Global bank shares sink over US fears PARIS: The world’s biggest banks took a stock market beating on Friday as signs of trouble at a US regional lender... Published 10 Mar, 2023 03:31pm
Markets Oil largely steady as rising supplies face Chinese demand hopes NEW YORK: Oil were largely unchanged on Wednesday as signs of ample supply, including growing US crude inventories,... Published 02 Mar, 2023 06:23am
Markets Credit Suisse posts $7.9bn net loss for 2022 GENEVA: Credit Suisse expects to post a substantial loss this year after the beleaguered bank on Thursday reported a... Published 09 Feb, 2023 11:52am
Business & Finance UBS flags uncertain year ahead after profit beats forecasts ZURICH: UBS, Switzerland’s biggest bank, forecast an uncertain year ahead due to the war in Ukraine and sagging... Published 06 Feb, 2023 06:20am
Business & Finance UBS has no desire to buy Credit Suisse, chairman tells newspaper ZURICH: UBS has no interest in buying fellow Swiss lender Credit Suisse, the bank’s Chairman Colm Kelleher said in a... Published 14 Jan, 2023 10:38am
Markets European shares regain ground after brutal sell-off last week PARIS: European shares advanced on Monday, supported by the energy sector, after a bruising selloff last week ... Published 20 Dec, 2022 05:58am
Business & Finance Top bankers give mixed views on global risks at summit HONG KONG: There are growing signs inflation could be brought under control, top bankers said at a summit in Hong... Published 03 Nov, 2022 05:50am
Markets UBS third-quarter profit slides but beat expectations ZURICH: UBS on Tuesday reported a 24% fall in third-quarter net profit on a decline in market activity, although it... Published 25 Oct, 2022 10:33am
Opinion Credit markets see less risk of recession, earnings may challenge that US high-yield corporate debt markets may be underpricing for the risk of a recession even as Treasuries and... Updated 25 Sep, 2022 06:47am
Markets UBS seeing positive client flows this quarter ZURICH: UBS Group is seeing positive flows of client funds this quarter, the co-head of the Swiss bank’s wealth... Published 20 Sep, 2022 02:27pm
Opinion Europe’s banks brace for bumpy ride after cheap money decade Europe’s banks, facing a potential economic storm and a rise in borrowing costs for the first time in more than a... Published 23 Jul, 2022 04:10am
Business & Finance The hike is (almost) here! Now for what comes next: Five questions for the ECB LONDON: The European Central Bank is set to deliver its first interest-rate hike since 2011 this week, yet markets... Published 18 Jul, 2022 11:22pm
Business & Finance Rio Tinto warns of earnings hit from Covid-19 absences, inflation BENGALURU: Rio Tinto on Friday warned that COVID 19-related labour shortages in the resource-rich state of Western... Published 16 Jul, 2022 04:20am
Markets Some investors turn cautious on Big Tech as Fed hikes loom NEW YORK: Apple’s rally to a $3 trillion market valuation earlier this week has re-focused investors’ attention... Published 09 May, 2022 05:39am
Business & Finance UniCredit surprises with buyback as it tackles Russia exit MILAN: UniCredit cheered investors by saying it would soon start a 1.6 billion euro ($1.7 billion) share buyback put... Published 06 May, 2022 05:03am
Markets Commodity stocks keep Europe buoyant PARIS: European shares broke a three-day losing streak on Wednesday as basic materials stocks surged 4.5%, while... Published 28 Apr, 2022 05:37am
Markets European stocks slide with eyes on US tech earnings LONDON: European shares extended losses for a third session on Tuesday, giving up earlier gains as technology stocks... Published 27 Apr, 2022 05:19am
Markets UBS shows signs of resilience as Q1 profit surprises with a rise ZURICH: UBS’s first-quarter net profit rose 17% on Tuesday to its best since 2007 on the back of strong trading,... Published 26 Apr, 2022 10:55am
Markets UBS and Credit Suisse make further progress in emergency plans ZURICH: UBS and Credit Suisse (CSGN.S) have made further progress in how they would stabilise and restructure... Published 24 Mar, 2022 12:30pm
Business & Finance UBS reveals $200 million exposure to Russia ZURICH: Swiss bank UBS said Monday it has under $10 million of loans outsanding to clients subjet to sanctions... Published 07 Mar, 2022 09:09pm
Markets UBS' executives see 2021 bonuses cut over Archegos losses ZURICH: UBS executives took home less pay in 2021, Switzerland's biggest bank said on Monday, as bonuses were cut... Published 07 Mar, 2022 12:05pm
Markets Oil eases as Ukraine hints at concessions to Russia LONDON: Oil eased on Monday from its highest in more than seven years as Ukraine hinted at possible concessions to... Published 15 Feb, 2022 06:45am
Markets European shares rebound from downbeat January LONDON: European shares ended higher on Tuesday, recovering some of January’s steep losses, with Swiss lender UBS... Published 02 Feb, 2022 04:45am
Markets UBS annual profit rises but French tax case bites ZURICH: UBS reported rising profits for 2021 on Tuesday, but a French tax evasion case cut into the Swiss banking... Published 01 Feb, 2022 01:41pm
Markets British homebuilders set for worst week LONDON: British homebuilders are set for their worst weekly performance since before the first UK lockdown in 2020... Published 14 Jan, 2022 07:45am
World Money-laundering: UBS appeals against French verdict ZURICH: UBS has filed an appeal with France’s Supreme Court against last week’s decision by a Paris court that... Published 21 Dec, 2021 04:14am
Business & Finance UBS picks former MS chief Kelleher as chairman ZURICH: UBS named former Morgan Stanley President Colm Kelleher on Saturday as its surprise pick to succeed Axel... Published 22 Nov, 2021 05:31am
Opinion Ramping up rates: Emerging central banks feel inflation pain Finding themselves at the sharp end of a global inflation shock, emerging market central banks are expected to raise... Published 04 Nov, 2021 04:32am
Markets Wall Street strikes fresh records LONDON: Wall Street opened in record territory on Tuesday as a host of tech firms were set to announce their ... Published 26 Oct, 2021 07:28pm
Markets UBS surprises with 9% rise in Q3 net profit ZURICH: UBS posted a 9% rise in third-quarter net profit on Tuesday, as continued trading helped the world's largest... Published 26 Oct, 2021 10:58am