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UBS to Dispose of Riskiest Credit Suisse Loans to Asian Clients

UBS to Dispose of Riskiest Credit Suisse Loans to Asian Clients

-- UBS is planning to dispose billions of dollars in loans to Credit Suisse's clients in the Asia-Pacific region as the Swiss lender works to reduce risks from the defunct lender....
Today at 04:14 am
Birkenstock :  an $8 billion IPO?

Birkenstock: an $8 billion IPO?

L Catterton is set to launch an initial public offering of Birkenstock as early as September that could value the iconic footwear maker at more than $8 billion, according to people with knowledge of...
July 31, 2023 at 02:29 pm
Moody's economist :  "The United States will not experience a recession this year"

Moody's economist: "The United States will not experience a recession this year"

Mark Zandi, chief economist at Moody's Analytics, says inflation is slowing encouragingly and will continue to moderate, as he believes the Federal Reserve has done all it needs to do. On the health...
July 31, 2023 at 09:33 am
INTERVIEW - Andrew Forrest, Fortescue Metals :  We'll get out of countries that ignore climate change

INTERVIEW - Andrew Forrest, Fortescue Metals: We'll get out of countries that ignore climate change

As Rishi Sunak announced the approval of dozens of new oil and gas exploration and production licenses in the North Sea, Fortescue's Executive Chairman Andrew Forrest said he would withdraw his...
July 31, 2023 at 07:48 am
US to Give Taiwan $345 Million in Arms

US to Give Taiwan $345 Million in Arms

The US will be supplying Taiwan with $345 million in defense equipment, services and training, risking a backlash from China.   ...
July 31, 2023 at 05:19 am
Germany :  only economic contraction among G7 countries

Germany: only economic contraction among G7 countries

The German economy has gone from recession to stagnation: it is the only G-7 economy expected to contract this year. With gloomy data, unfavorable demographics and increased industrial competition...
July 28, 2023 at 04:53 pm
INTERVIEW - Ralph Schlosstein, Chairman of Evercore :  M&A down 40% due to interest rates

INTERVIEW - Ralph Schlosstein, Chairman of Evercore: M&A; down 40% due to interest rates

Ralph Schlosstein, CEO and founder of Evercore , an investment banking advisory firm, discusses the impact of interest rates on mergers and acquisitions, which are down 40% in the first half of the...
July 28, 2023 at 04:37 pm
INTERVIEW - Francisco Blanch, BofA :  The oil market has reached an inflection point

INTERVIEW - Francisco Blanch, BofA: The oil market has reached an inflection point

After 5 weeks of gains, oil is holding steady at around $80 a barrel. This potentially marks an inflection point, according to Francisco Blanch, head of commodities research at Bank of America , who...
July 28, 2023 at 03:29 pm
INTERVIEW - Pat Gelsinger, INTEL :  Encouraging results, but Intel's turnaround is not yet complete

INTERVIEW - Pat Gelsinger, INTEL: Encouraging results, but Intel's turnaround is not yet complete

Intel CEO Pat Gelsinger discusses the chipmaker's second-quarter performance and outlook. While Intel recorded two good quarters in a row, there is still some way to go, particularly in the...
July 28, 2023 at 01:51 pm
INTERVIEW - David Burritt, CEO of US Steel Corp :  the IRA has been a boon to the manufacturing industry

INTERVIEW - David Burritt, CEO of US Steel Corp: the IRA has been a boon to the manufacturing industry

The Biden administration's Inflation Reduction Act has been a boon to the country's manufacturing industry, according to David Burritt, CEO of US Steel Corp , who says he is very optimistic about the...
July 28, 2023 at 12:14 pm
INTERVIEW - Eva Berneke, CEO of Eutelsat :  Has OneWeb been overvalued?

INTERVIEW - Eva Berneke, CEO of Eutelsat: Has OneWeb been overvalued?

Eva Berneke, CEO of European satellite provider Eutelsat, talks about the fast-growing satellite connectivity market and the acquisition of OneWeb to compete with Elon Musk's Starlink in the low-Earth...
July 28, 2023 at 07:41 am
INTERVIEW - Patti Poppe, CEO of PG&E :  rate increases, investments, future prospects

INTERVIEW - Patti Poppe, CEO of PG&E;: rate increases, investments, future prospects

Patti Poppe, CEO of PG&E;, talks about the increase in energy rates to finance investments in new technologies and undergrounding, as well as the slightly lower-than-expected quarterly results. She...
July 28, 2023 at 07:07 am
INTERVIEW - Ynon Kreiz, Mattel CEO :  Films are opportunities for the group's franchises

INTERVIEW - Ynon Kreiz, Mattel CEO: Films are opportunities for the group's franchises

Ynon Kreiz, Chairman and CEO of Mattel, talks about the company's business strategy and the Barbie movie. Movies are full of opportunities for the group's franchises: Hot Wheels, Barney, Thomas and...
July 28, 2023 at 06:37 am
INTERVIEW - Bill Winters, CEO of Standard Chartered :  Solid results, higher forecasts, share buybacks

INTERVIEW - Bill Winters, CEO of Standard Chartered: Solid results, higher forecasts, share buybacks

We're very pleased with the results and things are going pretty well, said Standard Chartered Plc Chief Executive Bill Winters, discussing the bank's financial results and the state of Asian...
July 28, 2023 at 05:08 am
INTERVIEW - Steven Zaat, Air France-KLM :  The Group reports its best quarter ever!

INTERVIEW - Steven Zaat, Air France-KLM: The Group reports its best quarter ever!

Air France-KLM has reported better-than-expected second-quarter results, with operating income up 90% to 733 million euros, against a backdrop of strong demand for air travel. CFO Steven Zaat reported...
July 28, 2023 at 04:52 am
INTERVIEW - Arno Antlitz, Volkswagen :  "With XPeng, we're catching up in EVs"

INTERVIEW - Arno Antlitz, Volkswagen: "With XPeng, we're catching up in EVs"

Volkswagen is very optimistic about the overall outlook for the automotive market in the EU and the US, despite some delivery delays due to supply chain bottlenecks, which are expected to clear in the...
July 27, 2023 at 01:33 pm
Gary Gensler - SEC :  "The crypto-currency market is rife with frauds and scammers!"

Gary Gensler - SEC: "The crypto-currency market is rife with frauds and scammers!"

Gary Gensler, Chairman of the Securities and Exchange Commission , warns investors that the crypto-currency market is riddled with frauds and scammers. He warns that exchange platforms are trading...
July 27, 2023 at 12:54 pm
LONG INTERVIEW - Gary Gensler, SEC :  AI, cybersecurity, equity market reforms, cryptocurrencies

LONG INTERVIEW - Gary Gensler, SEC: AI, cybersecurity, equity market reforms, cryptocurrencies

SEC Chairman Gary Gensler discusses the use of artificial intelligence by brokers and asset managers, equity market reforms and the future of crypto-currency regulation.    ...
July 27, 2023 at 12:28 pm
INTERVIEW - Jean-Jacques Morin, Accor CEO :  Solid results, driven by Asia, and potential takeover of Potel et Chabot

INTERVIEW - Jean-Jacques Morin, Accor CEO: Solid results, driven by Asia, and potential takeover of Potel et Chabot

Jean-Jacques Morin, Deputy CEO of French hotel chain Accor, talks about the rebound in tourism, driven by Asia. The improvement comes from prices and occupancy rates, he says, with 15-20% growth in...
July 27, 2023 at 11:02 am
Christine Lagarde, ECB :  the role of data in interest rate decisions

Christine Lagarde, ECB: the role of data in interest rate decisions

Christine Lagarde, President of the European Central Bank, discusses the role data will play in the bank's interest rate decisions in the future. We're moving to a stage where we're going to depend on...
July 27, 2023 at 10:11 am
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