Australia-based mining logistics firm BIS Industries is buying industrial transport company Powertrans for USD30 million in a debt-funded transaction which will be finalized in January.
- Citigroup CEO Shares How Inflation Affects Consumer Behavior; Jane Fraser Says Low-Income Americans Now More Cautious With Spending
- Tesla Enters 4th Week of Layoffs as Elon Musk Announces New Job Cut Round, Making More and More Employees Hopeless
- Xi Jinping Urges France to Resist 'New Cold War' Amid EU's Shift Towards US Alliance
Prior to meeting with UK's Members of the Parliament regarding claims that Royal Mail's shares in its initial public offering were undervalued, UBS issued a note to investors saying that they need to divest their shares in the postal service.
The Swiss National Bank sold the bailout fund of UBS for USD3.762 billion.
More than seven banks are changing projecting that the European Central Bank would cut its interest rates after its meeting this November.
The U.S. Supreme Court dismissed a shareholder derivative lawsuit filed against UBS by pension plans in Puerto Rico.
Analysts of UBS boosted their sales projections for Apple and increased their price target to USD560 per share.
Steve Milunovich, an analyst from UBS, said Apple's iPhone M would outsell the company's flagship smartphone iPhone 5s next year.
The Swiss National Bank said that they are open to sell back the UBS assets that they took on during the global financial crisis.
Swiss banking giant UBS settled with the US Federal Housing Finance Agency to pay USD 885 million to Fannie Mae and Freddie Mac.
According to analysts, Apple Inc would only cut US$50 on the original price of iPhone so that it could maintain gross margins range of 36%-37%.
According to UBS, Apple needed to enhance it services and earn from new products for US$500 each stock.
The lack of immediate upgrades from Apple was said to be accountable for the decreasing demand for high-end smartphones.
UBS stated that it outperformed other share-sale underwriters in the Southeast Asian Region thanks to big deals in Indonesia, Thailand and the Philippines.
Capital One Financial Corp. was negotiating with UBS regarding 250,000 square feet of offices on Park Avenue, Manhattan.
Wolfgang Schaeuble initiated exploratory talks with the chairman of UBS about its stake in Commerzbank.
Subscribe to VCpost newsletter
Most Popular
- IRS Scrambles to Address Huge Gap in Audit Rates Between Black, Other Taxpayers
- Paramount Reportedly Greenlights Buyout Discussions with Sony, Apollo As Skydance Deal Fades
- Former Seafood Giant Red Lobster Nears Bankruptcy Due To Declining Sales and Mismanagement
- Chicago Teachers Union Urges New Contract, Including $95K Salary, 100% Abortion Coverage, and Migrant Housing Funding
- Biden Administration Halts US Ammunition Shipment to Israel; Tel Aviv ‘Unaware’ of Washington’s Decision
- US Accuses Russia of Quietly Shipping Refined Petroleum to North Korea at Levels Violating UN Cap
- Cryptocurrency Trader Loses $70 Million in 6 Hours in So-called ‘Address Poisoning’ Scam
- Joe Biden Administration Sanctions Hundreds of Companies to Choke Russia's Supplies of Military Technology