South Africa producer inflation slows to 2.7% y/y in July
JOHANNESBURG South Africa's producer inflation slowed to 2.7% year on year in July from 4.8% in June, statistics
2023-08-31 17:47
Thailand's economic recovery on track but exports weigh
BANGKOK Thailand's economic recovery remained on track in July as private spending increased and the tourism sector expanded
2023-08-31 17:27
Inflation in Europe stuck at 5.3% in August
Consumer prices in the 20 countries that use the euro rose 5.3% on average this month compared with a year ago, preliminary estimates by Europe's statistics office showed Thursday.
2023-08-31 17:25
After Credit Suisse takeover, UBS begins cost drive by axing 3,000 Swiss jobs
By Noele Illien and Oliver Hirt ZURICH (Reuters) -UBS Group embarked on a sweeping plan to cut more than $10
2023-08-31 17:21
UBS to cut 3,000 jobs after Credit Suisse takeover
The Swiss bank reports bumper profits following the rescue of its rival but staff face redundancies.
2023-08-31 17:16
Traders Are Bailing on the Euro as Talk of Stagflation Heats Up
Traders are abandoning the euro at pace as speculation grows the European Central Bank will struggle to tighten
2023-08-31 16:46
UBS to absorb Credit Suisse domestic unit, eyes 3,000 job cuts
Banking giant UBS said Thursday it plans to fully absorb Credit Suisse's century-old Swiss division and slash thousands of jobs across Switzerland, as it seeks...
2023-08-31 16:25
Seven & I Seals Deal to Sell Department Stores for $1.5 Billion
Seven & i Holdings Co. has finalized the sale of its Sogo & Seibu Co. department store chain
2023-08-31 15:53
A fire kills 15 in a Philippine factory, where rains and a wrong address delayed firefighters
A fire has killed 15 people in a small apparel factory in a Philippine residential area, where flooding, traffic and a wrong address delayed firefighters
2023-08-31 14:58
UBS reports huge 2Q profit skewed by Credit Suisse takeover, foresees $10B in cost cuts
Swiss bank UBS announced plans to save $10 billion in costs as it moves ahead with “full integration” of longtime rival Credit Suisse’s domestic operations, releasing its first earnings report since the government-orchestrated merger to help stave off a possible global financial meltdown
2023-08-31 14:46
UBS Smashes Banking Record as It Absorbs Credit Suisse
UBS Group AG posted the biggest-ever quarterly profit for a bank in the second quarter as a result
2023-08-31 14:46
Visual artists fight back against AI companies for repurposing their work
Three visual artists are suing artificial intelligence image-generators to protect their copyrights and careers
2023-08-31 14:20