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Credit Suisse expects Q4 pre-tax loss of $1.6 bn
Credit Suisse expects Q4 pre-tax loss of $1.6 bn
Business and Economy
by  AFP

Credit Suisse stocks tumbled again Wednesday after announcing it expects a surprise fourth-quarter pre-tax loss of up to $1.6 billion as it launches into a radical overhaul of its operations. Credit Suisse launched its new strategy following huge third-quarter losses, in a bid to repair the damage following a series of scandals.

UK top court rejects Scottish independence vote plans
UK top court rejects Scottish independence vote plans
World
by  AFP

Britain's highest court on Wednesday rejected a bid by the devolved Scottish government in Edinburgh to hold a new referendum on independence without London's consent. Lawyers for the Scottish government wanted a ruling on the rights of the devolved parliament in Edinburgh if London continued to block an independence referendum.