Investment
Qatar Investment Authority plans to raise stake in Credit Suisse – FT – Reuters.com
Nov 2 (Reuters) – The Qatar Investment Authority plans to raise its stake in Swiss lender Credit Suisse Group AG (CSGN.S) by investing in a share sale alongside the Saudi National Bank (1180.SE), the Financial Times reported, citing people with knowledge of the talks.
The deal will result in up to a quarter of Credit Suisse’s stock being owned by Middle Eastern investors, according to the report published on Wednesday.
Both Credit Suisse and Qatar Investment Authority declined to comment on the report.
The report comes after the embattled lender announced last month that it plans to raise 4 billion Swiss francs ($4.01 billion) from investors to fund its restructuring and pad its balance sheet following a string of scandals and losses. read more
Last week, Saudi Arabia-controlled SNB said it would invest up to 1.5 billion francs in Credit Suisse to take a stake of up to 9.9% and may invest in the investment bank.
($1 = 0.9980 Swiss francs)
Reporting by Anirudh Saligrama in Bengaluru; Editing by Rashmi Aich
Our Standards: The Thomson Reuters Trust Principles.
Continue Reading
TORONTO – Canada’s main stock index was up more than 100 points in late-morning trading, helped by strength in base metal and utility stocks, while U.S. stock markets were mixed.
The S&P/TSX composite index was up 103.40 points at 24,542.48.
In New York, the Dow Jones industrial average was up 192.31 points at 42,932.73. The S&P 500 index was up 7.14 points at 5,822.40, while the Nasdaq composite was down 9.03 points at 18,306.56.
The Canadian dollar traded for 72.61 cents US compared with 72.44 cents US on Tuesday.
The November crude oil contract was down 71 cents at US$69.87 per barrel and the November natural gas contract was down eight cents at US$2.42 per mmBTU.
The December gold contract was up US$7.20 at US$2,686.10 an ounce and the December copper contract was up a penny at US$4.35 a pound.
This report by The Canadian Press was first published Oct. 16, 2024.
Companies in this story: (TSX:GSPTSE, TSX:CADUSD)
The Canadian Press. All rights reserved.
TORONTO – Canada’s main stock index was up more than 200 points in late-morning trading, while U.S. stock markets were also headed higher.
The S&P/TSX composite index was up 205.86 points at 24,508.12.
In New York, the Dow Jones industrial average was up 336.62 points at 42,790.74. The S&P 500 index was up 34.19 points at 5,814.24, while the Nasdaq composite was up 60.27 points at 18.342.32.
The Canadian dollar traded for 72.61 cents US compared with 72.71 cents US on Thursday.
The November crude oil contract was down 15 cents at US$75.70 per barrel and the November natural gas contract was down two cents at US$2.65 per mmBTU.
The December gold contract was down US$29.60 at US$2,668.90 an ounce and the December copper contract was up four cents at US$4.47 a pound.
This report by The Canadian Press was first published Oct. 11, 2024.
Companies in this story: (TSX:GSPTSE, TSX:CADUSD)
The Canadian Press. All rights reserved.
TORONTO – Canada’s main stock index was little changed in late-morning trading as the financial sector fell, but energy and base metal stocks moved higher.
The S&P/TSX composite index was up 0.05 of a point at 24,224.95.
In New York, the Dow Jones industrial average was down 94.31 points at 42,417.69. The S&P 500 index was down 10.91 points at 5,781.13, while the Nasdaq composite was down 29.59 points at 18,262.03.
The Canadian dollar traded for 72.71 cents US compared with 73.05 cents US on Wednesday.
The November crude oil contract was up US$1.69 at US$74.93 per barrel and the November natural gas contract was up a penny at US$2.67 per mmBTU.
The December gold contract was up US$14.70 at US$2,640.70 an ounce and the December copper contract was up two cents at US$4.42 a pound.
This report by The Canadian Press was first published Oct. 10, 2024.
Companies in this story: (TSX:GSPTSE, TSX:CADUSD)
The Canadian Press. All rights reserved.
News5 hours ago
Teen smoking and other tobacco use drop to lowest level in 25 years, CDC reports
Health5 hours ago
Whooping cough is at a decade-high level in US
News5 hours ago
Alabama man arrested in SEC social media account hack that led the price of bitcoin to spike
Investment5 years ago
dynaCERT Inc. Invites You to Join Us at the Vancouver Resource Investment Conference | INN – Investing News Network
Sports5 years ago
AP source: Bears acquiring quarterback Nick Foles from Jaguars – Sportsnet.ca
Media1 year ago
12 Bizarre Things People Did Just To Make Social Media Content
-
Sports18 hours agoIn The Rings: Curling Canada still looking for Canadian Curling Trials title sponsor
-
Politics18 hours ago
N.B. election debate: Tory leader forced to defend record on gender policy, housing
-
News18 hours ago
After hurricane, with no running water, residents organize to meet a basic need
-
News18 hours ago
Alberta government shifts continuing care from Health to Seniors Ministry
-
News18 hours ago
Buhai, Green and Shin lead in South Korea after 8-under 64s in first round
-
News18 hours ago
Manitoba government halts school building plan, says other methods will be found
-
Sports18 hours ago
Maple Leafs winger Bobby McMann finding game after opening-night scratch
-
News18 hours ago
‘Significant overreach’: Ontario municipalities slam province over bike lane rules
