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Low interest rates and expectations of weak US dollar to sustain positive trend of the yellow metal
Chinese AR startup Rokid eyes industrial applications after success with temperature-reading smart glasses
Shipments of Rokid Glass 1 soared between April and June, giving the company one of its biggest commercial successes since its foundation in 2014. In China, the AR and VR market is forecast to grow 66% year on year to US$4.09bil in 2020, according to IDC.
ZURICH: Credit Suisse is looking to tighten its international wealth management’s regional structure in a move it hopes will help the unit grow profits by 10% annually from next year, the bank said in an internal memo.
ZURICH: Credit Suisse said on Thursday that it was wrapping its global markets and investment banking divisions into a single unit, as Chief Executive Thomas Gottstein puts his first major strategic stamp on the bank.
ZURICH: Credit Suisse Group AG is set to announce a sweeping overhaul of its business as Chief Executive Officer Thomas Gottstein seeks to tighten controls and boost the performance of the investment bank.
HONG KONG: Credit Suisse Group AG invested nearly US$100mil in Ant Group during its last funding round, according to people familiar with the matter,
NEW YORK/LONDON: World shares rallied to their highest since February and the euro hit its strongest in 18 months on Tuesday after European Union leaders agreed on a landmark stimulus package to revive regional economies ravaged by the coronavirus.
ZURICH: SoftBank has pulled more than US$500mil in investment from Credit Suisse’s supply chain finance funds after the Swiss bank reviewed the funds including the Japanese conglomerate’s role, according to two sources.
Internet companies are likely to be long-term winners from the pandemic as lockdown measures have now lasted long enough for changes in consumer behaviour to become permanent, according to Credit Suisse.