UBS shares slide 7%, reversing gains after Swiss capital proposals LONDON: Shares in UBS dropped 7% on Tuesday as investors worried about the impact of new government proposals to... Published 10 Jun, 2025 03:37pm
Business & Finance UBS hires tech bankers Larsen, Michlovich from BofA in New York NEW YORK: UBS hired two technology investment bankers in New York from Bank of America, according to a memo seen by... Published 06 Jun, 2025 02:00pm
Markets Gold falls after Trump extends tariff deadline on EU goods BENGALURU: Gold prices fell nearly 1% on Monday after US President Donald Trump dropped his threat to impose 50%... Published 27 May, 2025 03:05am
Markets Oil steadies after Trump extends EU trade talks deadline CALGARY: Oil prices steadied on Monday after US President Donald Trump extended a deadline for trade talks with the... Published 27 May, 2025 03:05am
Markets Oil rebounds on short-covering, nuclear talks HOUSTON: Oil prices rebounded on Friday as US buyers were filling inventories ahead of the three-day Memorial Day... Published 25 May, 2025 02:42am
Business & Finance UBS agrees private credit tie-up with General Atlantic LONDON: Swiss lender UBS Group and U.S. investment firm General Atlantic have agreed to make a joint push into the... Published 06 May, 2025 06:27pm
Business & Finance UBS to sell India wealth business to 360 ONE, take 5% stake in India partner UBS will sell its Indian onshore wealth business to asset manager 360 ONE WAM in a deal valued at 3.07 billion... Published 22 Apr, 2025 11:20am
Business & Finance UBS lowers forecast for China 2025 GDP growth to 3.4% on tariff hikes BEIJING: UBS has downgraded its China GDP growth forecast to 3.4% for 2025, on the assumption that tariff hikes... Published 15 Apr, 2025 11:21am
Business & Finance UBS reiterates share buyback intention despite looming capital rule changes, global uncertainty LUCERNE: UBS Chairman Colm Kelleher reiterated the Swiss bank’s intention to repurchase shares to the tune of $3... Published 10 Apr, 2025 01:52pm
Business & Finance UBS completes merger of Credit Suisse service units in India UBS Group said on Monday it has completed the merger of Credit Suisse Service Company entities with UBS Business... Published 01 Apr, 2025 02:37pm
Business & Finance Dollar on track for weekly loss NEW YORK: The dollar was on track for a weekly loss on Friday as a delay in the introduction of trade tariffs... Published 15 Feb, 2025 05:54am
Markets Oil prices rally as US hits Russian oil with tougher sanctions NEW YORK: Oil prices rallied nearly 3% to their highest in three months on Friday as traders braced for supply... Published 12 Jan, 2025 02:44am
Markets Gold hits four-week peak NEW YORK: Gold prices rose to a near four-week high on Thursday, supported by safe-haven demand, while investors... Published 10 Jan, 2025 03:51am
Business & Finance Billionaires’ wealth more than doubles in 10 years: UBS ZURICH: Billionaires have seen their combined wealth shoot up 121 percent over the past decade to $14 trillion,... Published 05 Dec, 2024 09:27pm
Markets Gold prices slightly up on Fed rate optimism NEW YORK: Gold prices edged higher on Tuesday, as recovering expectations of a US rate cut in December weighed on ... Published 04 Dec, 2024 03:14am
Business & Finance UBS smashes forecasts with $1.4 billion Q3 net profit ZURICH: Swiss banking giant UBS posted net income of $1.4 billion (1.3 billion euros) on Wednesday, the company said... Published 30 Oct, 2024 11:59am
Business & Finance UBS fund management arm reports 3% stake in Swiss National Bank UBS Fund Management (Switzerland) AG now holds a 3% stake in Swiss National Bank, according to an October filing... Published 25 Oct, 2024 07:29pm
Business & Finance New Swiss central bank chief takes charge in shadow of Credit Suisse trauma ZURICH: As the Swiss National Bank’s new chairman Martin Schlegel takes office this week, the jury is out on the... Published 30 Sep, 2024 12:07pm
Business & Finance UBS sues Bank of America for $200m over crisis-era mortgage costs NEW YORK: UBS sued Bank of America for $200 million on Wednesday, saying the second-largest US bank refused to cover... Published 01 Aug, 2024 06:06am
Markets Oil prices down NEW YORK: Oil prices fell by more than $1 a barrel on Monday after Israeli officials said they wanted to avoid... Published 30 Jul, 2024 03:10am
Markets Gold prices firm BENGALURU: Gold prices edged up on Monday as the dollar weakened in response to President Joe Biden’s decision to... Published 23 Jul, 2024 08:29am
Business & Finance Swiss authorities draw flak in Credit Suisse probe: report ZURICH: Preliminary findings in an eagerly awaited parliamentary report into the 2023 collapse of Credit Suisse have... Published 15 Jul, 2024 06:25am
Markets Tech shares drive China stocks higher SHANGHAI: China stocks closed higher on Tuesday, led by tech shares, as investors await the highly anticipated... Published 10 Jul, 2024 03:14am
Business & Finance Challenges await as UBS makes Credit Suisse merger official ZURICH: Banking giant UBS on Monday officially merged its Swiss branches with those of Credit Suisse, but huge... Published 08 Jul, 2024 08:25am
Markets Oil falls after jump in US inventories NEW YORK: Oil prices fell slightly on Wednesday after US crude stocks posted their third unexpected weekly rise in... Published 27 Jun, 2024 06:52am
Business & Finance UBS sets aside $900mn for investors hit by Credit Suisse scandal ZURICH: Swiss banking giant UBS said Monday it would set aside $900 million to help compensate investors who took a... Published 17 Jun, 2024 05:16pm
Business & Finance UBS and Credit Suisse’s Swiss units could merge by July 1, executive says ZURICH: The merger of the Swiss units of UBS and Credit Suisse could be completed as early as July 1, a senior... Published 11 Jun, 2024 12:30pm
Markets Oil steadies as OPEC+ restraint balances interest rate concerns LONDON: Global oil prices steadied on Tuesday as the prospect of OPEC+ maintaining oil supply curbs at its June 2... Updated 28 May, 2024 04:38pm
Markets European stocks end lower as rate worries resurface PARIS: European stocks ended lower on Friday and down for the week, as signs of persistent US price pressures and a... Published 25 May, 2024 06:33am
Business & Finance UBS back in profit after Credit Suisse takeover losses ZURICH: Swiss banking giant UBS on Tuesday said first quarter net profit rose 71 percent to nearly $1.8 billion, far... Published 07 May, 2024 12:43pm
Budget 2025-26: Pakistan targets 4.2% growth as Aurangzeb presents proposals ‘for a competitive economy’