Reuters Credit Suisse Group AG faces certain restrictions in its ability to do business until its acquisition by rival UBS Group AG is completed, according to a regulatory filing on Tuesday. In certain cases, without prior UBS approval, Credit Suisse cannot grant a new credit facility or credit line in an amount exceeding 100 million Swiss […]

May 16 Reuters UBS Group AG expects a financial hit of about 17 billion from the takeover of Credit Suisse Group AG, the bank said in a presentation early on Wednesday as it prepares to complete the rescue of its struggling Swiss rival. UBS estimates a negative impact of 13 billion from fair value adjustments of […]

Vodafone CEO says CK Hutchison talks 39;progressing39; Hutchison said last week concluding deal 39;difficult39; LONDON, May 16 Reuters Vodafone39;s CEO said a longawaited 15 billion pound 19 billion plan to merge its British business with CK Hutchison39;s Three UK mobile network is progressing but is not there yet, dampening hopes of a deal being imminent. The […]

BENGALURU, May 15 Reuters Pfizer Ltd, the Indian unit of U.S. pharmaceutical group Pfizer Inc, on Monday reported a 3.1 rise in fourthquarter profit, helped by lower raw material expenses. Net profit for the quarter ended March 31 rose to 1.30 billion rupees 15.90 million from 1.26 billion rupees a year ago, while revenue rose […]

May 16 Reuters Alphabet Inc39;s Google on Tuesday said it would delete accounts that had remained unused for two years starting December, in a bid to prevent security threats including hacks. The company said that if a Google account had not been used or signed into for at least two years, it might delete the account and content […]

May 15 Reuters KKR Co Incbacked Envision Healthcare Corp and its wholly owned subsidiaries filed for Chapter 11 bankruptcy protection on Monday. The U.S. provider of physicians has estimated assets and liabilities in the range of 1 billion to 10 billion each, the company said in a court filing. The company said that it entered into […]

SHANGHAI, May 11 Reuters Chinese chip maker Semiconductor Manufacturing International Corp SMIC on Thursday reported its first quarterly drop in revenue in more than three years, as the global chip sector struggles to work through an inventory glut. Revenue in the JanuaryMarch quarter was 1.46 billion, down 20.6 yearonyear and in line with analyst estimates. Net […]

May 12 Reuters Indian metalstooil conglomerate Vedanta Ltd reported a 68 slump in fourthquarter profit on Friday after revenue fell amid declining prices of metals. Vedanta39;s consolidated net profit stood at 18.81 billion rupees 230 million for the quarter ended March 31, compared with 57.99 billion rupees a year earlier, the billionaire Anil Agarwalled company said […]

BENGALURU, May 12 Reuters Cipla Ltd, India39;s thirdlargest drugmaker by sales, reported a 45.2 increase in fourthquarter profit on Friday, driven by strength in its key domestic and North American drugs business. Shares of the company, which manufactures generic versions of respiratory drugs Advair and Albuterol, were flat after the results but closed 0.7 lower […]

TOKYO, May 12 Reuters Toshiba Corp said on Friday it was working with Japan Industrial Partners JIP to quickly complete a 15billion buyout by the private equity firm, as the industrial conglomerate forecast another year of weak earnings. After Toshiba39;s board in March accepted a 2 trillion yen 14.8 billion buyout offer from the JIPled group, […]