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UBS

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

Markets

US MIDDAY: Gold edges down

NEW YORK: Gold prices edged lower in choppy trading on Thursday, pressured by rising U.S. bond yields that countered...

Published 22 Oct, 2021 04:13am

Markets

UBS clients raise $650mn for biggest yet biotech impact fund

ZURICH: UBS's wealthy clients have raised $650 million for the biggest biotechnology impact fund ever, the Swiss ...

Published 06 Oct, 2021 02:42pm

World

Climate activists occupy heart of Zurich financial district

The Blick newspaper showed pictures of activists crowded against the entrances to Credit Suisse and UBS in the Paradeplatz square in the Swiss financial hub

Published 02 Aug, 2021 11:23am

Markets

UBS profit jumps 63% in Q2 as wealth management boom continues

Second-quarter net profit of $2.01 billion, up from $1.23 billion in the same quarter a year ago, far outpaced expectations for $1.34 billion in a poll of 20 analysts compiled by the bank

Published 20 Jul, 2021 11:14am

Business & Finance

Big banks seek to curb ‘speculative’ planned UK forex class action

LONDON: A proposed multi-billion pound claim against powerful banks over alleged foreign exchange (forex) rigging is...

Published 19 Jul, 2021 06:17am

Business & Finance

Banks tighten grip on FX market as algo trading rises

LONDON: Top global banks consolidated their stranglehold on the $6.6 trillion a day global foreign exchange market...

Published 12 Jul, 2021 05:26am

Business & Finance

Britain carves out exemption for gold clearing banks from Basel III rule

LONDON: Banks clearing gold trades in London can apply for an exemption from tighter capital rules due in January...

Published 11 Jul, 2021 04:01am

Markets

UBS joins peers to track how lending affects environment, jobs

The new reporting standards will mark the first time such measurements will have been attempted on this scale in the financial sector.

Published 30 Jun, 2021 11:25am

Markets

Meggitt, real estate stocks lead FTSE 250 higher

LONDON: British midcaps edged higher on Thursday, outperforming the blue-chip index for a third straight session led...

Published 28 May, 2021 04:08am

Markets

Meggitt, real estate stocks lead FTSE 250 higher; Equiniti shines

The domestically focused FTSE 250 index rose 0.1pc, with aero and defence stocks adding 1.7pc. Meggitt gained 3.1pc after UBS upgraded the stock to "neutral" from "sell".

Published 27 May, 2021 10:32pm

Business & Finance

EU fines banks 371m euros over bond trading cartel

BRUSSELS: The European Commission fined top banks including UBS and Unicredit a total of 371 million euros ($452...

Updated 21 May, 2021 09:43am

Markets

Gold gains on hopes for low rates post bleak US jobs data

US jobs growth slows sharply in April.
Dollar hovers close to over 2-month low.
UBS raises palladium price forecasts.

Published 10 May, 2021 05:14pm

Business & Finance

UniCredit's new boss opens door to M&A after strong quarter

Strong trading gains, fees drive Q1 profit beat.
New CEO says to consider M&A to accelerate strategy.
Moving on from phase of 'cautious retrenchment'.
Reviving lending business, boost to revenues a priority.
To hold investor day in H2.
Trims FY revenue forecast, improves loan-loss outlook.

Published 06 May, 2021 08:43pm

Markets

European shares down

AMSTERDAM/LONDON: European stocks ended a shade lower on Tuesday as optimism over strong British earnings was offset...

Published 28 Apr, 2021 03:18am

UBS, Nomura push global banks’ Archegos losses over $10bn

ZURICH: UBS reported an unexpected $774 million loss on Tuesday from the collapse of US investment fund Archegos,...

Published 28 Apr, 2021 03:18am

Markets

European shares end lower as UBS unveils Archegos hit, travel stocks soar

UBS ends at a two-month low.
Travel & leisure index hits record high.
Global markets in holding pattern ahead of Fed.

Published 27 Apr, 2021 09:16pm

Business & Finance

UBS profits up despite Archegos hit

UBS profits for the first quarter were up 14 percent at $1.8 billion.

Published 27 Apr, 2021 04:38pm

Markets

UBS Q1 profit up 14% as Switzerland's No. 1 bank unveils Archegos charge

First-quarter net profit of $1.824 billion overshot median expectations for $1.591 billion in a poll of 20 analysts compiled by the bank.

Published 27 Apr, 2021 12:16pm

Business & Finance

UBS rolls out bonus for young bankers facing pandemic pressures

"We know that maintaining your work-life balance is challenging given the demanding deal pipeline and existing remote working environment," Global Banking co-heads Ros Lesperance and Javier Oficialdegui wrote in a memo seen by Reuters and confirmed by UBS.
Mental health issues in investment banking have been exacerbated by the COVID-19 pandemic and banks have responded by rolling out additional help and measures for employees.

Published 22 Apr, 2021 08:39pm

Business & Finance

New UniCredit chief sees technology at core of every decision

Orcel, former head of investment banking at UBS, started in his new role on Thursday, after narrowly overcoming an investor revolt over an up to 7.5 million euro ($9 million)pay package that makes him one of Europe's best-paid bank executives.
"Getting this right in a time frame that will have a material impact is critical to the success of our business, for the service that we provide for our clients and for our customers," he said.

Published 16 Apr, 2021 08:03pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 26	278.40
USD PKR Interbank Buying / Jul 26	278.20
USD to Japanese Yen / Jul 26	153.77
USD to Swiss Franc / Jul 26	0.88
Pound Sterling to USD / Jul 26	1.29
Euro to USD / Jul 26	1.09

Stock	Volume
S&P 500 / Jul 25	5,399.22
Nasdaq / Jul 25	17,181.72
Dow Jones / Jul 25	39,935.07
India Sensex / Jul 26	80,709.64
Tokyo Nikkei / Jul 26	37,865.35
Hang Seng / Jul 26	17,058.55
FTSE 100 / Jul 26	8,255.78
Germany DAX 30 / Jul 26	18,346.62

Item	Value
Crude Oil USD/Barrel / Jul 26	78.38
Karachi Cotton PKR/37.32 KG / Jul 26	17,035
Gold 10 Grams PKR / Jul 26	215,621
Gold Spot USD/Ounce / Jul 26	2,374.19
Cotton US¢/pound / Jul 26	68.62
Petrol/Litre / Jul 27	275.60

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jul 27 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jul 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jul 27 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jul 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jul 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jul 27 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jul 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jul 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jul 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jul 27 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jul 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jul 27 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jul 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jul 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jul 27 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jul 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jul 27 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jul 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jul 27 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jul 27 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jul 27 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jul 27 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jul 27 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jul 27 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jul 27 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jul 27 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jul 27 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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