Credit Suisse Group AG is offering to buy back debt securities for cash worth approximately 3 billion Swiss francs ($3 billion), just as the embattled lender tries to put the finishing touches on a planned overhaul.
Commodities have opened the fourth quarter in some style, with prices set for the best weekly showing since March after OPEC+ agreed to chop oil supply. The coming week brings a host of signals on the outlook over the rest of the year and into 2023 before earnings season hits full flood.
South Africa’s state-owned ports and freight rail operator declared force majeure on the same day that strike action began, the third time Transnet SOC Ltd. has taken this drastic step since July last year.
The Securities & Exchange Board of India canceled the license of credit assessor Brickwork Ratings and ordered it to shut down in six months for lapses in its rating process.
Activist fund Petrus Advisers told senior executives of Temenos AG that it has taken a small stake in the Swiss banking software specialist and questioned their ability to regain investor confidence and boost the share price.
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