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  • ZURICH, Dec 18- Wealthy Asian investors are trading less, worried that trade tensions are tilting the global balance of power, Martin Blessing, co-head of wealth management at UBS, said. As geopolitical jitters and trade tensions have put pressure on its main business, Switzerland's biggest bank, which is also the world's largest wealth manager, is turning to...

  • UBS CO-HEAD OF WEALTH MANAGEMENT EXPECTS COMPETITIVE PRESSURE TO CONTINUE, MARGINS UNDER PRESSURE.

  • BEIJING, Dec 18- China's economy should grow 6.0-6.5 percent next year, with a boost from "moderately loose" economic policy, a researcher at the state planner said on Tuesday, dismissing concerns there could be a sharp slowdown. But Du Feilun, director of the Institute of Economic Research at the National Development and Reform Commission, said China won't revert...

  • BERLIN, Dec 18- German business morale fell in December, a survey indicated on Tuesday, suggesting that concerns among company executives about the growth outlook for Europe's biggest economy are rising. The Munich- based Ifo economic institute said its business climate index fell for the fourth month in a row to 101.0, its lowest level in more than two years.

  • ISLAMABAD, Dec 18- British Airways will resume flights to Pakistan next year after a 10- year absence that followed a major hotel bombing, becoming the first Western airline to restart flights to the South Asian nation. Richard Crowder, the Deputy British High Commissioner to Pakistan, told reporters in Islamabad BA's return was in large part due to "an...

  • *Hungarian 10- year bond spread over Poland widens further. BUDAPEST, Dec 18- Central European currencies eased before a meeting of the Hungarian central bank that's expected to keep its benchmark interest rate at a record-low 0.9 percent. Many investors expect the Federal Reserve to signal an economic slowdown at its Dec. 18-19 meeting, but Tuesday's Polish...

  • HONG KONG, Dec 18- Huawei Technologies on Tuesday said it would spend $2 billion over the next 5 years to focus on cybersecurity by adding more people and upgrading lab facilities, as it battles global concerns about risks associated with its network gear. The typically secretive Chinese technology giant made the comments at one of its most indepth press...

  • NEW DELHI, Dec 18- India's federal drug regulator said on Tuesday a Reuters report that Johnson& Johnson knew for decades that cancer-causing asbestos lurked in its baby powder was "under consideration." A spokeswoman for the Central Drugs Standard Control Organization told Reuters it was too early to say if a formal investigation would be launched into the...

  • Malaysia on Monday filed the charges in Kuala Lumpur against three Goldman Sachs units in connection with the bank's role as underwriter and arranger of three bond sales that raised $6.5 billion for 1 MDB. Malaysian authorities charged the Goldman units as well as former Goldman partner Tim Leissner, 1 MDB employee Jasmine Loo and Jho Low, the Malaysian...

  • LONDON, Dec 18- The British pound rose further away from 20- month lows on Tuesday, helped by a weaker dollar and confirmation Prime Minister Theresa May will seek parliamentary approval for her much-criticised Brexit deal in mid-January. But the prime minister pledged on Monday to get assurances from the European Union before mid-January to try and break a...

  • In remarks lasting nearly an hour-and-a-half, Xi called for support for the state economy and development of the private sector, and said China would expand efforts at opening up and ensure the implementation of major reforms. China's substantial support of its sprawling state sector is a point of contention with the United States. Xi was speaking on the day...

  • The London Eye, the Big Ben clock tower and the City of London financial district are seen from the Broadway development site in central London, Britain, August 23, 2017. 

    Economic growth in the U.K. looks set to be the weakest since the country's last recession, according to a forecast from the British Chambers of Commerce.

  • *Japan's Nikkei closes at 8-1/ 2- month low. Germany's Ifo economic institute said its business climate index fell for the fourth month in a row to its lowest level in more than two years, adding to the global growth worries. Blue-chip bourses in London, Paris and Frankfurt fell as much as 0.8 percent in early trade with oil stocks leading the decline as crude prices...

  • Dec 18- Emerging market shares fell for a third straight day on Tuesday after Wall Street slid to its lowest levels in more than a year following a run of weak data around the world. Stocks in China and Hong Kong fell as investors gauged the impact of a cooling economy. Investors will now be eyeing China's annual Central Economic Working Conference, to be held in...

  • U.S. crude oil fell $2.04, or 4.1 percent, to a low of $47.84, its weakest since September 2017, before recovering to around $48.10 by 0920 GMT. North Sea Brent crude fell $2.41, or 4.0 percent, to a low of $57.20, a 14- month low, and last traded around $57.61, down $2.00. "A large part of the move is due to a broader market sell-off, with both U.S. and Asian equity markets coming...

  • LONDON, Dec 18- The euro rose on Tuesday as the dollar weakened, with investors betting that growth concerns will prompt the Federal Reserve to slow its pace of interest rate hikes at this week's meeting. A rout on Wall Street following a spate of weak data globally has strengthened the view that the Fed's widely-expected rate hike on Wednesday will usher in a...

  • LONDON, Dec 18- German government bond yields fell to their lowest in almost a week on Tuesday after U.S. stocks plunged overnight, driving five-year U.S. Stocks dropped in the United States to their lowest levels in more than a year on Monday. "Europe is catching up on the price action, and the technical picture is that further weakness could be forthcoming," said ING...

  • SHANGHAI, Dec 18- A temporary truce in the China-U.S. trade war appears to have also defused some depreciation pressure on the yuan. The trade conflict between China and the United States has punished the yuan this year, sending it skidding more than 10 percent against the dollar between late-March highs and the end of November. But forward points, which measure...

  • JOHANNESBURG, Dec 18- Nedbank shares fell by more than 4 percent on Tuesday after a South African newspaper reported that Nigeria's financial regulator had launched a probe into its West African associate Ecobank. Nedbank, which is one of South Africa's four largest lenders, holds a 21 percent stake in Ecobank and its relationship with the Togo- based lender was...

  • *Spot gold may rise into $1,253- $1,258/ oz- technicals. "A lot of investors are expecting that the Fed will defer interest rate hikes and may not look to raise them quickly," said Brian Lan, managing director at dealer GoldSilver Central in Singapore. $1,251 would be the next level that gold will likely test with support at $1,245. "