Credit Suisse pulls out of South Africa in global shift — sourcesCredit Suisse has pulled out of South Africa after more than a decade as part of Chief Executive Tidjane Thiam's bank-wide revamp, three sources with knowledge of the matter said. Switzerland's second...
Firepower for US stocks may lose spark as Democrats gain cloutThe US stock market may be facing the remainder of Donald Trump's presidential term with the prospect of less juice to supercharge it. Stock returns have been fueled the past year by Trump's corporate...
Oil prices dip amid well-supplied market, Iran sanction waiversOil prices dipped on Wednesday as rising output and US sanction waivers that allow Iran’s biggest buyers to keep taking its crude reinforced the outlook for a well-supplied market. Front-month Brent c...
ABN Amro hints at dividend hike after third-quarter profit beatDutch lender ABN Amro aims to increase dividend payouts, after its third-quarter net profit beat analysts' expectations with an 8 percent rise on the back of a strong economy. Net profit was 725 milli...
S&P says Gulf countries need to raise $300 billion by 2021Gulf Cooperation Council (GCC) countries will need to raise about $300 billion(228.71 billion pounds) between 2018 and 2021, with Saudi Arabia having the largest financing requirements, according to r...
BMW quarterly profit dips in ‘volatile’ timesGerman high-end carmaker BMW on Wednesday posted a steep drop in quarterly profit as new EU emissions tests, global trade tensions and costly recalls weighed on the bottom line. The Munich-based group...
Digitalisation cuts labour costs, services inflation: ECB studyThe adaption of digital technologies reduces labour costs and weighs on the prices of services, the European Central Bank said on Wednesday in a study based on a survey of large firms in the euro zone...