Global Markets Steady but Recession Fears Remain
LONDON/SINGAPORE/TOKYO—Tentative calm returned to global markets on Wednesday, with the euro steadying after dropping to a two-decade low ...
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LONDON/SINGAPORE/TOKYO—Tentative calm returned to global markets on Wednesday, with the euro steadying after dropping to a two-decade low ...
Highlights: Dollar near two-decade high vs euro Euro huddles at 20-yr low; sterling squeezed European stocks rebounds after steep drop Tentative calm returned to global markets on Wednesday, with the euro steadying after dropping to a two-decade low and oil back above $100 a barrel following a near 10% plunge a day earlier. The single currency traded at $1.025, a fraction
Wealth held by women in Asia (not including Japan) will surge to more than $7 trillion by 2025.
The digital expert who jump-started UBS' platform plans is leaving for a job at a Swiss financial start-up, finews.com has learned.
SINGAPORE - Swiss bank UBS's Asia Pacific business achieved its best-ever quarterly wealth management performance in the first three months of the year. Profit before tax for its Asia Pacific arm rose 21 per cent year on year to US$0.9 billion for the three months to March 30. Assets under management reached an all time high of US$761 billion, up 40 per cent year on year, while invested assets under the global wealth management unit jumped 42 per cent to US$576 billion. Asia Pacific president Edmund Koh said: "Asia Pacific started off the year at a record pace, achieving the region's best-eve...