Diversity helps UBS defy banking gloom with profit rise
UBS delivered its best second-quarter results in nearly a decade on Tuesday, as strength in Swiss retail and corporate banking helped to offset weakness in...
China’s BAIC buys 5% Daimler stake to cement alliance
China’s Beijing Automotive Group Co Ltd (BAIC) has bought a 5% stake in Daimler , cementing its relationship with the German carmaker after China’s Zhejiang...
ECB, Fed rate cut hopes lift global stocks, sterling sags
Expectations that the European Central Bank and Federal Reserve will cut interest rates boosted stocks globally, while the pound sagged on worries that likely new...
Oil rises on Mideast tensions, glum demand outlook caps gains
Oil prices edged up on Tuesday on concerns about possible supply disruptions in the Middle East, but a weaker demand outlook kept a lid on...
South Korea’s LG Display posts deeper second quarter loss on TV panel supply glut
South Korea’s LG Display Co Ltd on Tuesday posted a deeper second-quarter operating loss that missed analyst estimates, as a global supply glut pushed down...
China’s BAIC buys 5% Daimler stake; Daimler welcomes investment
Beijing Automotive Group Co Ltd said on Tuesday that it had purchased a 5% stake in German luxury carmaker Daimler ....
Power traders tackle renewables puzzle in Danish ‘Silicon Valley’
Far from the sprawling financial hubs of London or Frankfurt, high-tech traders in the Danish university city of Aarhus are driving rapid change in European...
ECB, Fed rate cut hopes lift stocks, sterling sags
Expectations that the European Central Bank and Federal Reserve will cut interest rates boosted stocks globally, while the pound sagged on worries that likely new...
Australian regulator moves to prescribe stricter terms for executive pay
Australia’s prudential regulator on Tuesday said it intends to prescribe stricter terms on executive pay policies of the country’s large banks, retirement funds and insurers...
Oil creeps up as MidEast tensions flare, but gains capped by glum demand outlook
Oil prices edged higher on Tuesday amid lingering concerns about possible supply disruptions in the Middle East, but an overall weaker demand outlook kept a...