Asian stocks drop despite Credit Suisse buyout, central banks’ pledge HONG KONG: Asian equities sank Monday following a sell-off in New York as investors fret over the financial sector,... Published 20 Mar, 2023 12:17pm
Business & Finance Credit Suisse writes down $17 bln of bonds to zero, angering holders LONDON: Credit Suisse has written down its Additional Tier 1 bonds to zero as part of its takeoverby UBS, angering... Published 20 Mar, 2023 01:55am
World U.S. Treasury, Federal Reserve in touch with Swiss authorities after UBS deal to buy Credit Suisse WASHINGTON: The U.S. Federal Reserve and the Treasury Department said on Sunday they welcomed the announcements by... Published 20 Mar, 2023 12:57am
Business & Finance UBS agrees to buy Credit Suisse as global regulators assure markets UBS will buy rival Swiss bank Credit Suisse for 3 billion Swiss francs ($3.23 billion) and assume up to $5.4 billion... Updated 20 Mar, 2023 01:45am
Business & Finance UBS close to finalizing deal for Credit Suisse: source UBS is close to finalizing a deal to buy rival Swiss bank Credit Suisse, a source familiar with the matter told... Published 19 Mar, 2023 11:10pm
Business & Finance UBS offers to buy Credit Suisse for up to $1 billion: FT UBS Group AG has offered to buy Credit Suisse for up to $1 billion, with the Swiss government planning to change the... Updated 19 Mar, 2023 06:06pm
Markets UBS against the clock in Credit Suisse takeover talks ZURICH: UBS was up against the clock Sunday in talks to finalise a mammoth takeover of its troubled rival Swiss bank... Published 19 Mar, 2023 11:00am
Business & Finance UBS in talks to acquire embattled Credit Suisse GENEVA: Switzerland’s largest bank, UBS, is in talks to buy all or part of Credit Suisse, according to a report by... Published 18 Mar, 2023 12:06pm
Markets JPMorgan: Credit Suisse takeover, especially by UBS is ‘most likely scenario’ LONDON: Wall Street bank JPMorgan said on Thursday that Credit Suisse being taking over by another lender, most... Published 16 Mar, 2023 12:25pm
Markets European stocks log strongest one-day gain PARIS: European shares on Tuesday posted their biggest single-day gain in nearly three months, helped by a resilient... Published 15 Mar, 2023 06:01am
Markets 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
Following $600mn Ambani wedding, India has set the stage for its next growth phase, Pakistan is still lost
Following $600mn Ambani wedding, India has set the stage for its next growth phase, Pakistan is still lost
Following $600mn Ambani wedding, India has set the stage for its next growth phase, Pakistan is still lost