Credit Suisse lowers India's GDP forecast to 5.3% for FY'13

Last Updated: Thursday, February 21, 2013, 21:37

Leading brokerage Credit Suisse Thursday lowered its forecast for India's GDP growth in the current financial year to 5.3 percent from 5.7 percent earlier due to "ongoing aggressive" fiscal tightening.

Consumer confidence in emerging markets barring India improves

Last Updated: Thursday, February 7, 2013, 18:16

The confidence among emerging market consumers has strengthened during last year, as 37 percent of respondents believe that their personal finances will improve over the next six months, however the mood has deteriorated in India, a Credit Suisse report said.

Credit Suisse Singapore sells 2.36% stake in HDIL

Last Updated: Tuesday, January 29, 2013, 20:22

Credit Suisse (Singapore) Ltd has sold nearly one crore shares, equivalent to 2.36 percent stake, in the Housing Development and Infrastructure Ltd (HDIL) through open market transactions.

Credit Suisse sees economy, inflation surprising on the upside

Last Updated: Wednesday, January 23, 2013, 18:21

The optimism is based primarily on the recent 4 point improvement in the manufacturing PMI (Purchasing Managers Index) and a marginal rise in the services PMI in November.

50 bps rate cut likely in RBI policy review: Credit Suisse

Last Updated: Sunday, January 13, 2013, 11:05

The Reserve Bank is likely to cut key interest rates by 0.50 percent, to 7.5 percent, in the forthcoming monetary policy review on easing inflationary pressures, says a Credit Suisse research report.

Credit Suisse cuts India's FY13 growth forecast to 5.7%

Last Updated: Friday, January 11, 2013, 13:50

Credit Suisse has lowered India's growth forecast for the current fiscal to 5.7 percent, but said the economy has bottomed and will see a moderate recovery during 2013.

Switzerland freezes $300 mn of Mubarak cash

Last Updated: Monday, December 31, 2012, 08:37

The Swiss authorities have frozen USD 300 million in Credit Suisse accounts in Geneva held by the sons of former Egyptian president Hosni Mubarak.

'Global economy, financial markets likely to stabilise in 2013'

Last Updated: Sunday, December 23, 2012, 11:33

Global economy and financial markets are likely to witness stabilisation and get strengthened during 2013 although "challenges" still remain, Credit Suisse said in a report.

Credit Suisse lowers FY13 GDP forecast a notch to 5.9%

Last Updated: Thursday, December 6, 2012, 14:24

International brokerage Credit Suisse on Thursday cut its FY13 growth estimate for the country by a notch to 5.9 percent attributing it to delay by the Reserve Bank in cutting rates to prop up growth.

India, China to be main growth drivers among BRIC: Report

Last Updated: Sunday, December 2, 2012, 10:54

India and China are likely to be main growth drivers among the BRIC nations and the growth gap between two Asian giants is expected to narrow down in the years ahead, a Credit Suisse report has said.

Investment cycle revival at least 3-4 yrs away: Credit Suisse

Last Updated: Tuesday, November 13, 2012, 18:05

Credit Suisse has said the impact of recent reforms will have no impact on the investment cycle at least in next 3-4 years as the past eight years have "sapped the energy out of the economy".

Credit Suisse launches single family office service in India

Last Updated: Thursday, November 8, 2012, 13:39

Credit Suisse on Thursday said it has launched the single family office service in India, a move that will strengthen its product offering for the ultra-rich people in the country.