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UBS considers retaining Credit Suisse`s India unit - Bloomberg News UBS Group AG is considering retaining Credit Suisse Group AG's private banking unit in India after the emergency rescue of its smaller rival last month, Bloomberg News reported on Wednesday citing people familiar with the matter.
UBS considers retaining Credit Suisse`s India unit - Bloomberg News
UBS considers retaining Credit Suisse`s India unit - Bloomberg News
Source: Reuters
12/04/2023 10:45:09 AM
Deutsche Bank shares slump as another major bank comes into spotlight Deutsche Bank shares slumped on Friday, putting the health of another globally systemic important bank in the spotlight heading into the weekend, MarketWatch reported. The German lender's shares fell 8 per cent in Frankfurt trade, and the Euro Stoxx bank index fell 4 per cent. Deutsche Bank's 5-year credit-default swaps widened on Thursday. It should be noted that Deutsche Bank's 5-year credit-default swap, which was 175 on Thursday, is nowhere near the peak for Credit Suiss...
Deutsche Bank shares slump as another major bank comes into spotlight
Deutsche Bank shares slump as another major bank comes into spotlight
Source: IANS
24/03/2023 5:32:01 PM
Asia Pacific markets edge lower after UBS rescue of Credit Suisse Asia Pacific markets edged slightly lower on Monday as investors reacted to news of a Credit Suisse bailout by its bigger rival UBS. In Hong Kong, the Hang Seng Index tumbled 1.5 per cent at its opening, CNN reported. Japan's benchmark Nikkei index fell 0.7 per cent, while South Korea's Kospi was flat in morning trade. The S&P/ASX 200 in Australia slipped 0.8 per cent. On Sunday, Switzerland's biggest bank, UBS, agreed to buy Credit Suisse in an emergency rescue de...
Asia Pacific markets edge lower after UBS rescue of Credit Suisse
Asia Pacific markets edge lower after UBS rescue of Credit Suisse
Source: IANS
20/03/2023 11:47:47 AM
Credit Suisse faces crucial weekend with its future in balance Credit Suisse Group AG headed into a make-or-break weekend after some rivals grew cautious in their dealings with the struggling Swiss lender, and its regulators urged it to pursue a deal with UBS AG. Credit Suisse Chief Financial Officer Dixit Joshi and his teams will hold meetings over the weekend to assess strategic scenarios for the bank, people with knowledge of the matter said on Friday. Swiss regulators are encouraging UBS and Credit Suisse to merge, one source with knowledge of ...
Credit Suisse faces crucial weekend with its future in balance
Credit Suisse faces crucial weekend with its future in balance
Source: Reuter
18/03/2023 10:12:28 AM
India benchmark bond yield seen at 7.50%, rupee at 84 by March - UBS` Rohit Arora India's benchmark 10-year bond yields are expected to rise on the back of higher government borrowings, while the rupee could see steep depreciation by end of this financial year as pressure on emerging market currencies resurfaces, a rates strategist with UBS told Reuters on Tuesday. "For the fiscal year end, we are forecasting the 10-year India bond yield at around 7.50%," Rohit Arora, senior emerging markets forex and rates strategist at UBS Global Research ...
India benchmark bond yield seen at 7.50%, rupee at 84 by March - UBS` Rohit Arora
India benchmark bond yield seen at 7.50%, rupee at 84 by March - UBS` Rohit Arora
Source: IANS
6/12/2022 4:07:25 PM
U.S. dollar advances before Fed decision; Swedish hike fails to boost crown  The dollar ascended close to a two-decade high on Tuesday, as investors geared up for another aggressive interest rate hike from the Federal Reserve, the main focus in a week packed with central bank meetings. The Fed started a two-day meeting on Tuesday, with rate futures traders pricing in an 83% chance of a 75 basis-point hike and a 17% probability of a 100 bps of tightening. The dollar index was on track for its fifth weekly gain in six and was last up 0.5% at 110.10 <=USD&...
U.S. dollar advances before Fed decision; Swedish hike fails to boost crown
U.S. dollar advances before Fed decision; Swedish hike fails to boost crown
Source: Reuters
21/09/2022 9:03:49 AM
UBS upgrades RIL scrip to Buy from Neutral Swiss brokerage UBS Securities on Tuesday upgraded Reliance Industries Limited's (RIL) shares to buy from neutral with a 12-month price target of Rs 2,900-Rs 3,150. On Tuesday, the scrip was changing hands at about Rs 2,438. According to UBS, the key among Reliance Industries' stock price performance drivers are new investment opportunities to deploy large cash flows profitably. With India's commitment to net-zero carbon emissions by 2070, UBS estimates it as an $20 trill...
UBS upgrades RIL scrip to Buy from Neutral
UBS upgrades RIL scrip to Buy from Neutral
Source: IANS
26/07/2022 1:39:48 PM
Jio's healthy earnings show telecom industry digesting impact of tariff hikes Reliance Jio's healthy Q4 results shows the industry is digesting the impact of tariff hikes in the form of meaningful increase in its average revenue per user, said multinational investment bank UBS. In December 2021, 20-25 per cent tariff hike was taken by Airtel, Vodafone Idea, and Reliance Jio. Jio's Q4FY22 revenues were up 8 per cent quarter on quarter and 20.4 per cent year on year, aided by 20 per cent tariff hikes, effective from December, and improving customer mix. ...
Jio's healthy earnings show telecom industry digesting impact of tariff hikes
Jio's healthy earnings show telecom industry digesting impact of tariff hikes
Source: IANS
10/05/2022 8:51:17 AM
Gold poised for weekly gain on sustained safe-haven demand  Gold prices were little changed on Friday, as firmer U.S. Treasury yields offset non-yielding bullion's demand, but the metal was cautiously on course for its best week in three. Spot gold XAU= was flat at $1,956.87 per ounce at 1012 GMT, holding near its highest since March 14 hit on Thursday. U.S. gold futures GCv1 shed 0.3% to $1,956.60. Risks around Russia and Ukraine and talks about inflationary pressures have supported gold, StoneX analyst Rhona O'Connell said. Go...
Gold poised for weekly gain on sustained safe-haven demand
Gold poised for weekly gain on sustained safe-haven demand
Source: Reuters
25/03/2022 6:53:51 PM
Nifty is due for a pause, may even ease in early part of 2022: Report Even after the GDP bounce-back off the low Covid-19 base, India can manage a 7.7 per cent expansion in FY23 and hence deliver growth that is almost unrivalled globally, UBS said in a report. Yet, after a stellar two years for the Nifty where it even left the S&P behind at times (even in US Dollar terms), we believe the valuation does not fully reflect upcoming headwinds, the report said. These include rising interest rates both globally and in India, and importantly, the return of I...
Nifty is due for a pause, may even ease in early part of 2022: Report
Nifty is due for a pause, may even ease in early part of 2022: Report
Source: IANS
3/01/2022 3:39:34 PM
Formal sector gained market share during Covid while informal economy suffered The formal sector appears to have gained market share during the Covid-19 pandemic, while the unorganised/informal economy has suffered and which is not adequately captured in the GDP numbers currently, foreign brokerage UBS said. The effects of the pandemic have adversely affected the employment and income levels of the workers in the informal sector largely in the non-agriculture sector in rural areas and high contact services sector in urban areas, the report said. "We expect re...
Formal sector gained market share during Covid while informal economy suffered
Formal sector gained market share during Covid while informal economy suffered
Source: IANS
12/11/2021 3:22:30 PM
UBS logs surprise 9% rise in Q3 net profit ZURICH - UBS posted a 9% rise in third-quarter net profit on Tuesday, as continued trading helped the world's largest wealth manager to its best quarterly profit since 2015. Its third-quarter net profit of $2.279 billion far outpaced a median estimate of $1.596 billion from a poll of 23 analysts compiled by Switzerland's largest bank. "Our business momentum, our focus on fueling growth, on disciplined execution and on delivering our full ecosystem to clients - all of this l...
UBS logs surprise 9% rise in Q3 net profit
UBS logs surprise 9% rise in Q3 net profit
Source: Reuters
26/10/2021 10:39:55 AM
Better performance for ASEAN markets compared to extremely expensive India: UBS Capital markets house, UBS sees better relative performance for the ASEAN stock markets versus "extremely expensive India" in addition to a double upgrade for China to overweight. "We started this year with a strong preference for ASEAN over China and Taiwan. While it has taken ASEAN a while to get going, not least given the impact of COVID-19 variants and a slower vaccine roll out that we anticipated, we still think there's more to go in relative performance in the sh...
Better performance for ASEAN markets compared to extremely expensive India: UBS
Better performance for ASEAN markets compared to extremely expensive India: UBS
Source: IANS
20/10/2021 12:21:40 PM