ZURICH (Reuters) - Credit Suisse (SIX:CSGN) will take into account the coronavirus pandemic when setting bonuses and the impact is likely to be negative, Chairman Urs Rohner told Schweiz am Wochenende in an interview published on Saturday. "The pandemic is certainly a factor that will be taken into account when determining...
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(Bloomberg) -- President-elect Joe Biden called the November jobs report “grim” and said it shows “there’s no time to lose” for Congress to pass a new Covid relief bill. The U.S. labor-market rebound slowed markedly in November, indicating the surge in Covid-19 cases is hitting workers and curbing the broader economic recovery. “If we act now, and I mean now, we may begin...
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(Bloomberg) -- The Chicago Loop Alliance, which promotes the downtown core, rolled out a Back-to-Work website in early October encouraging workers to put on slacks again and try returning to the office. Its hope was short-lived. Covid-19 came roaring back in Chicago within weeks of the campaign’s launch, and the alliance quickly toned down...
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BOSTON (Reuters) - Index provider FTSE Russell said on Friday it will delete shares of eight Chinese companies from certain products after a U.S. order barring the trading of firms linked to the Chinese military. ...
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By David Shepardson and Echo Wang WASHINGTON/NEW YORK (Reuters) - The Trump administration on Friday opted not to grant ByteDance a new extension of an order requiring the Chinese company to divest TikTok's U.S. assets, but talks between the company and government are expected to continue over the short video-sharing app's fate, two sources briefed on the matter said. Last week, the...
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Investing.com – Canada equities were higher at the close on Friday, as gains in the Energy, Clean Technology and Industrials sectors propelled shares higher. At the close in Toronto, the S&P/TSX Composite gained 0.60% to hit a new 6-month high. The biggest gainers of the session on the S&P/TSX Composite were BlackBerry Ltd (TSX:BB), which rose 11.04% or 1.06 points to...
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BERLIN (Reuters) - A deal to cut costs and save jobs at Lufthansa has won the support of a majority of the Verdi trade union members who work for the German airline as ground staff, according to the results of a ballot seen by Reuters on Friday. Lufthansa workers represented by Verdi, a service workers union, backed the deal struck a month...
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By Pamela Barbaglia, Jesús Aguado and Iain Withers LONDON/MADRID (Reuters) - Britain's Virgin Money (LON:VM) and OneSavings Bank are among a group of challenger banks expected to show interest in British lender TSB ahead of an auction process which is due to start next year, sources familiar with the matter told Reuters. British residential mortgage lender Kensington Group and credit card provider...
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(Bloomberg) -- House Speaker Nancy Pelosi said there’s momentum building toward a compromise fiscal stimulus plan, though Republicans complained about the scale of aid to states included in the bipartisan proposal that’s become the best chance yet for a deal. “There is momentum with the action” by a group of Republican and Democratic lawmakers...
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ROME (Reuters) - Italy's cabinet will meet on Dec. 7 to discuss the country's national recovery plan, a statement from the Prime Minister's office said on Friday. Rome is expected to receive more than 200 billion euros ($242.88 billion) from the European Recovery Fund designed to help EU nations hardest hit by the coronavirus. ($1 = 0.8235 euros) ...
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