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UBS

Swiss bank UBS to be tried in France over tax fraud

Swiss bank UBS to be tried in France over tax fraud

Swiss banking giant UBS will go on trial in France for establishing a wide-ranging tax fraud scheme, legal sources told AFP on Monday.

HSBC, UBS stop issuing P-Notes as India steps up clampdown

HSBC, UBS stop issuing P-Notes as India steps up clampdown

A number of foreign investors including HSBC and UBS have stopped issuing controversy-ridden P-Notes as regulatory and enforcement agencies step up their clampdown on misuse of this once-popular instrument among foreigners to invest in Indian markets.

UBS sets Nifty target at 8,800 by 2017-end

UBS sets Nifty target at 8,800 by 2017-end

Global brokerage UBS has set the Nifty target at 8,800 by 2017-end and noted that risk-reward ratio for the investors is not yet attractive in the near term.

FIIs remain overweight on Indian markets: UBS

FIIs remain overweight on Indian markets: UBS

Foreign Institutional Investors remain overweight on Indian markets on recovery hopes in the second half of the current fiscal as well as long-term growth outlook, says a UBS report.

Singapore shuts Falcon bank unit, fines DBS and UBS over 1MDB

Singapore shuts Falcon bank unit, fines DBS and UBS over 1MDB

Singapore`s central bank on Tuesday shut down a second Swiss bank in the city-state and fined banks DBS and UBS in its biggest crackdown on alleged money-laundering activities connected with Malaysian sovereign fund 1MDB.

7th Pay Commission: Panel award to spur savings more than consumption, says UBS

7th Pay Commission: Panel award to spur savings more than consumption, says UBS

Global brokerage UBS has taken a contrarian line to the general view that the 7th Pay panel award would boost demand, saying the move is expected to drive savings more than consumption.

Vodafone chooses Kotak, UBS, ICICI for $2 billion share sale

Vodafone chooses Kotak, UBS, ICICI for $2 billion share sale

Close to launching an Initial Public Offering (IPO), Vodafone has picked six investment banks, including Kotak, ICICI and UBS, for the over USD 2 billion share sale process, as per media sources.

Indian retail interest in stock markets may be faltering: UBS

Indian retail interest in stock markets may be faltering: UBS

Retail investor interest in domestic stock markets may be faltering as one-year returns have turned negative, global financial services major UBS said in a report.

UBS sees Nifty at 8,200 by year-end

UBS sees Nifty at 8,200 by year-end

Global financial services major UBS on Tuesday said it is "overweight" on India but sees limited room for a re-rating and forecast an end-2016 Nifty target of 8,200.

RBI to cut rates in H2 again on falling inflation: UBS

RBI to cut rates in H2 again on falling inflation: UBS

Even as the price indices have moved up in recent months, Swiss brokerage UBS expects the same to fall during the second half and expects RBI to cut the repo rate again by 25 basis points in this fiscal and 50 basis points next year.

Swiss authorities probe 7 banks for price fixing in metals market

Swiss competition authorities said Monday they were investigating UBS, HSBC, Deutsche Bank and four other banks on suspicion of price fixing in the precious metals market.

London fifth-priciest city in the world but earnings lag behind: UBS

London is the fifth most expensive city in the world to live in but wage levels have failed to keep up compared to other major centres, a report by Swiss Bank UBS has found.

 

UBS cuts year-end Nifty target by 5% to 8,200

Global brokerage firm UBS has trimmed its Nifty target for December-end by nearly 5 percent to 8,200 from 8,600 earlier on account of slower-than-expected recovery in India's economic growth.

UBS cuts India's growth forecast to 7.1% for FY16

Swiss brokerage UBS has revised downwards India's GDP growth projection for the current fiscal to 7.1 percent, from 7.5 percent earlier, on account of weaker external demand prospects.

UBS pays $1.7 mn for `apparent` sanctions violations

The Swiss bank UBS has agreed to pay US authorities $1.7 million to settle "apparent" violations of rules banning transactions benefiting officially designated terrorists, the Treasury Department said Thursday.

'India, China witness uptrend in mobile banking'

Mobile banking has risen significantly in emerging market economies like India and China and the number of such users globally is expected to double in the next four years, a KMPG and UBS research says.

Ex-UBS, Citigroup trader jailed for 14 years for rigging Libor rates

A trader who worked for UBS and Citigroup was jailed Monday for 14 years by a London court after becoming the first person to be found guilty by a jury of rigging the benchmark Libor inter-bank lending rate.

Ex-UBS, Citigroup trader convicted in UK of Libor rigging

A trader who worked for UBS and Citigroup on Monday became the first person to be convicted by a jury in Britain of rigging the benchmark Libor inter-bank lending rate.

UBS posts 53% rise in second quarter profits

Switzerland's largest bank UBS on Monday posted second quarter profits of 1.2 billion Swiss francs ($1.25 billion, 1.1 billion euro), a 53 percent rise over the same period last year, which beat expectations.

UBS posts 53% rise in second quarter profits

Switzerland's largest bank UBS on Monday posted second quarter profits of 1.2 billion Swiss francs ($1.25 billion, 1.1 billion euro), a 53 percent rise over the same period last year, which beat expectations.