Credit Suisse to make capital hike decision after AGM - report
ZURICH, April 23 Credit Suisse will not decide on how it wants to raise fresh capital until after this week's annual general meeting, SonntagsZeitung reported on Sunday.
By Bruno Federowski SAO PAULO, Dec 5 The Brazilian real strengthened on Monday on trader relief that mass weekend demonstrations refrained from directly targeting President Michel Temer. Demonstrators protested across Brazil on Sunday to denounce corruption and a congressional vote seen as an attempt to curtail sweeping graft investigations. Some investors had feared the weekend protests would take aim at Temer, whose approval rates remain near record lows, potentially hampering his administration's efforts to gather lawmaker support for austerity measures. "Protesters can demonstrate against Congress. As long as they don't demonstrate against the government, the market will remain calm," said Thiago Castellan, a trader with Renascença brokerage. The Brazilian real strengthened 0.5 percent after weakening 1.7 percent last week. Other Latin American currencies were mixed, with the Colombian peso rising 0.8 percent on the back of higher crude prices. Brazilian stocks seesawed as a drop in financial shares helped offset a two-day rally in shares of Braskem SA, Latin America's largest petrochemical company. The stock reached a record high on Monday after it said on Friday it is in advanced talks with authorities in Brazil and the United States for a leniency agreement related to a massive corruption scandal. Analysts at JPMorgan Securities upgraded their recommendation on U.S.-listed shares of Braskem to "overweight" from "neutral," citing the leniency accord negotiations. Wider emerging markets largely shrugged off political uncertainty in Italy after its prime minister resigned following a crushing defeat in a referendum over constitutional reform. Currencies such as the Polish zloty and Czech crown that have the closest trade ties to the euro zone initially fell on the news but later pared back losses. Key Latin American stock indexes and currencies at 1500 GMT: Stock indexes daily % YTD % change change Latest MSCI Emerging Markets 854.70 0.19 7.42 MSCI LatAm 2261.05 0.57 22.87 Brazil Bovespa 60443.61 0.21 39.43 Mexico IPC 44926.82 0.83 4.54 Chile IPSA 4207.26 0.1 14.32 Chile IGPA 21009.17 0.09 15.74 Argentina MerVal 17000.84 0.31 45.62 Colombia IGBC 9774.24 0.5 14.35 Venezuela IBC 38563.85 0.21 164.35 Currencies daily % YTD % change change Latest Brazil real 3.4536 0.50 14.29 Mexico peso 20.6250 0.07 -16.46 Chile peso 668.15 0.43 6.22 Colombia peso 3058.91 0.82 3.61 Peru sol 3.42 -0.09 -0.18 Argentina peso (interbank) 15.9450 0.03 -18.58 Argentina peso (parallel) 16.29 0.37 -12.40 (Reporting by Bruno Federowski; Editing by Bill Trott)
ZURICH, April 23 LafargeHolcim is close to announcing that its chief executive Eric Olsen is to step down following an internal investigation into activities at a former Lafarge cement plant in Syria, a source familiar with the matter said on Sunday.