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Credit Suisse falls into red on $5.2bn writedown$

Credit Suisse, the Swiss investment bank, reported its first quarterly loss for nearly five years today, after asset writedowns reached $5.2 billion ($

Added: 2008-04-24

Credit Suisse falls into red on $5.2bn writedown$

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Other news

China jails human rights activist Hu Jia

Chinese human rights activist Hu Jia has been jailed for three years and six months for subversion, prompting fears of a campaign to silence dissents ahead of the Olympics.

Shell counts rising cost of squeezing oil from sand in Canada

Shells Canadian oil sands business is suffering a profitability squeeze because of the soaring cost of energy needed to extract bitumen from sand.

China urges Rio Tinto iron ore boycott

Rio Tinto is confident it will conclude its annual contract negotiations with Chinese steelmakers by the end of next month, despite calls by the country's industry association to boycott the company's spot sales of iron ore.

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