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Eur/usd’s downside limited from daily perspective

Markets Weaker-than-expected August ADP job creation and a downward revision to (outdated) US Q2 growth & PCE (core) inflation triggered a kneejerk mo...

August 31, 2023, 6:56 am

Microsoft will split teams from office in europe after eu pressure

Microsoft will allow business customers in Europe to buy its video and chat app Teams separately from its Office software,...

August 31, 2023, 6:30 am

Ubs to axe 3,000 swiss jobs as part of us$10 billion cost-cutting drive

UBS Group AG (NYSE:UBS) plans to cut 3,000 jobs in Switzerland as part of a US$10 billion cost-cutting drive as it continues to bed in rival Credit Su...

August 31, 2023, 6:21 am

Johnson & johnson just cut an entire division. is it still a buy?

Johnson & Johnson is cutting its drug development efforts for infectious diseases. It hasn't said anything about ceasing sales of its products on the ...

August 31, 2023, 6:12 am

No more 'bodies in the cupboard' for ubs after credit suisse acquisition: lakefield partners

Bruno Verstraete, partner at Lakefield Partners, discusses the positive market reaction to UBS' massive second-quarter profit and announcement that it...

August 31, 2023, 6:11 am

Proxy adviser ethos: ubs should have spun off cs' swiss business

UBS should have spun off Credit Suisse's Swiss business, proxy adviser Ethos said on Thursday, after Switzerland's No. 1 bank annnounced plans to full...

August 31, 2023, 5:25 am

Steady tones so far on the day

The dollar is little changed for the most part with only the Japanese yen keeping a slender lead against the rest of the major currencies bloc so far ...

August 31, 2023, 5:09 am

Ubs reports $29 billion profit as it rules out domestic bank spinoff

UBS on Thursday reported a huge profit bump in the second quarter from acquiring Credit Suisse, as the Swiss banking giant decided to integrate the lo...

August 31, 2023, 4:59 am

Ubs to cut 3,000 jobs in credit suisse integration

UBS Chief Executive Officer Sergio Ermotti says, “we will have around 3,000 jobs that will be made redundant over the next years,” as he discusses...

August 31, 2023, 4:32 am

Ubs ceo sergio ermotti discusses first earnings report since credit suisse acquisition

UBS CEO Sergio Ermotti speaks to CNBC following the bank's first earnings report since its acquisition of stricken rival Credit Suisse was completed i...

August 31, 2023, 4:17 am

Shares in swiss bank ubs hit highest since late 2008

Shares in UBS hit their highest level since October 2008 on Thursday, extending a strong run that has put the Swiss bank well ahead of its European ri...

August 31, 2023, 3:14 am

Ubs sees around 3,000 redundancies integrating credit suisse in switzerland - ceo

UBS expects around 1,000 jobs to go from integrating Credit Suisse's Swiss business, Credit Suisse (Schweiz), and an additional 2,000 redundancies in ...

August 31, 2023, 3:01 am

Ubs targets cost cuts of $10 billion as it absorbs credit suisse

UBS said Thursday that it expected to generate $10 billion in savings from a sweeping overhaul of the new global banking giant created by its emergenc...

August 31, 2023, 2:31 am

Ubs seeing inflows across platforms, ceo ermotti says

UBS Group AG Chief Executive Officer Sergio Ermotti discusses the bank's strategy and its integration of Credit Suisse. The Swiss lender posted th...

August 31, 2023, 2:25 am

Awp: global reit fund with an unsustainable distribution

The abrdn Global Premier Property is marketed as a global real estate fund, but it simply buys a portfo...

August 31, 2023, 2:00 am

Aud/usd popped a little higher on the chinese pmis and the batch of australian data

China's manufacturing PMI improved in August but remains in contraction. Baby steps for this data series it s<...

August 31, 2023, 1:52 am

Ubs begins next act in credit suisse merger

UBS booked a record $29 billion net profit last quarter after it integrated Credit Suisse into its books....

August 31, 2023, 1:44 am

Ubs earning results are 'historic,' says analyst

Gildas Surry of Axiom Alternative Investments discusses the bank's second-quarter results, the first since the Credit Suisse takeover....

August 31, 2023, 1:32 am

Factbox: key figures for ubs, including credit suisse

Following are figures from UBS's second-quarter report, its first earnings announcement since taking over rival Credit Suisse....

August 31, 2023, 1:24 am

Ubs posts $29 billion second-quarter profit in first results since credit suisse takeover

UBS on Thursday posted a second-quarter profit of $28.9 billion in its first quarterly earnings since Switzerland's largest bank completed its takeove...

August 31, 2023, 1:03 am


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