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Switzerland
GENEVA, April 24- Sugar prices will only start to recover towards 2020 as a global glut of stocks will continue to weigh, the chief executive of the world's largest sugar trader Alvean said on Tuesday. Rising production in India, Thailand and the European Union has led to an oversupply of sugar in the world market and white sugar futures on ICE fell to their weakest...
CARACAS, April 24- Venezuela's hyperinflation has turned the struggling OPEC nation's once-powerful banks into warehouses of useless cash that are worth a total of only $40 million, according to a Reuters analysis of regulatory data. Although banks such as Citigroup Inc and Spain's BBVA are maintaining operations in the hopes of better times, the value of the...
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The recent drop in Swiss francs has brought a slight relief to watch-maker Swatch, the company's CEO told CNBC Tuesday.
*Analyst sees European Central Bank "stuck in a corner". BERLIN, April 24- Business morale in Germany, France and Italy-- the euro zone's three biggest economies-- deteriorated in April as a stronger currency and capacity constraints limited output, signalling that growth in the currency bloc has reached its peak. But surveys suggest that growth has steadily slowed...
Financial markets and economists have been spooked this year by moves from Donald Trump's U.S. administration to ramp up tariffs on countries such as China. "We are all aware that an escalation of protectionist threats from the United States would dampen growth everywhere," Villeroy de Galhau, who is also governor of the French central bank, said at the City Week...
*French survey echoes similar data in Germany. PARIS, April 24- French industrial morale dipped in April, reflecting concerns elsewhere in the euro zone that growth in the bloc is weakening as the impact of a stronger currency starts to bite. The French survey echoed a similar finding in Germany, Europe's biggest economy, with data on Tuesday also showing that...
Nick Hayek says that China has done the right thing by creating "a middle class that can really consume."
Nick Hayek speaks about his business' latest earnings report and the influence of the Swiss franc.
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**LONDON- ECB policymaker and French central bank governor Francois Villeroy de Galhau speaks at two events in London on Europe beyond Brexit- 0800 GMT. LONDON- Bank of England Executive Director for Banking, Payments and Financial Resilience Andrew Hauser will participate in a panel discussion at the SWIFT Business Forum 0820 GMT. LONDON- Valdis Dombrovskis,...
**LONDON- ECB policymaker and French central bank governor Francois Villeroy de Galhau speaks at two events in London on Europe beyond Brexit- 0800 GMT. LONDON- Bank of England Executive Director for Banking, Payments and Financial Resilience Andrew Hauser will participate in a panel discussion at the SWIFT Business Forum 0820 GMT. LONDON- Valdis Dombrovskis,...
ZURICH _ UBS AG on Monday reported first-quarter earnings of $1.6 billion. The bank, based in Zurich, said it had earnings of 41 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.
The Zurich- based bank said net income rose to 1.51 billion Swiss francs in the first quarter, from 1.27 billion francs a year earlier and following a 2.34- billion-franc loss in the fourth quarter. The bank said its wealth management unit had record adjusted pre-tax profit in the Americas and Asia-Pacific. Asset management took in 27 billion francs in new money,...
LONDON, April 20- The Swiss franc, long a place to park cash during times of stress- and away from the taxman's eyes- may be losing its cachet, not least for Russian tycoons who face growing crackdown risks, from local regulations as well as at home. The franc slid on Thursday to 1.20 per euro, the level at which the Swiss National Bank in January 2015 abruptly abandoned as...
Gildas Surry, senior analyst at Axiom Alternative Investments, speaks about UBS' strategy.
Sergio Ermotti speaks about how the bond market is affecting his business.
Sergio Ermotti speaks about his bank's first-quarter earnings report.
UBS beat market expectations with a 19 percent jump in net profit for its first quarter, boosted by strong equity trading activity.
TUESDAY, APRIL 24 LONDON- Bank of England Executive Director for Banking, Payments and Financial Resilience Andrew Hauser will participate in a panel discussion at the SWIFT Business Forum 0820 GMT. LONDON- Valdis Dombrovskis, European Commission Vice President speaks in London on financial stability and the financial services industry ahead of Brexit.
TUESDAY, APRIL 24 LONDON- Bank of England Executive Director for Banking, Payments and Financial Resilience Andrew Hauser will participate in a panel discussion at the SWIFT Business Forum 0820 GMT. LONDON- Valdis Dombrovskis, European Commission Vice President speaks in London on financial stability and the financial services industry ahead of Brexit.
WASHINGTON— The International Monetary Fund and the World Bank repeatedly warned at their meetings this week that intensifying trade tensions could jeopardize a healthy global economic expansion. Mnuchin met during the past three days with financial officials from China, Japan and Europe over a series of punitive tariffs unveiled by the Trump...
