China stocks rise as sentiment improves SHANGHAI: Mainland China stocks ended higher on Thursday and Hong Kong closed at a five-month high, as sentiment... Published 26 Apr, 2024 04:15am
Markets China stocks higher as investors gauge US rate outlook SHANGHAI: China stocks closed up on Wednesday and tracked global peers higher as market sentiment was buoyed by... Published 25 Apr, 2024 03:05am
Markets STOXX 600 falls on banks drag; tech contains losses on ASMI boost PARIS: Europe’s benchmark stock index dropped on Wednesday as financials sagged on disappointing earnings from... Published 25 Apr, 2024 03:05am
Markets US crude futures climb back into positive territory HOUSTON: US crude futures returned to positive territory on Monday after falling on easing fears of a wider Mideast... Published 23 Apr, 2024 03:41am
Business & Finance Five waves of UBS layoffs to start in June VIENNA: Layoffs under Swiss banking giant UBS’s cost-cutting programme announced after its takeover of Credit Suisse... Updated 22 Apr, 2024 09:25am
Business & Finance UBS reports 14.4 million Swiss francs for CEO Ermotti in 2023 ZURICH: UBS on Thursday said its CEO Sergio Ermotti picked up 14.4 million Swiss francs in 2023 after taking over... Published 28 Mar, 2024 01:40pm
Business & Finance UBS sells $8bn of Credit Suisse assets to Apollo ZURICH: UBS has sealed the sale of Credit Suisse’s securitised products business to Apollo Global Management as part... Published 28 Mar, 2024 07:20am
Business & Finance UBS sells $8 billion of Credit Suisse assets to Apollo ZURICH: UBS has sealed the sale of the securitised products business of Credit Suisse to Apollo Global Management,... Published 27 Mar, 2024 01:29pm
Business & Finance UBS to boost Asia-sourced assets to 20% in five to six years, CEO says HONG KONG: UBS plans to tap growth in Asia and increase assets sourced from clients in the region to 20% in five-six... Published 26 Mar, 2024 02:18pm
Life & Style Big hotel chains and unbranded-hotel owners find they need each other NEW YORK: Independent hotel operators and giant global chains are increasingly linking up in franchise agreements as... Published 25 Mar, 2024 03:49pm
Markets China stocks fall as Country Garden drags property developers lower SHANGHAI: China stocks closed down on Wednesday, dragged by property developers as Country Garden missed a coupon... Published 14 Mar, 2024 03:00am
Business & Finance UBS posts $279-mn Q4 net loss after Credit Suisse takeover ZURICH: Swiss banking giant UBS on Tuesday posted a smaller-than-expected net quarterly loss of $279 million, amid... Published 06 Feb, 2024 12:04pm
Business & Finance UniCredit vows to match 2023 income after beating forecast MILAN: UniCredit pledged to match its 2023 income this year despite a toughening backdrop and said it would pay out... Published 05 Feb, 2024 01:37pm
Business & Finance UBS unveils big branding push after Credit Suisse takeover ZURICH: UBS on Tuesday unveiled its biggest branding campaign since 2016 to drive growth, spending tens of millions... Published 23 Jan, 2024 02:33pm
Markets China stocks rebound from 5-year lows SHANGHAI: China stocks closed up after touching their lowest in nearly five years, as some exchange-traded funds(E... Published 19 Jan, 2024 05:37am
Markets Oil prices rise on global demand forecasts NEW YORK: Oil prices rose on Thursday as the International Energy Agency (IEA) joined producer group OPEC in... Published 19 Jan, 2024 05:37am
Business & Finance UBS nominates Australian banking executive to board ZURICH: UBS has nominated Australian financial executive Gail Kelly to its board, the Swiss bank said on Friday,... Published 12 Jan, 2024 12:07pm
Markets Gold headed for best year since 2020 BENGALURU: Gold edged up on Friday as it looked set to mark its best year in three, supported by expectations that... Published 31 Dec, 2023 03:04am
Business & Finance China’s yuan firmer SHANGHAI: China’s yuan firmed against a weakening US dollar on Thursday, as the dollar index fell in late session... Published 29 Dec, 2023 02:58am
Business & Finance Australia’s ANZ posts record FY profit, investors fret over mortgage pressure Australia’s fourth-biggest lender, ANZ, said on Monday surging demand for its institutional banking services... Published 13 Nov, 2023 11:24am
Business & Finance UBS posts bigger loss than expected as it absorbs Credit Suisse ZURICH: UBS on Tuesday posted a larger-than-expected loss in the third quarter as it integrates Credit Suisse... Published 07 Nov, 2023 01:52pm
Markets China stocks end lower; HK track global peers higher SHANGHAI: China stocks closed lower on Thursday, hurt by concerns around economic recovery, while Hong Kong shares... Published 03 Nov, 2023 06:11am
Business & Finance Yen rises after Japan ramps up intervention warning NEW YORK: The struggling yen rose from a one-year low against the US dollar and a 15-year trough versus the euro on... Published 02 Nov, 2023 03:15am
Markets China stocks end up on $137bn sovereign bond issue plan HONG KONG: Chinese stocks rose on Wednesday after the country’s top parliamentary body approved an additional 1... Published 26 Oct, 2023 06:08am
Business & Finance UBS to cut Credit Suisse investment bank staff in Spanish overhaul ZURICH: UBS is cutting nearly half of the staff it inherited from Credit Suisse in Spain in the latest restructuring... Published 25 Oct, 2023 08:13pm
Markets Bond buyers dip toes in long-term Treasuries despite higher-for-longer rate fears NEW YORK: Some investors are increasing exposure to longer term US Treasuries in the midst of a historic sell-off,... Published 19 Oct, 2023 10:22am
Markets China, HK stocks fall SHANGHAI: Chinese stocks closed lower on Friday after consumer price data suggested domestic demand is still under... Published 14 Oct, 2023 05:32am
Markets European shares fall 1pc as bond yields surge PARIS: European shares sank to fresh six-month lows on Tuesday, dragged lower by rate-sensitive utilities and miners... Published 04 Oct, 2023 06:20am
Markets UBS and China’s ICBC to explore banking, wealth management ties HONG KONG: Swiss banking group UBS said on Tuesday it had signed a memorandum of understanding with the world’s... Published 26 Sep, 2023 04:31pm
Business & Finance UBS to absorb Credit Suisse domestic unit, eyes 3,000 job cuts ZURICH: Banking giant UBS said Thursday it plans to fully absorb Credit Suisse’s century-old Swiss division and... Published 01 Sep, 2023 05:41am
