News Muncher - searching for million

1 month, 3 weeks ago

OpenAI, valued at $157 billion, isn't profitable. Should that be normal?

Salon

OpenAI, as you likely know, is one of tech’s biggest unicorns. We need your help to stay independent Subscribe today to support Salon's progressive journalism In a 6,000-word Q&A with Altman, Bloomberg inquired how the company prices "technology that’s never existed before." "What if equity value has nothing to do with current or future profits, and instead is derived from …

Tech Company Profit Investors Billion Ubs Openai

Zomato shares to be in focus today. Here's why

India Today

Zomato shares are set to be in the spotlight today as the food delivery giant achieves a huge milestone, becoming the first new-age tech company to join the BSE Sensex’s 30-share index. Brokerage firm Nuvama has estimated inflows of $513 million into Zomato due to its inclusion in the Sensex, while JSW Steel may see outflows of $252 million. Brokerage …

Sensex Zomato Ubs Jsw Steel

2 months, 3 weeks ago

Are you ultra-rich, rich or merely affluent? It makes a big difference for your bank

Live Mint

Scale is crucial in the wealth-management business, but it needs to be the right kind of scale. Its American wealth business, which now amounts to $4.6 trillion in client assets, is so large that it yields a 29% pretax profit margin, according to estimates by Anke Reingen at RBC Capital Markets. Meanwhile, the U.S. wealth arm of its main global …

Wealth Assets Bank Net Worth Rich Big Ubs

2 months, 3 weeks ago

Survival of fittest as market hots up

China Daily

A Jidu Auto store in a shopping mall of Shanghai on Nov 27. December is expected to see sales exceed 3 million units, with 2024's total car sales likely surpassing 31 million due to favorable trade-in policies and carmakers' ongoing promotions, said Chen Shihua, deputy secretary-general of the China Association of Automobile Manufacturers. New energy vehicle sales in December will …

China Car Auto Sales Chen Vehicle Ubs

2 months, 3 weeks ago

Private Banks Boost Hong Kong Hiring to Woo Rich Chinese Clients

Live Mint

-- Wealth managers are ramping up hiring in Hong Kong to cater to an inflow of mainland Chinese money. Bank of Singapore has boosted staff in Hong Kong by 30%, while Julius Baer Group Ltd., a Swiss wealth manager, grew its office space in Hong Kong by 40% last year along with hiring. “This year, we’ve seen an increase in …

China Wealth Hong Kong Bank According Chinese Kong

3 months, 3 weeks ago

Petroleum demand forecast to peak by 2029

China Daily

Sinopec employees check CCUS equipment operations in Dongying, Shandong province. Amily Guo, the China refining and chemicals analyst at UBS Securities, said factors influencing petroleum demand in China include the rapid rise of electric vehicles, liquefied natural gas powered heavy trucks, and the adoption of new energy sources like hydrogen. "In summary, considering the varied growth trends of different petroleum …

Energy China Petroleum Demand Ubs Peak Guo

Petroleum demand forecast to peak by 2029

China Daily

Financial services provider UBS Securities recently predicted a peak in Chinese petroleum demand by 2029 and negative growth after 2030. Amily Guo, the China refining and chemicals analyst at UBS Securities, said factors influencing petroleum demand in China include the rapid rise of electric vehicles, liquefied natural gas powered heavy trucks, and the adoption of new energy sources like hydrogen. …

Energy China Demand Ubs Peak Guo Petroleum Products

6 months, 3 weeks ago

Antfin to sell shares in Zomato worth Rs 3,400 cr

New Indian Express

NEW DELHI: Antfin Singapore is reportedly looking to sell Zomato shares worth $408 million or about Rs 3,400 crore. Antfin sold 9.7 crore shares of Zomato in March for Rs 2,827 crore. Antfin Singapore Holding held 37.38 Cr shares, or a 4.3% stake, in Zomato at the end of the June quarter of 2024, according to exchange data. The fresh …

Zomato Shares

7 months, 2 weeks ago

Where are the world’s millionaires and how is wealth divided globally?

Al Jazeera

Almost half of the world’s wealth, 47.5 percent or $213 trillion, is held by just 1.5 percent of the global adult population. The world has at least 58 million US dollar millionaires, accounting for 1.5 percent of the global adult population, according to the 2024 UBS Global Wealth Report, which sampled 56 markets that account for 92 percent of global …

Global China Netherlands Million Ubs Wealth Growth Millionaires

10 months, 1 week ago

UBS Returns to Profit as Wealth, Investment Bank Drive Beat

Hindustan Times

UBS Group AG returned to profit after two loss-making quarters, with both wealth management and the investment bank adding to sustained progress in the integration of Credit Suisse after its emergency rescue last year. UBS Returns to Profit as Wealth, Investment Bank Drive Beat The Zurich-based bank said net income in the first quarter was $1.8 billion, compared with analysts …

Wealth Capital Profit Billion Ubs Swiss Credit Suisse

10 months, 1 week ago

UBS Returns to Profit as Wealth, Investment Bank Drive Beat

Hindustan Times

UBS Group AG returned to profit after two loss-making quarters, with both wealth management and the investment bank adding to sustained progress in the integration of Credit Suisse after its emergency rescue last year. UBS Returns to Profit as Wealth, Investment Bank Drive Beat {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} The Zurich-based bank said net income in the first quarter was $1.8 …

Wealth Bank Capital Profit Billion Ubs Swiss

11 months ago

UBS Weighs Credit Suisse China Stake Swap With Beijing Government

Live Mint

-- UBS Group AG is in discussions to attain full ownership of its China platform by swapping its holding in Credit Suisse’s onshore securities venture with a Beijing government investment fund, according to people familiar with the matter. The Zurich-based lender is proposing to buy its remaining 33% stake in UBS Securities Co. from Beijing State-Owned Assets Management Co. and …

China Credit Securities Chinese Beijing Billion Ubs

11 months ago

Why gold prices are at record highs

CNN

New York CNN — From central banks to Costco customers, it seems everyone is buying gold these days. Central banks may want to “diversify away” from US dollars and buy gold amid geopolitical uncertainty, according to an April 9 UBS research note. Chinese investors are looking to gold as an alternative asset amid downturns in property valuations and equity prices …

China Research Inflation Gold Prices Gold Prices Central Banks

1 year, 1 month ago

Swiss bank UBS reports pretax loss in 4Q, plans share buybacks after Credit Suisse deal wraps up

Associated Press

GENEVA — UBS on Tuesday reported a fourth-quarter pretax loss of more than $750 million as the Swiss banking giant continued to integrate its longtime rival Credit Suisse after a government-orchestrated merger. “While our progress over the next three years will not be measured in a straight line, our strategy is clear.” The bank said net new assets came in …

Loss Bank Million Quarter Ubs Swiss Credit Suisse

1 year, 7 months ago

Credit Suisse-Archegos mess: UBS slapped with $400 million fine

Live Mint

After failing to manage the finances of Credit Suisse, banking giant UBS is fined with $400 million by the US, Swiss and UK banking authorities. In a statement, the Federal Reserve said that Credit Suisse failed to “adequately manage the risk posed by Archegos despite repeated warnings”. In a consent order with the Federal Reserve, UBS agreed to pay $268.5 …

Credit Risk Ubs Swiss Credit Suisse Archegos Suisse Bank

1 year, 9 months ago

Former Papua New Guinean Prime Minister Peter O'Neill says police charged him with perjury

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

False Evidence Email Ubs New Guinea

1 year, 9 months ago

Credit Suisse directed to pay ex-Georgian PM $926 million by Singapore Court

Live Mint

The fallen giant Credit Suisse, a global investment bank and financial services firm, was asked by a Singapore Court to pay billionaire and former Georgian Prime Minister Bidzina Ivanishvili a total of $926 million for failing in its duty to safeguard his assets. The latest blow to the banking giant, Credit Suisse, based in Switzerland comes, after it was bought …

Georgia Singapore Credit Ubs Ivanishvili Credit Suisse Suisse

1 year, 10 months ago

Over $68 billion withdrawn from Swiss' Credit Suisse ahead of UBS merger

Hindustan Times

Tens of billions were withdrawn from Credit Suisse in the first three months of 2023, the bank's earnings report showed Monday, providing clues to the towering challenges ahead as UBS prepares an emergency takeover. The bank also reported deceptively bloated net profits for the quarter, Read here: Credit Suisse rescue package rejected by Swiss parliament Switzerland's long-time second largest bank …

Credit Bank Billion Quarter Switzerland Ubs Swiss

1 year, 11 months ago

Swiss cut up to $66M in bonuses for top Credit Suisse execs

Associated Press

GENEVA — The Swiss government says it’s ordered cuts to the bonuses of top executives of Credit Suisse, with nearly 1,000 managers being “deprived” of tens of millions combined as the troubled bank heads toward a forced merger with rival UBS. The rescue capped years of trouble at Credit Suisse — among 30 banks worldwide considered “systemically important” — after …

Cut Ubs Swiss Credit Suisse Million Francs

1 year, 11 months ago

Swiss cut up to $66M in bonuses for top Credit Suisse execs

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Swiss government says it's …

Credit Million Cut Ubs Swiss Credit Suisse Suisse

1 year, 11 months ago

Swiss prosecutors probe Credit Suisse ahead of UBS takeover

Associated Press

GENEVA — The Swiss attorney general’s office says it has opened a probe into the events surrounding embattled bank Credit Suisse, which is to be taken over by rival UBS. The attorney general’s office said Monday that it wanted to “proactively fulfill its remit and its responsibility to contribute to a clean Swiss financial sector.” It said that it has …

Credit Bank Ubs Swiss Credit Suisse

1 year, 11 months ago

US: Credit Suisse violates deal on rich clients’ tax evasion

Associated Press

GENEVA — Credit Suisse violated a plea agreement with U.S. authorities by failing to report secret offshore accounts that wealthy Americans used to avoid paying taxes, U.S. lawmakers said Wednesday, releasing a two-year investigation that detailed the role employees at the embattled Swiss bank had in aiding tax evasion by clients. Credit Suisse, whose yearslong troubles range from hedge fund …

Tax Credit Tax Evasion Tax Authorities Bank Senate Report

1 year, 11 months ago

Credit Suisse customers feel mix of anger, relief after sale

Associated Press

GENEVA — Fury at top Credit Suisse managers. On Swiss streets, emotions were running the gamut among Credit Suisse customers after the government this weekend orchestrated a takeover of the country’s second-largest bank by rival UBS — a bid to prevent further upheaval in the global financial system that began with the collapse of two U.S. banks. “My money is …

Geneva Credit Money Bank Switzerland Ubs Swiss

1 year, 11 months ago

Credit Suisse faces crucial weekend with its future in balance

Live Mint

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 …

Financial Banking Credit Bank Banks Ubs Swiss

Filters

Articles for Ubs, search results for million

OpenAI, valued at $157 billion, isn't profitable. Should that be normal?

Zomato shares to be in focus today. Here's why

Are you ultra-rich, rich or merely affluent? It makes a big difference for your bank

Survival of fittest as market hots up

Private Banks Boost Hong Kong Hiring to Woo Rich Chinese Clients

Petroleum demand forecast to peak by 2029

Petroleum demand forecast to peak by 2029

Antfin to sell shares in Zomato worth Rs 3,400 cr

Where are the world’s millionaires and how is wealth divided globally?

UBS Returns to Profit as Wealth, Investment Bank Drive Beat

UBS Returns to Profit as Wealth, Investment Bank Drive Beat

UBS Weighs Credit Suisse China Stake Swap With Beijing Government

Why gold prices are at record highs

Swiss bank UBS reports pretax loss in 4Q, plans share buybacks after Credit Suisse deal wraps up

Credit Suisse-Archegos mess: UBS slapped with $400 million fine

Former Papua New Guinean Prime Minister Peter O'Neill says police charged him with perjury

Credit Suisse directed to pay ex-Georgian PM $926 million by Singapore Court

Over $68 billion withdrawn from Swiss' Credit Suisse ahead of UBS merger

Swiss cut up to $66M in bonuses for top Credit Suisse execs

Swiss cut up to $66M in bonuses for top Credit Suisse execs

Swiss prosecutors probe Credit Suisse ahead of UBS takeover

US: Credit Suisse violates deal on rich clients’ tax evasion

Credit Suisse customers feel mix of anger, relief after sale

Credit Suisse faces crucial weekend with its future in balance