While the yen's sharp drop has driven the Nikkei to near seven-year highs, the quick decline is also spurring concerns over the economy.» Read More
Willem Nabarro, Head of European Equities at Exane-BNP Paribas says that UBS' core business is looking strong as the bank moves towards wealth management and that the bank could become a gold standard for the finance industry.
LONDON, Oct 31- Former UBS trader Kweku Adoboli said on Wednesday that he and Jerome Kerviel, the Societe Generale ``rogue trader'', got into trouble only because they had lost money for their employers. Adoboli, 32, was arrested on Sept. 15, 2011, and blamed for losses of $2.3 billion.
Key currencies stayed in recent ranges on Wednesday, waiting for developments in Europe on efforts to solve the debt crisis and for the U.S. monthly jobs report on Friday as well as China's official manufacturing PMI on Thursday. Financial spreadbetters expect London's FTSE 100, Paris's CAC-40 and Frankfurt's DAX to open as much as 0.2 percent lower.
*MSCI Asia ex- Japan up 0.3 pct, Nikkei gains 1.4 pct. The MSCI index of Asia-Pacific shares outside Japan rose 0.3 percent, off a two-week low hit on Tuesday. ``The U.S. has been closed two nights but Europe's been okay so there are no real negatives at this stage,'' said Winston Sammut, investment director at Maxim Asset Management in Sydney.
SYDNEY, Oct 31- The yen drifted off a one-week high against the dollar on Wednesday thanks to a general improvement in risk appetite, paring gains made after the Bank of Japan balked at delivering bolder action to kickstart growth.
LONDON, Oct 30- World shares rose modestly in subdued trading on Tuesday as investors and traders readied for U.S. markets to reopen after a massive storm that wrought destruction across the eastern United States.
LONDON, Oct 30- World shares rose modestly in subdued trading on Tuesday as investors waited to see the full impact of a massive storm that wrought destruction across the eastern United States.
LONDON, Oct 30- British oil group BP Plc raised its dividend on Tuesday, confident it can fight back from a devastating U.S. oil spill with a big pile of cash, a rejigged business in Russia and a focus on exploration and production.
LONDON, Oct 30- World shares rose modestly while the dollar weakened on Tuesday as the initial impact of a massive storm in the United States looked to have been less severe than feared.
LONDON, Oct 30- British oil group BP Plc raised its dividend on Tuesday, confident it can bounce back from a devastating U.S. oil spill with a rejigged business in Russia and a focus on exploration and oil production over fuel refining and gas.
LONDON, Oct 30- World shares rose modestly while the dollar fell on Tuesday as the initial impact of a massive storm in the United States looked to have been less severe than feared.
LONDON, Oct 30- The yen rose broadly on Tuesday after monetary easing steps from the Bank of Japan's disappointed some market players who had positioned for a more aggressive increase in asset purchases. That has seen the yen unwind a lot of the softer tone we saw going into this meeting,'' said Jane Foley, senior currency strategist at Rabobank.
SYDNEY, Oct 30- The yen held near four-month lows versus the dollar on Tuesday as markets counted down to a certain policy easing by the Bank of Japan, though investors fear it will again stop short of the bold action the economy needs.
*Euro falls on worries over Greece, Spain. The euro was down slightly versus the dollar, hurt by uncertainty over whether Greece can agree to a deal on austerity and with no sign of when Spain might request aid.
*MSCI Asia ex- Japan down 0.2 pct, Nikkei flat. European shares were seen as lacklustre, with financial spreadbetters expecting London's FTSE 100, Paris's CAC-40 and Frankfurt's DAX to open down about 0.1 percent.
NEW YORK, Oct 26- A Republican win in the US presidential election on November 6 may not be as bullish for financial markets as many believe if the latest equity and rates moves are anything to go by. Romney had consistently trailed about seven percentage points in the Reuters/ Ipsos daily tracking poll of the popular vote but now leads Barack Obama by one point.
PARIS, Oct 26- S&P's move this week to cut credit ratings of French banks and signs the government is increasingly reluctant to embark on rapid economic reform are prompting investors to ask whether France can still justify its generous borrowing rates.
LONDON, Oct 26- European equity markets eased on Friday, on track for their worst week in a month on the back of a raft of gloomy corporate outlooks and a darkening technicals picture.
Only the Bill Gates or the Warren Buffetts of the world could come up with the breathtaking sum an appeals court demanded Jerome Kerviel reimburse to Societe Generale as punishment for committing one of the biggest trade frauds in history. I think the judgment is protecting Societe Generale. "
LONDON, Oct 12- Peripheral banks unwilling or unable to lengthen their maturity profiles are building up a redemption hump which they will have to face just as billions of euros of cheap ECB money is coming up for repayment.