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UBS AG

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  • *New South Wales wants $10 bln for 49 pct of electricity network. Rooftop solar installations are booming and on-grid energy use is falling just as the government of New South Wales state prepares to offer a 49 percent stake in its electricity distribution network for around $10 billion, likely to one or more strategic investors.

  • UBS posts profit rise, books German tax charge Tuesday, 29 Jul 2014 | 4:51 AM ET

    UBS posted a second-quarter net profit of 792 million Swiss francs, as it booked a $280 million charge to help settle litigation in Germany.

  • We're committed to Russian market: UBS CEO     Tuesday, 29 Jul 2014 | 2:38 AM ET

    Sergio Ermotti, CEO of UBS, says the company will have to "respect" any sanctions imposed on Russia but the Swiss bank is "committed" to the country's clients.

  • Sergio Ermotti, CEO of UBS, says the 1.1 billion euro guarantee payment demanded by French authorities in relation to allegations of money-laundering isn't justified.

  • UBS sees profits rise, probed over trading system Tuesday, 29 Jul 2014 | 1:45 AM ET

    UBS AG said its net profit for the April-June period rose to 792 million Swiss francs from 690 million francs in the comparable period in 2013.. Shares in UBS slid 1.81 percent to close at 16.32 francs in Zurich trading Tuesday.

  • UBS model working in 'tough' conditions: CEO     Tuesday, 29 Jul 2014 | 1:00 AM ET

    Sergio Ermotti, CEO of UBS, says the Swiss bank's business model is working in "tough market conditions" as it posted a second-quarter net profit of 792 million Swiss francs ($875 million).

  • Business events scheduled for Tuesday Monday, 28 Jul 2014 | 2:10 PM ET

    WASHINGTON— Standard& Poor's releases S&P/Case-Shiller index of home prices for May, 9 a.m.. WASHINGTON— The Conference Board releases the Consumer Confidence Index for July, 10 a.m.. WASHINGTON— House Energy and Commerce subcommittee hearing on EPA's proposed clean power plan and grid reliability challenges.

  • Summer's busiest week for markets is here Friday, 25 Jul 2014 | 6:10 PM ET
    Traders work on the floor of the New York Stock Exchange (NYSE) on Friday.

    A crush of big cap earnings and arguably the most important economic reports until September make next week the busiest of the summer for markets.

  • Brian Zwerner, a former manager of Bank of America's municipal derivatives desk, was sentenced to spend three years on probation and pay a $10,000 fine by U.S. According to court papers he has also agreed to pay Bank of America $890,000 and settle related U.S. Securities and Exchange Commission civil charges.

  • Why gold prices will remain lower for longer Friday, 25 Jul 2014 | 1:12 AM ET
    Gold coins and bullion

    After gold futures fell to a five week low, analysts told CNBC prices were set to remain depressed for the rest of the year.

  • July 23- Britain's markets regulator and a group of global banks are in talks to reach a first settlement in a currency-rigging probe, with a deal possible this year, Bloomberg reported.

  • Why China hasn’t seen more defaults Wednesday, 23 Jul 2014 | 7:08 PM ET

    Despite dire predictions that China faced a slew of defaults, few mainland borrowers have welshed amid various stripes of government intervention.

  • NEW YORK, July 23- A federal judge on Wednesday said banks faced an uphill battle in convincing her to dismiss a U.S. regulator's claims that they misled Fannie Mae and Freddie Mac into buying mortgage-backed securities that later went sour.

  • July 22- Detroit will head into the critical phase of its historic bankruptcy case next month with the backing of an overwhelming majority of its active and retired workers and with opposition from a small, hard-core group of hold-out creditors.

  • G-20 watchdog: Libor alternatives by 2016 Tuesday, 22 Jul 2014 | 2:24 PM ET

    The Financial Stability Board said work should also start on Libor alternatives, such as so-called "nearly risk-free reference rates."

  • Documents filed in U.S. Bankruptcy Court show the city's current and retired police and fire employees, along with other active and retired city workers, will accept benefit cuts to help Detroit shed some of its $18 billion of debt in the largest-ever U.S. municipal bankruptcy case.

  • UBS wealth arm assets near $2 trillion 'milestone' Thursday, 17 Jul 2014 | 3:50 AM ET

    Swiss bank UBS saw 15.4 percent growth in its wealth management business for 2013, firmly securing its position as world leader in the sector.

  • **September 2012: Agrees to pay $2.43 billion to settle claims it hid crucial information from shareholders when it bought investment bank Merrill Lynch& Co at the height of the financial crisis.

  • Ex-UBS exec to head JPMorgan probe-hit China unit Thursday, 10 Jul 2014 | 2:05 AM ET
    David Li, Former UBS' chairman of China operations.

    JPMorgan has picked David Li, formerly of UBS, to head its China business, which has been rocked by a probe into its hiring practices in the region.

  • *Luye Pharma one of scores of firms expected to relist in HK, China. HONG KONG, July 9- Shares in China's Luye Pharma Group Ltd jumped as much as 18 percent in its Hong Kong market debut on Wednesday, bolstering prospects for other so-called " China orphan" firms that had been previously listed elsewhere.