Trends - UBS - Business Recorder

UBS

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

Business & Finance

Credit Suisse in search of new map after losing way with Archegos

Credit Suisse takes $4.7 bln loss from Archegos affair.
Hedge fund hit follows Greensill collapse fund failure.
Shares in Credit Suisse fall 25% since March 1.
Investors await Lloyds CEO as new Credit Suisse chairman.

Published 07 Apr, 2021 05:33pm

Markets

S&P 500 nears 4,000 points for the first time, Biden's spending plan on deck

The $3 trillion-$4 trillion infrastructure package will target traditional projects like roads and bridges alongside investments in the electric vehicle market.

Updated 01 Apr, 2021 12:01am

Markets

European stocks up

ROTTERDAM/LONDON: European stocks edged higher in a choppy session on Monday, weighed down by Credit Suisse shares,...

Published 30 Mar, 2021 05:45am

Business & Finance

Adam Neumann's final WeWork act: helping SoftBank's SPAC deal

Neumann was locked in a fierce legal battle at the time with SoftBank over a $3 billion deal for a portion of his and other investors' stake in the office space-sharing company.
Ranadivé's SPAC had been looking for an acquisition target after raising $420 million in an IPO in August.

Published 29 Mar, 2021 07:04pm

Business & Finance

Macquarie prepares gas pipeline Open Grid Europe for sale

Macquarie's European Infrastructure Fund 4 (MEIF4) is working with Macquarie Capital and UBS on the divestiture, the people said.
OGE was MEIF4's first investment, which was followed by acquisitions of gas grids in the Czech Republic and Italy, European wind farms and broadcasting towers as well as hydro power plants and utilities.

Published 24 Mar, 2021 06:50pm

Business & Finance

Russia readies for IPO flurry that will raise at least $10bn this year, says UBS

This year could be best for equity raisings from Russia since 2007 given the global liquidity boost and the fact that Russia was overlooked and underinvested in the recent past.
On a price-to-earnings ratio, Russian stocks' discount to their emerging and developed market peers has widened this year from 2020 levels, returning to the historical average of around 50%.

Updated 16 Mar, 2021 10:02pm

Business & Finance

JPMorgan's Southeast Asia M&A chief joining Barclays

Singapore-based Tay, currently on gardening leave, has been with JPMorgan for a decade and previously worked in the M&A team at UBS in New York and at other firms including Standard Chartered.
At Barclays, senior banker Sandeep Pahwa who is vice chairman and head of Asia Pacific client coverage, will become chairman, while handing over the Southeast Asia responsibilities to Tay, one of the sources said.

Updated 16 Mar, 2021 10:01pm

Business & Finance

UniCredit to pay new CEO Orcel up to 7.5m

MILAN: UniCredit's new Chief Executive Andrea Orcel will receive up to 7.5 million euros ($9 million) in annual pay,...

Published 14 Mar, 2021 04:13am

Business & Finance

UniCredit to pay new CEO Orcel up to 7.5mn euros, documents show

A hearing on the case was postponed due to the coronavirus crisis from Wednesday and rescheduled for April 7.
In joining another employer, UniCredit, Orcel relinquishes any deferred payments that would have been due from UBS.

Updated 13 Mar, 2021 09:10pm

Markets

Oil surges $2 after OPEC+ extends output cuts

LONDON: Oil prices jumped more than 3% on Friday, hitting their highest levels in over a year after OPEC and its...

Published 06 Mar, 2021 05:01am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 26	278.58
USD PKR Interbank Buying / Apr 26	278.28
USD to Japanese Yen / Apr 26	158.33
USD to Swiss Franc / Apr 26	0.91
Pound Sterling to USD / Apr 26	1.25
Euro to USD / Apr 26	1.07

Stock	Volume
S&P 500 / Apr 26	5099.96
India Sensex / Apr 26	73730.16
Tokyo Nikkei / Apr 26	37934.76
Nasdaq / Apr 26	15927.90
Hang Seng / Apr 26	17651.15
FTSE 100 / Apr 26	8139.83
Dow Jones / Apr 26	38239.66
Germany DAX 30 / Apr 26	18161.01

Item	Value
Crude Oil USD/Barrel / Apr 26	83.85
Karachi Cotton PKR/37.32 KG / Apr 26	20535
Gold 10 Grams PKR / Apr 26	210048
Gold Spot USD/Ounce / Apr 26	2337.96
Cotton US¢/pound / Apr 26	80.90
Petrol/Litre / Apr 29	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 29 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 29 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 29 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 29 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 29 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 29 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 29 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 29 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 29 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 29 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 29 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 29 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 29 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 29 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 29 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 29 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 29 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 29 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

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

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