Recent Business News
LONDON - Prime Minister David Cameron's Conservatives have their best chance in almost two decades to remould Britain's economy next week, in their first budget statement after an unexpectedly decisive election victory.
- Newly appointed Credit Suisse AG Chief Executive Tidjane Thiam, in an interview with the Financial Times, promised a "ruthlessly selective" review of the Swiss bank's businesses, amid expectations that the incoming CEO would cut staff by about 15 percent from its investment banking arm.
LONDON - If a 'No' in Sunday's referendum eventually takes Greece out of Europe's single currency, any "new drachma" or temporary payment unit could be worth as little as a fifth of the euro now in circulation.
LONDON - Barclays is planning to set up a smaller separate UK bank than rivals as British lenders finalise how to restructure to meet new rules designed to give greater protection to savers and taxpayers.
TURIN - The listing of Ferrari may value the sports car unit at least 10 billion euros (7 billion pounds), Fiat Chrysler's (FCA) Chief Executive Sergio Marchionne said on Friday.