Tidjane Thiam (52), started work as chief executive of Credit Suisse on Wednesday. File photograph: Simon Dawson/Bloomberg

Credit Suisse’s new chief executive told staff in a memo on Wednesday the Swiss bank needed a strong balance sheet to help it through rough times and (...)

An ArcelorMittal blast furnace in Dunkirk, France. The company said it now expected yearly core profit to be “in excess of” $7 billion (€5.2 billion).

ArcelorMittal SA, the world’s largest steelmaker, cut its forecast for earnings this year after lower than anticipated iron ore prices ate into the pr(...)