Abu Dhabi's ATIC to invest up to $10 bn in US chip plant

ABU DHABI: Abu Dhabi's Advanced Technology Investment Company (ATIC) plans to invest up to $10 billion over the next two years in GlobalFoundries' New York semiconductor factory, its chief executive said on Friday.

U.S. banks face profit lull as mortgage boom fizzles

Unexpectedly large quarterly profits at JPMorgan Chase & Co and Wells Fargo & Co hide a more worrisome forecast for the rest of the year for many U.S. banks. Things could get worse before they get any better.

Credit Suisse trims Dubai investment banking, ships jobs to Qatar

DUBAI (Reuters) - Credit Suisse is trimming its investment banking team in Dubai and relocating some jobs to neighboring Qatar, three sources said, as part of efforts to cut costs and focus on richer markets.