Search Results for: UBS
Oil slides after Saudi cuts to US prices
November 4th, 2014
Oil prices fell sharply on Tuesday after Saudi Arabia on Monday lowered the price it charges customers in the US in an effort to prop up its share of the American market. West Texas Intermediate fell as much as ...
Is Better Communication Longer and More Complex?
November 4th, 2014
Twenty years ago, when the Federal Reserve Open Market Committee wanted to change interest rates, it didn’t make any announcement. It just took action, and market participants observe those actions. Mark Wynne of the Federal Reserve Bank of Dallas ...
SoftBank Cuts Annual Profit Forecast 10% on Sprint
November 4th, 2014
SoftBank Corp. (SFT), the Japanese wireless carrier led by billionaire Masayoshi Son, cut its full-year profit forecast 10 percent on widening losses at its Sprint Corp. unit in the U.S. Sprint, acquired in 2013 for $22 billion, is eliminating ...
Jury acquits ex-Swiss banker in tax-dodging case
November 4th, 2014
Raoul Weil acquitted of charges he helped wealthy Americans to hide $20B from the IRS. A federal jury acquitted a former top Swiss banking executive of U.S. charges that he conspired with wealthy Americans to hide $20 billion in ...
Merkel Toughens Position on Britain’s E.U. Demands
November 4th, 2014
Prime Minister David Cameron of Britain, under mounting pressure from anti-European populists, continued to insist on new measures limiting the right of Europeans to live and work there. Chancellor Angela Merkel of Germany has indicated that she is prepared ...
Gulf economies edge toward reform as oil price slides
November 3rd, 2014
When Kuwait’s government said last month that it planned to raise domestic prices of diesel fuel and kerosene, some angry Kuwaitis took to Twitter to denounce the move as unfair. The austerity measures are small compared to the tens ...
Israeli police arrests Mexican Bitcoin blackmail
November 3rd, 2014
A 34 year old man was arrested at Ben Gurion Airport in Tel Aviv on suspicion he had stolen information during the last few months and demanded Bitcoin worth millions of shekels in order not to disclose information. Cyber ...
RBS Leans Towards Naming EY As New Auditor
October 31st, 2014
Royal Bank of Scotland (RBS) is leaning towards appointing the smallest of the big four accountancy firms as its new auditor, a move that would spell the end of its relationship with Fred Goodwin’s erstwhile employer. RBS is closing ...
MintPal Vows to Fight Former Moolah CEO in Court
October 31st, 2014
The owners of the troubled digital currency exchange MintPal are moving to take legal action against former Moopay LTD CEO Alex Green. Green, who was once known as Ryan Kennedy, is accused of stealing as much as 4,000 BTC ...
RBS Returns to Profit, Sets Aside $639 Million for FX Probe
October 31st, 2014
Royal Bank of Scotland Group Plc (RBS), Britain’s largest taxpayer-owned lender, had third-quarter profit that beat analyst estimates even as it set aside 400 million pounds ($639 million) for a currency rigging probe. The bank posted net income of ...
