CNBC Shares of Credit Suisse on Wednesday plunged to a fresh all-time low for the second consecutive day after a top investor in the embattled Swiss bank said it would not be able to provide any more cash due to regulatory restrictions. Trading in the bank’s plummeting stock was halted several times throughout the morning as it fell below 2 Swiss
Oil Price Brent crude prices have been on a sharp decline since peaking in June, nearly giving up all the year’s gains. And Credit Suisse says the selloff is not yet over. “The market remains well below its 55-Day Moving Average and 200DMA at 89.01 and 100.67, and with medium-term momentum declining and global growth concerns looming, we think further weakness
CNBC It’s an “exciting” time for renewable energy firms because more policymakers around the world have committed to carbon emissions goals, according to Credit Suisse. “I’m feeling fairly bullish on the current market conditions for energy transition beneficiaries,” said Phineas Glover, the investment bank’s Asia-Pacific head of environmental, social and governance (ESG) research. The energy transition refers to a move
CNBC LONDON — Credit Suisse and Nomura warned Monday of “significant” hits to first-quarter results, after they began exiting positions with a large U.S. hedge fund that defaulted on margin calls last week. While neither Credit Suisse nor Nomura named the fund, it’s been widely reported that Archegos Capital Management is the firm connected to the fire sale. In a trading update before the
Reuters PARIS – Oil and gas group Total TOTF.PA said on Tuesday its Societe Cray Valley business, the French offshoot of its resins operations, was not up for sale. Reuters reported earlier in October that Total was launching a sale of its resins business and had hired Credit Suisse to work on the process. Total declined to comment at that time.
By Tyler Losier, Energy Reporter, Oil & Gas 360 Qatar Investment Authority acquires significant stake in Oryx Midstream Services from an affiliate of Stonepeak Infrastructure Partners Qatar Investment Authority (QIA), the country’s sovereign wealth fund, will be acquiring a significant interest in Permian crude operator Oryx Midstream Services from an affiliate of Stonepeak Infrastructure Partners, in addition to chipping in
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