Tidjane Thiam starts work as CEO of Credit Suisse (CSGN.VX) next month with investors optimistic he can bring about a major change of strategy at the bank, even if he has to raise cash to do it.
Europe
Samsung partners with Sigfox for Internet of Things
Samsung, the technology giant has announced its undisclosed amount of investment in France-based start up Sigfox, which has recently raised $115 million mega round in venture capital.
Citi faces headwinds in commodity trade finance, presses on with expansion
Citigroup Inc (C.N) and rivals in the commodity trade finance sector are facing headwinds of weak oil prices, sanctions on Russia and stiff competition, which have pressured fees.
Greek standoff saps Europe, dollar swings ahead of Fed
European shares hit a near four-month low and yields on lower-rated euro zone sovereign debt climbed to their highest point since November, as financial markets braced for the possibility of Greece defaulting on its debt.
Oil falls on dollar, Libya output, Yemen talks
Oil prices fell on Monday as the Greek debt crisis helped boost the dollar, making fuel more expensive to holders of other currencies, and as United Nations talks offered a chance for peace in Yemen where crude exporter Saudi Arabia is involved in a civil war.
Latest News
China will pledge a multi-billion dollar investment in Europe's new infrastructure fund at a summit on June 29 in Brussels, according to a draft communique seen by Reuters - Beijing's latest round of chequebook diplomacy to win greater influence.
The chief executive of Henkel & Co KGaA AG (HNKG_p.DE) poured cold water on speculation the consumer goods maker was preparing to buy hair care firm Wella from Procter & Gamble Co (PG.N), saying his company didn't need big acquisitions to grow.
Greek Prime Minister Alexis Tsipras said he was willing to accept unpalatable compromises to secure a deal with international creditors provided he gets debt relief in return, something that Germany refuses to countenance.
German automaker BMW on Wednesday unveiled its latest version of its BMW 7 Series at its global headquarters in Munich. The BMW 7 Series is top of the line luxury sedan and is a status symbol, especially in European countries.
Crude oil prices fell on Thursday as players took profits from the past two days of gains, turning bearish after the dollar's rise against the euro on Greek debt worries weighed on demand for commodities.
Playing down the threat to his business from the world's most valuable company, the founder of music streaming service Spotify said the industry was big enough for several players and his firm did not have to be number one.
The New Zealand dollar slumped 2.5 percent against the U.S. dollar on Thursday, hitting a five-year low after the Reserve Bank of New Zealand surprised some by cutting interest rates and flagging the chance of more easing.
When construction of four 6.5 billion euro toll roads across Greece resumed last year, Greek and foreign businesses rejoiced.
The yen surged to a two-week high against the dollar on Wednesday, after the head of the Bank of Japan said the currency was unlikely to fall further because it was already "very weak", prompting investors to trim huge bets against the yen.
