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Tag: initial

Initial relief over Credit Suisse rescue by UBS

Banking stocks and bonds plummeted on Monday after UBS Group sealed a state-backed takeover of troubled peer Credit Suisse Group AG, a deal that was orchestrated in an attempt to restore confidence in a battered sector. Credit Suisse shares lost a quarter of their value last week. The bank was forced to tap $54bn in central bank funding as it tried to recover from scandals…

US shoots down third 'object' after initial Chinese spy craft

Fox News correspondent Lucas Tomlinson joins ‘The Big Sunday Show’ in a Fox News Alert to provide details on the United States military downing an ‘object’ flying over Lake Huron. Subscribe to Fox News! https://bit.ly/2vBUvAS Watch more Fox News Video: http://video.foxnews.com Watch Fox News Channel Live: http://www.foxnewsgo.com/ FOX News Channel (FNC) is a 24-hour all-encompassing news service delivering breaking news as well as political and…

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