1 billion) in Wirecard in a convertible bond deal that could give it a 5.6 percent stake in the German digital payments company.
Adding to Ghosn woes, Nissan slashes profit outlook to near-decade low
Nissan Motor Co slashed its full-year profit forecast to its lowest in nearly a decade due to weakness in the United States, just as it adjusts to life without Carlos Ghosn and charts its future with alliance partner Renault SA.
Asian shares fall despite strong Wall Street; oil retreats
Equity markets in Asia faltered on Wednesday amid losses in South Korea and uncertainty over China’s plans for further stimulus as the economy shows signs of regaining its footing.
