Topic: Credit Suisse Group
MGM could go it alone if bids disappoint: sources
Reuters US Online Report Business News
NEW YORK (Reuters) - Storied Hollywood studio Metro-Goldwyn-Mayer may opt for a stand-alone plan if bids disappoint, and creditors are expected to meet early next week as the company sifts through expected offers, sources said. The studio, struggling with $3.7 billion of debt, said in November it was exploring a ...
China to lead oil demand growth as OECD area struggles
AFP Global Edition
China's hunger for oil is set to drive global demand in the coming years as consumption in the industrialized countries may not regain pre-economic crisis levels, experts say. "Chinese demand will continue to grow at a relatively high rate," said Kefeng Yang of research firm IHS CERA, the organizer ...
UK's Pru plans $20 billion rights offering
Reuters US Online Report Business News
NEW YORK (Reuters) - Britain's Prudential Plc <PRU.L> plans to do a rights offering of about $20 billion to finance a $35.5 billion purchase of American International Group's <AIG.N> Asian life insurance unit, a source familiar with the situation said on Sunday ...
Swiss banks plan to move some staff out of London: report
AFP Global Edition
Swiss banking giants Credit Suisse and UBS are looking at relocating some of their bankers out of London after Britain moved to hike taxes on top earners, Swiss newspaper NZZ am Sonntag reported Sunday. Citing unnamed sources, the newspaper claimed that Credit Suisse was planning to relocate up to 200 ...
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