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Credit Suisse's Thiam set to show hand as CEO

ZURICH/LONDON (Reuters) – When Tidjane Thiam unveils his plans for Credit Suisse on Wednesday the Swiss bank’s new chief executive will likely rest his case on three Cs: capital, cuts and charm. Thiam will show his hand after taking the reins at Zurich-based Credit Suisse in July from British insurer Prudential. Investors expect him to refocus the bank’s business toward wealth management and asset management, while shrinking its investment bank

China must hasten infrastructure investment to stabilize growth: state advisor

Increased infrastructure investment is key to stabilizing China’s economic growth, a top state advisor said on Sunday, while calling on the central bank to lower the cost of financing for companies and increase overall credit. “Keeping relatively high growth of infrastructure investment is key to stabilizing economic growth” since property and manufacturing investment remains weak, said Yu Bin, head of the micro economy research department at the State Council’s Development

VW made several defeat devices to cheat emissions tests: sources

BERLIN/LOS ANGELES/DETROIT (Reuters) – Volkswagen (VOWG_p.DE) made several versions of its “defeat device” software to rig diesel emissions tests, three people familiar with the matter told Reuters, potentially suggesting a complex deception by the German carmaker. During seven years of self-confessed cheating, Volkswagen altered its illegal software for four engine types, said the sources, who include a VW manager with knowledge of the matter and a U.S. official close to

Air France to cut some jobs in 2016, rest of plan negotiable: CEO

Air France will cut less than a third of the 2,900 job cuts it proposed in a 2016/2017 plan that triggered clashes with some staff, the chief executive of parent company Air France-KLM (AIRF.PA) said on Sunday. The job cuts in 2016 would be voluntary and heavier job losses in 2017 could be avoided if talks with unions led to an agreement on alternative savings measures by the beginning of