Ubs Ag Stock News

By Brenna Hughes Neghaiwi ZURICH (Reuters) – UBS has been taking a conservative approach in dealing with fast-evolving sanctions imposed against Russian businesses and individuals over the invasion of Ukraine, Chief Executive Ralph Hamers said on Wednesday, saying all Russians were effectively “semi-sanctioned”.

Benzinga’s weekly Stock Wars matches up two leaders in a major industry sector with the goal of determining which company is the better investment. This week, the duel is between two online travel c

Aquis Exchange said it will take over UBS MTF, the non-displayed matching pool of UBS MTF Ltd (a subsidiary of UBS Group AG (NYSE:UBS)), subject to regulatory approval and completion. For members of t

The rankings are based on data in a UBS report on Indian Real Estate which has been sourced from PropEquity.

UBS slashed its price target on Neutral-rated Arrival on its view that expectations need to be kept in check. Read more.

An unrelenting focus on client need and a hybrid approach of ‘technology with a human edge’, leveraging the tech while still relying on experienced sales and trading teams to provide advice when it is needed most, led to a haul of awards for UBS

Russia has left Asian money managers with exposure to the resource-rich country grappling with what to do with their stock portfolios.Among the 52 equity funds that are available for sale in Asia and have Russian investments, 48 have incurred losses this year, according to data by research firm Morningstar. Funds run by big-name money managers BlackRock and UBS have not been spared the turmoil either – losing at least 52 per cent of their values and numbering among the worst performers – the…

Widespread lockdowns in China akin to the measures just taken in the southern technology hub of Shenzhen could affect half of the country’s gross domestic product.Authorities on Sunday placed Shenzhen’s 17.5 million residents into lockdown for at least a week amid a surge of Covid-19 infections in the city, an action that Bloomberg Economics said will deal a “direct hit” to Guangdong province, which accounts for 11% of GDP. As cases jump elsewhere, half of China’s GDP and population will be impacted by the latest outbreak, according to economists at Australia & New Zealand Banking Group Ltd.90197865“Previous steps to contain virus flareups left manufacturing unscathed for the most part,” Bloomberg Economics’ Chang Shu and David Qu wrote in a note Monday. The lockdown in Shenzhen will hit output in industries such as tech and machinery, which feed into global supply chains, they said.“The double hit to consumption and output, plus spillovers beyond China raise the stakes in this lockdown,” the economists added.The Shenzhen move comes as other parts of China try to battle the rapid spread of coronavirus.

The SEC just reminded China investors their stocks may soon be delisted.

CK Asset Holdings has sold a prime London office tower for £1.2 billion (US$1.6 billion) less than four years after acquiring it, the flagship company of Hong Kong’s wealthiest tycoon Li Ka-shing said on Friday.5 Broadgate, the London headquarters of Swiss investment bank UBS group, was bought by CK Asset in June 2018 for £1 billion, with proceeds from the sale of The Center office tower in Hong Kong.CK Asset said it expected a gain of about £108 million from the sale, according to a filing to…

Swiss bank UBS unveiled plans on Friday to cut its loan book financing of emissions caused by the oil and gas sector by 71% through 2030

Goldman Sachs and JPMorgan Chase are folding up their businesses in Russia as Wall Street banks follow western companies in withdrawing because of Moscow’s invasion of Ukraine. Hundreds of concerns have already curtailed activities in Russia including tech groups, food suppliers, accounting firms and energy producers. Goldman on Thursday disclosed plans to pull out of the country. JPMorgan, the largest US bank by assets, followed hours later. Both said they were acting in compliance with government instructions. Goldman has had a presence in Russia since 1998. Despite its decades there, the country makes up a small fraction of Goldman’s $2.8tn in assets and liabilities, with the bank disclosing last month that its exposure to credit losses in Russia was $650mn and its total market exposure was $414mn as of December. The New-York based bank, which employs close to 100 people in Russia where it has offered investment banking services, did not give a timeframe for when it would complete the wind-down. “In compliance with directives by governments around the world, we have been actively unwinding Russian business and have not been pursuing any new business in Russia,” JP Morgan said. “Current activities are limited, including helping global clients address and closeout pre-existing obligations; managing their Russian-related risk; acting as a custodian to our clients; taking care of our employees,” the bank added.

Deutsche Bank (DB) limits its exposure to Russia and Ukraine to avoid major impacts to its financials.

Vince Finney and Joe Panfil of Bibler, Finney, Panfil Private Wealth Management Group left UBS for Wells Fargo Advisors with partner Ryan Bibler in 2018. In a departure for our show that typically focuses on independence, it’s a candid conversation with a young team who didn’t break away, but instead transitioned within the traditional space.