Dougan: Credit Suisse to Cut More Costs
Credit Suisse Group AG, the second-biggest Swiss bank, increased a target for cost reductions after posting a drop in third-quarter profit on an accounting charge related to its own debt.
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Mongolia Reaches Agreement With IMF
23:39 - Mongolia reached an initial agreement with the International Monetary Fund for a three-year program that includes a $440 million loan package as part of a $5.5 billion bailout to help the north Asian country with looming debt repayments. IMF Mission Chief to Mongolia Koshy Mathai explains the agreement on "Bloomberg Daybreak: Asia." (Source: Bloomberg)