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Shares of Credit Suisse (CSGN.S) fell more than 6% on Tuesday after ratings agencies Moody’s and S&P’s “negative” outlook on the Swiss bank, days after it appointed a new top boss to help it recover from a string of scandals Read more
Ecuador is expected to deal quickly with Anglo-French oil company Perenco’s efforts to enforce a multi-million dollar award payment as delaying could cast a shadow over international bond payments down the line, analysts said. A Luxembourg bailiff had ordered banks Read more
Russian retailer X5 Group (FIVEDR.MM) is stepping up an investment drive with plans to buy controlling stakes in two Siberian companies, open hundreds of new stores of its discount chain Chizhik and cut the price of many food staples. Russia’s Read more
The trillions of dollars in overnight cash tucked away daily at the Federal Reserve could turn into a major headache for banks that could squeeze their balance sheets and impair their ability to lend. The Fed’s reverse repurchase facility (RRP) Read more
KKR & Co Inc (KKR.N) said on Tuesday its second-quarter after-tax distributable earnings fell 9% year-on-year, as a slowdown in dealmaking amid the market downturn resulted in a plunge in transaction fees it earns from its companies and clients. After-tax Read more
Norwegian paint maker Jotun said on Tuesday it will exit Russia with immediate effect after selling its local assets in the country to industrial group Atomstroykomplex for an undisclosed amount. Jotun, a global producer of paints and coatings, shut its Read more
Amsterdam’s Schiphol Airport said on Tuesday that passenger caps introduced for the summer season to cope with long waiting times and other logistical problems will be extended into September and October. The airport will also continuing other measures, such as Read more