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Dec 19- Asia's top companies grew slightly more confident on their business outlook in the fourth quarter, reversing two consecutive quarters of declining confidence, according to the latest Thomson Reuters/INSEAD Asia Business Sentiment Survey, published on Wednesday.
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SEOUL, Dec 19- Business sentiment among Asia's top companies improved slightly in the fourth quarter, reversing two consecutive quarters of declines, while global economic uncertainty remained the biggest concern for the region's firms, a Thomson Reuters/ INSEAD survey showed.
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SINGAPORE, Dec 19- Business sentiment among Asia's top companies improved slightly in the fourth quarter, reversing two consecutive quarters of declines, while global economic uncertainty remained the biggest concern for the region's firms, a Thomson Reuters/ INSEAD survey showed.
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ZURICH, Dec 19 Reuters)- Switzerland's UBS is set to pay the second-largest fine ever levied on a bank on Wednesday when it admits that a group of its traders rigged Libor interest rates. Zurich- based UBS will pay around $1.5 billion for the manipulation of yen Libor between 2005 and 2010 by 36 of its staff around the globe, a source familiar with the matter has said.
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GENEVA, Dec 18- "Happy Taxation" is a 2011 book by Pascal Broulis, finance minister of the Swiss canton of Vaud and celebrant of the low taxes that distinguish Switzerland. Now Europe's governments have turned the spotlight on the incentives Switzerland offers companies.
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LONDON, Dec 18- The number of new medicines approved or pending approval is on the rise on both sides of the Atlantic, painting an encouraging picture for the global drugs industry as it emerges from a wave of patent expiries.
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ZURICH/ LONDON, Dec 17- UBS AG will pay around $1.5 billion to settle charges that a group of traders at its Japanese unit rigged Libor interest rates, a source familiar with the matter said on Monday as the Swiss bank prepares for a deal with regulators.
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MEXICO CITY, Dec 17- Currency market intervention has cost South America's central banks more than $13 billion in the last 2-1/ 2 years but they are likely to maintain their defenses against hot money inflows if a fresh rush of cheap money sparks another round of currency wars.
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*Fine could be as much as $1.6 bln, more than Barclays'- report. LONDON/ ZURICH, Dec 17- UBS AG is expected to be hit with a $1 billion- plus fine to settle charges of rigging Libor interest rates this week, making it the second bank to be brought to book for its role in the global scandal.
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ZURICH/ LONDON, Dec 14- UBS will admit to criminal wrongdoing by its Japanese arm, where one of the Swiss bank's traders manipulated yen Libor and euroyen contracts, to secure a $1- billion- plus settlement with regulators, people familiar with the matter said on Friday.
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The Swiss government watered-down a plan to try to clean up the country's image as a haven for untaxed assets.
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*Penalty would be more than twice that on Barclays. Such a penalty, more than double the $450 million fine levied on British bank Barclays in June for related conduct, indicates the scope of the misconduct by UBS could dwarf that exposed by Barclays' settlement.
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LONDON, Dec 14- BNP Paribas was named "Bank of the Year" by International Financing Review on Friday, recognising France's biggest bank for its aggressive moves to boost capital and liquidity.
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LONDON, Dec 14- BNP Paribas was named "Bank of the Year" by International Financing Review on Friday, recognising France's biggest bank for its aggressive moves to boost capital and liquidity. IFR is a Thomson Reuters publication.
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*Australia contractor Leighton selling NextGen to cut debt. HONG KONG, Dec 14- KKR& Co LP has jumped into the auction for the fibre-optics business being sold by Australian contractor Leighton Holdings Ltd, a source familiar with the process told Reuters, eyeing a business that analysts say could fetch as much as A $870 million.
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Swiss bank UBS faces a combined fine of about $1 billion, a person familiar with the situation said on Thursday.
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The usual year-end tax tasks are complicated by the possibility over going over the "fiscal cliff."
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WASHINGTON, Dec 13- New U.S. jobless claims fell sharply last week to a near four-year low and retail sales rebounded in November, hopeful signs for an economy that appears to have slowed sharply in the fourth quarter. New claims fell for a fourth straight week, dropping 29,000 to a seasonally adjusted 343,000, the Labor Department said on Thursday.
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WASHINGTON, Dec 13- U.S. retail sales rose in November and jobless claims fell sharply last week, hopeful signs for an economy that appears to have slowed sharply in the fourth quarter. Retail sales rose 0.3 percent, rebounding from a 0.3 percent decline in October, the Commerce Department said on Thursday.
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With tablets and other mobile devices the gadgets of choice this holiday season, Reuters canvassed over 70 shoppers and store employees across Sydney, Seattle, Palo Alto, Shanghai, Bangalore, Singapore, Paris, London, Mexico City and Boston for insight into what does and doesn't beckon.