UBS expects to seal Credit Suisse takeover as early as June 12
UBS (UBSG.S) expects to complete its takeover of Credit Suisse (CSGN.S) “as early as June 12”, which will create a giant Swiss bank with a...
International
Oil rises on Saudi plan to deepen output cuts from July
Oil prices rose by more than $1 a barrel on Monday after top crude exporter Saudi Arabia pledged to cut production by a further 1...
Apple expected to reveal mixed-reality headset at developer conference (Updated)
Apple Inc AAPL.O is expected to unveil a mixed-reality headset at its annual software developer conference on Monday, its first big move into a new product category...
Crypto giant Binance controlled ‘independent’ U.S. affiliate’s bank accounts
A senior Binance executive was the main operator for five bank accounts belonging to the giant cryptocurrency exchange’s purportedly independent U.S. affiliate, including an account...
Lululemon outlook lift thrills Wall St as yogawear stays in vogue
Lululemon Athletica Inc (LULU.O) raised its annual sales and profit forecasts on Thursday as wealthy Americans snap up its pricey activewear even though inflation hounds...
Once-high-flying retailer ASOS falls after FTSE 250 relegation
ASOS (ASOS.L), the British online fashion pioneer valued at more than 7 billion pounds ($8.8 billion) just over two years ago, has been relegated from...
Banks break taboo for high-risk bonds
Investors who earned easy money with high-risk bonds invented after the financial crisis are being forced to accept that the rules have changed: they may...
Gap settles Patagonia trademark lawsuit over ‘iconic’ pocket design
Outdoor clothing retailer Patagonia Inc has settled its lawsuit accusing Gap Inc (GPS.N) of illegally copying the “iconic” snapped flap pocket that the company has...
Nvidia CEO feels safe relying on Taiwan for chips
Nvidia Corp, a major supplier of chips and computing systems for artificial intelligence (AI), feels “perfectly safe” about relying so much on chip powerhouse Taiwan...
Amazon’s Ring used to spy on customers, FTC says in privacy settlement
A former employee of Amazon.com’s Ring doorbell camera unit spied for months on female customers in 2017 with cameras placed in bedrooms and bathrooms, the...
