A poll of Swiss economists found that nearly half think the takeover of Credit Suisse was not the best solution, and warned that the situation had dented Switzerland's reputation as a banking centre.

The takeover creates a banking giant such as Switzerland has never seen before – and raises concerns about possible layoffs.

The decision comes amid concerns about RAM's independence as a leading rating agency.

Analysts and market observers warn that the company's credibility as a debt rating agency will come under question.

The so-called 'poison pill' proposed to use against Elon Musk's potential hostile takeover is a mechanism with a proven track record that could force the outspoken entrepreneur into negotiations.

Felda, once a global example of how the government tackled the resettlement of the urban poor to boost their economic status, has been sinking under its many financial problems.