Bloomberg Credit Suisse Group AG and its home country of Switzerland were surprised by a tax evasion and money laundering investigation that spans five countries from Australia to the UK and potentially involves thousands of account holders. Two people were arrested by Dutch authorities, who also seized a gold bar, paintings and jewelry and are still probing dozens more ...

  Bloomberg China’s central bank raised interest rates for standing lending facility loans (SLF), aimed mainly at small- and medium-sized financial institutions, it announced on Saturday. The People’s Bank of China (PBOC) increased the rate for overnight SLF loans by 0.2 percentage points to 3.3 percent effective from March 16, it said in a statement on its website. The bank ...

  Bloomberg After practically inventing the sport utility vehicle, Jeep is missing out on the segment’s latest boom. While SUV sales in the US jumped 11 percent over the past four months, Jeep saw its volume drop 10 percent. One of the problems: A lack of supply that’s kept dealers waiting for the all-new 2017 Compass compact crossover, which replaces ...

  TORONTO / AP Ford Motor Co. will hire approximately 400 employees from software company BlackBerry Ltd. as part of sizable new investments in Canada that include a connected-vehicle research center in Ottawa, company officials said. Ford said the Ottawa research center is part of a $500 million Canadian (US$376 million) investment. It comes amid a race by automakers to ...

  Bloomberg As investor panic spreads about the plunging prices of used cars in the US, one company and its high-profile top investor are enduring the biggest beating: Hertz Global Holdings Inc. and billionaire Carl Icahn. Hertz shares lost one fifth of their value last week, as a troubling reading for a used-vehicle price index was followed by warnings that ...

  Bloomberg The US Congress’s decision to invalidate a set of internet privacy rules from the Obama administration set off a firestorm this week. The change, which will allow service providers like AT&T Inc. and Verizon Communications Inc. to collect and sell customers’ information without their permission, prompted ad campaigns from internet freedom groups shaming lawmakers and a small wave ...

  Bloomberg Google’s UK business is to pay 25 million pounds ($31.4 million) in UK corporation tax, according to its latest results, a year after the company was ordered to hand over 130 million pounds in back taxes to the government. The UK subsidiary of Alphabet Inc.’s Google turned a profit, before taxes, of 148.2 million pounds for the year ...

  Bloomberg Hon Hai Precision Industry Co.’s reported an unexpected rise in quarterly earnings after the main assembler of Apple Inc.’s devices rode record iPhone sales during the pivotal holiday shopping period. The world’s biggest contract manufacturer of electronics reported a 30 percent increase in net income to NT$68.8 billion ($2.3 billion) in the three months ended December, according to ...

  AP Huawei Technology Ltd., the world’s biggest maker of telecoms equipment, said its 2016 sales rose 32 percent from a year earlier but profit increased by only 0.4 percent due to higher spending on research and marketing. Huawei said it earned 37 billion yuan ($5.4 billion) on total revenue that rose 32 percent to 521.6 billion yuan ($75.6 billion). ...

  Bloomberg BlackBerry Ltd. is finally starting to look like a real software company. After three years of acquisitions, layoffs and trying to convince customers it could do more than build smartphones, the Canadian company’s software revenue and profit margins are growing in the way Chief Executive Officer John Chen wants them to. The stock too: It rose the most ...