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Oil Rises on China Stimulus Expectations, Weaker Dollar

China consumer inflation drop spurs stimulus case POLLUS crude, product stockpiles seen down last week Coming up API data on US crude stocks at 430 p.m. ET LONDON, April 11 Reuters Oil prices rose on Tuesday on expectations of potential economic stimulus by China, healthy demand in the rest of Asia and a drop in […]
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Bank of Korea Holds Policy Rate Steady at 3.50, as Expected

SEOUL, April 11 Reuters South Korea39;s central bank on Tuesday held interest rates steady for a second consecutive meeting, as expected, faced with conflicting risks from still high inflation, a slowing economy and heightened financial uncertainty. The Bank of Korea said its sevenmember monetary policy board voted to keep the base rate unchanged at 3.50, as […]
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Santander to Raise Stake in Mexican Unit to 99.8

MADRID, April 11 Reuters Santander will increase its stake in its Mexican unit to 99.8 from 96.2 following a tender offer for all outstanding shares in the business, the Spanish bank said on Tuesday, as it moves ahead with plans to delist it. Over the past few years Santander has expanded in emerging economies in search of faster […]
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Credit Suisse Job Cuts must be Frozen, Bank Employees Leader

ZURICH, April 11 Reuters Credit Suisse and UBS must freeze any job cuts planned as part of their emergency merger, the Swiss Bank Employees39; Association SBPV said on Tuesday, in an open letter to the country39;s parliament. SBPV managing director Natalia Ferrara has written to lawmakers to demand they consider staff affected by the collapse of Credit […]
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Ferrari Partners with Samsung to Develop InCar Displays

ROME, April 11 Reuters Italian supercar maker Ferrari said on Tuesday it had signed a deal with Samsung Display to use its organic lightemitting diode OLED display panels in future car models. The South Korean company will develop bespoke OLED technology display solutions for the next generation of Ferraris, Chief Executive Benedetto Vigna said in […]
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