LONDON: Credit Suisse will cut 65 jobs across its fixed income business next week as part of its recently announced plans to reduce its presence in rates, according to two sources with knowledge of the plans.
October 30, 2013
Barclays reviewing currency trades
Barclays Bank has said it will review how its currency trading operated over the past several years, amid a new inquiry into market manipulation.
October 29, 2013
Apple reports quarterly profit of $7.5 bn, sells 33.8 mn iPhones
SAN FRANCISCO: Apple on Monday reported a quarterly profit of $7.5 billion on the back of soaring iPhone sales.
October 28, 2013
Twitter share sale trial 'a success', says exchange
The New York Stock Exchange (NYSE) says a test run of Twitter's share sale was 'a success', as it tries to avoid the debacle surrounding Facebook's flotation on the Nasdaq.
October 27, 2013
Toyota settles US acceleration case after $3 mn verdict
Toyota Motor Corp reached a deal on Friday to resolve a lawsuit in the United States over unintended acceleration issues, one day after a jury found the Japanese carmaker liable and ordered it to pay $3 million for defects that caused a 2007 fatal crash.
October 26, 2013
Samsung profit rises 26% on smartphone boost
Samsung Electronics has reported a 26% jump in profit in the third quarter driven by strong smartphone sales and a recovery in its memory chip business.
October 25, 2013
Big companies push back against G20 tax avoidance plan
LONDON: Big companies have pushed back against an international drive to crack down on corporate tax avoidance, documents published by the body charged with drafting new rules showed on Wednesday.
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