UBS is wealth management behemoth after Credit Suisse takeover | Business and Economy News
UBS on Monday said it had completed its emergency takeover of embattled local rival Credit Suisse, creating a giant Swiss bank with a balance sheet…
UBS on Monday said it had completed its emergency takeover of embattled local rival Credit Suisse, creating a giant Swiss bank with a balance sheet…
Godwin Emefiele arrested by state secret police at the weekend after his suspension by Nigeria’s president. Nigeria’s sovereign dollar-denominated bonds rose sharply as overseas investors…
The ‘plain-vanilla’ budget is unlikely to satisfy IMF, which could lead to the South Asian nation defaulting on debt. Pakistan’s government will target a budget…
More than a million people, mainly Uighurs and Muslim minorities, are detained in camps in China’s western Xinjiang region, experts have said. The United States…
Two-thirds of developing economies will see lower growth than in 2022, dealing a major setback to coronavirus pandemic recovery. The World Bank has raised its…
The United States Securities and Exchange Commission (SEC) has sued Coinbase, accusing the largest US cryptocurrency platform of operating illegally because it failed to register…
If the new device turns out to be a niche product, it would leave Apple in the same bind as other major tech companies. Apple…
The online retail giant’s entry could cause major disruptions in US telecom which has some of highest charges globally. Shares of Verizon Communications Inc, AT&T…
Amid an AI boom, the US chipmaker has added more than $500bn in value since the start of 2023. See how it compares with other…
India’s economic growth has accelerated to 6.1 percent in the January–to-March quarter, boosted by government and private capital spending even as private consumption remained sluggish,…
Global debt currently stands at $305 trillion, $45 trillion higher than before the COVID-19 pandemic, according to the Institute of International Finance (IIF) – a…
Tesla Chief Executive Elon Musk is on a high-stakes visit to China, starting with a meeting with the country’s foreign minister in Beijing, marking his…
The debt-ceiling deal between President Joe Biden and House Speaker Kevin McCarthy would suspend the United States’ debt limit through 2025 to avoid a federal…
Japanese stock market rises to the highest level since July 1990 after the US finalises deal to raise the debt ceiling. Japan’s Nikkei share average…
US president and House Speaker Kevin McCarthy confident they will be able to get enough support to avert unprecedented default. United States President Joe Biden…
A key index of United States prices ticked higher in April, and consumer spending rebounded, a sign that inflationary pressures in the economy remain high.…
While United States President Joe Biden and the Republicans fight about raising the limit on government borrowing to avoid a default on its debt, one…
US company dominates market for chips used to power ChatGPT and many similar services, a key reason behind its stock surge. Nvidia Corp stock has…
Federal Reserve Chair Jerome Powell said on Friday it is still unclear if US interest rates will need to rise further, as central bank officials…
Lead Republican negotiator on deb cap negotiations said talks have paused but White House said deal still possible. Talks between US House of Representatives Republicans…