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‘Credit Suisse may forgo Swiss IPO to sell own stock’

  Bloomberg Credit Suisse Group AG, which has earmarked its Swiss unit for a partial listing, could instead raise capital after its share price rebounded from a record low, according to UBS Group AG. Credit Suisse’s shares have risen more than 50 percent since their low of 9.755 francs last July, “making a capital increase a viable alternative to a ...

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ECB rate pledge could be solace for Germans

  Bloomberg If Mario Draghi, President of the European Central Bank, is willing to send a signal that the European Central Bank’s stimulus drive won’t last much longer, his colleague Yves Mersch has a suggestion. The time is ripe for the ECB to review its insistence that it could cut interest rates further, according to Mersch, who sits with President ...

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‘Picasso of the 21st Century’

  Cologne / DPA Every time one meets Gerhard Richter, something doesn’t seem to add up. Is this “Europe’s greatest painter,” as the New York Times has called him? Or the “Picasso of the 21st Century,” as the Guardian says? The most expensive artist, the most influential painter? A superstar? He just doesn’t appear to match such superlatives. Nondescript is ...

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