UBS Group AG (UBS) announces Friday that it has completed the merger of UBS AG and Credit Suisse AG. The completion of the merger within the expected timeline was facilitated by the strong support from regulators across the globe. Credit Suisse has been deregistered in the Commercial Register of the Canton of Zurich and has...
The Singapore stock market has moved higher in wo straight sessions collecting almost 15 points or 0.5 percent along the way. The Straits Times Index now rests just above the 3,335-point plateau and it may add to its winnings on Monday. The global forecast for the Asian markets is cautiously optimistic on an improved outlook...
The manufacturing sector in Australia continued to contract, albeit at a slightly slower pace, the latest survey from Judo Bank revealed on Monday with a manufacturing PMI score of 49.7. That\'s up marginally from 49.6 in April, although it remains beneath the boom-or-bust line of 50 that separates expansion from contraction. Manufacturing production and new...
The Taiwan stock market has finished lower in three consecutive sessions, surrendering almost 700 points or 3.4 percent along the way. The Taiwan Stock Exchange now rests just above the 21,170-point plateau although it may stop the bleeding on Monday. The global forecast for the Asian markets is cautiously optimistic on an improved outlook for...
The China stock market has finished lower in two straight sessions, shedding almost 30 points or 1 percent along the way. The Shanghai Composite Index now sits just above the 3,085-point plateau although it\'s likely to find traction on Monday. The global forecast for the Asian markets is cautiously optimistic on an improved outlook for...
The manufacturing sector in Japan bounced back up into expansion territory in May, the latest survey from Jibun Bank revealed on Monday with a manufacturing PMI score of 50.4. That\'s up from 49.6 in April and it moves above the boom-or-bust line of 50 that separates expansion from contraction. Output was broadly stable in May,...
The manufacturing sector in South Korea swung back up into expansion territory in May, the latest survey from S&P Global revealed on Monday with a manufacturing PMI score of 51.6. That\'s up from 49.4 in April and it moves above the boom-or-bust line of 50 that separates expansion from contraction. Marked accelerations in growth across...
Indian shares may drift lower on Wednesday as investors react to a big surge in oil prices overnight and a jump in U.S. Treasury yields to multi-week highs. Anxiety ahead of the general election results, due next week may also keep investors on the sidelines. The Lok Sabha exit poll results will be announced post...
Indian shares opened on a sluggish note Wednesday as the dollar and bond yields jumped following relatively weak 2-year and 5-year auctions and after hawkish comments from Minneapolis Fed President Neel Kashkari. Surging oil prices amid escalating tensions in the Middle East and investor anxiety ahead of the general election results, due next week also...
European stocks may open on a sluggish note Wednesday as investors fret about the outlook for rates and watch closely the latest developments in the Middle East. Traders further reduced their rate cut expectations by the U.S. Federal Reserve after Minneapolis Fed President Neel Kashkari said he needs to see \"many more months of positive...