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fourth quarter

Swiss bank UBS returns to profit, still struggles

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Click to enlarge photo The bank, severely hit by the financial crisis as well as international pressure on tax evasion and Swiss banking secrecy , posted a 1.20-billion-franc profit (1.12 billion dollars, 821 million euros) in the fourth quarter of 2009. It was
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UBS Reports Higher Client Outflows, Return to Profit (Update2) - Bloomberg.com

The bank fell 5.4 percent in Swiss trading after saying net redemptions at its wealth management units increased to 45.2 billion francs ($42.3 billion) from 26.6 billion francs in the previous three months. Analysts surveyed by Bloomberg had estimated 17.5 billion francs in outflows. UBS,

Inventories at U.S. Wholesalers Unexpectedly Fall (Update2) - Bloomberg.com

The 0.8 percent decrease in stockpiles followed a revised 1.6 percent gain in November that was the largest since July 2004, figures from the Commerce Department showed today in Washington. Sales climbed 0.8 percent. A record inventory drawdown last year has opened the door for

DJ"s outshines Myer - again

Last week Brookes doubled his guidance for Myer���s first half earnings to 10 per cent. Today David Jones���s Mark McInnes matched this call. What���s more David Jones raised the stakes by announcing that its sales for the six months to January 23 were up 2.2 per cent compared

UBS Reports Higher Client Outflows, Return to Profit (Update1) - Bloomberg.com

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The bank fell as much as 4.3 percent in Swiss trading after saying net redemptions at its wealth management units increased to 45.2 billion francs ($42.3 billion) from 26.6 billion francs in the previous three months. Analysts surveyed by Bloomberg had estimated 17.5 billion francs in
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UBS Reports Increase in Client Withdrawals, Return to Profit - Bloomberg.com

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The bank fell as much as 4.3 percent in Swiss trading after saying redemptions at its wealth management units increased to 45.2 billion francs ($42.3 billion) from 26.6 billion francs in the previous three months. Analysts surveyed by Bloomberg had forecast 17.5 billion francs in
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DJ"s outshines Myer - again

Last week Brookes doubled his guidance for Myer’s first half earnings to 10 per cent. Today David Jones’s Mark McInnes matched this call. What’s more David Jones raised the stakes by announcing that its sales for the six months to January 23 were up 2.2 per cent compared with Myer which

Taiwan’s Exports Climb by Most in More Than 30 Years (Update2) - Bloomberg.com

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Shipments abroad increased 75.8 percent from a year earlier, the Ministry of Finance said in Taipei today, beating the median of five estimates in a Bloomberg survey for a 62.9 percent gain. Imports advanced 114.7 percent for a trade surplus of $2.49 billion. The rise in overseas sales,
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Poland May Fulfill EU’s Budget Deficit-Trimming Demand in 2012

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By Monika Rozlal The government revised up its growth forecast to 3 percent this year from an earlier 1.2 percent estimate, said the official, who declined to be named because the forecasts haven’t been officially approved. Output may expand more than 4 percent in 2011 and 2012, helping
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Geithner Says U.S. Will ‘Never’ Lose Its Aaa Debt Rating

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By Rebecca Christie “Absolutely not,” Geithner said, when asked in an ABC News interview broadcast yesterday whether a downgrade is a concern. “That will never happen to this country.” Geithner said investors around the world turn to U.S. Treasury securities and
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