A month after the Shanghai-Hong Kong trading link opened, demand has subdued and most activity has come from short-term speculative traders.» Read More
HSBC is expected to set aside about $640 million to cover the cost of an investigation into suspected manipulation of FX markets. The FT reports.
JAKARTA, Oct 31- Indonesia's mining-to-telecoms conglomerate Bakrie Group will negotiate with creditors to restructure part of its $8 billion in debt rather than sell major assets, people familiar with its strategy say. Some creditors sued one Bakrie company in New York while a Jakarta supplier has asked an Indonesian court to supervise a debt...
NEW YORK, Oct 30- U.S. stock index futures pointed to a slightly lower open on Thursday despite a reading on third-quarter economic growth that was stronger than expected. Gross domestic product grew at a 3.5 percent annual rate in the third quarter, beating expectations for a pace of 3 percent, though down from the 4.6 percent rate in the second quarter.
NEW YORK, Oct 30- U.S.-listed shares of major European banks were among the biggest movers of the premarket session on Thursday, continuing to see weakness ever since the results of the European Central Bank's stress tests were published over the weekend. The Euro STOXX banking index fell 2.9 percent and is down 6.6 percent so far this week, putting the index on...
European stocks ended the day firmly in positive territory on Tuesday, as investors prepared for a key monetary policy decision from the U.S.
UBS posted forecast-beating net profits of $802 million but warned on litigation charges of $1.9 billion.
Sergio Ermotti, CEO of UBS, says geopolitical issues need to be resolved before clients come back to the market with a "constructive attitude".
Sergio Ermotti, CEO of UBS, says he is confident the bank has started to address the litigation issues but the timescale for resolution is out of his hands.
Sergio Ermotti, CEO of UBS, says the ECB's stress tests were "credible and tough", adding that the banking sector still faces "a lot of headwinds".
China is asserting control over local government financing by filling the gap with a huge expansion of the fledgling municipal bond market.
NEW YORK, Oct 17- UBS AG sued Croatia in New York federal court on Friday, claiming the republic owes it $45 million in principal and interest on defaulted debt assumed after the breakup of Yugoslavia. In 2001, the country's remaining external debt was divvied up among Croatia and the other successor states to Yugoslavia: Bosnia and Herzegovina, Macedonia,...
Oct 14- A UBS AG unit will pay $5.2 million in a settlement with Puerto Rico's financial institutions regulator over the firm's practices involving sales of Puerto Rico closed-end bond funds whose values later plunged. UBS Financial Services Inc of Puerto Rico has agreed to pay $1.7 million in restitution to 34 Puerto Rico residents who invested in the funds...
The U.K. government plans to sell its stake in the Eurostar train operator that links Britain with the European continent, George Osborne announced.
Wall Street is spending more on the midterms than ever before—particularly in support of the GOP—but it's not from whom you might think.
A harsh northern hemisphere winter, OPEC supply cut and volatile geopolitics may send oil prices back towards $100 a barrel.
Axel Weber, Chairman of UBS, says both countries need to get control of their respective budgets, warning that any violation of European rules will be a detrimental mistake.
The Justice Department is preparing a fresh round of attacks on the world's biggest banks, the New York Times reports.
SAO PAULO, Oct 6- Brazilian cellphone tower operator T4U Holding Brasil SA delayed the pricing of a 500 million-real initial public offering for a month as concern over the nation's presidential election hampered sentiment ahead of investor meetings, two sources with direct knowledge of the deal said on Monday. T4U, which is controlled by Israel's Fishman...
Dark pools continued to gain equity trading at the expense of public exchanges in Europe last month, Thomson Reuters data showed.
The Japanese government has selected Nomura Securities and JP Morgan among the 11 underwriters for a planned IPO of state-owned Japan Post.