UBS AG

Is China’s Stimulus For Real? Economists Lower 2012 Growth Forecasts

China GDP
China's economic slowdown is expected to reach its nadir in the third quarter, leaving growth for 2012 likely to fall below 8 percent, a level unseen since 1999. While top Chinese leaders remain confident that the world's second-largest economy still has "ample strength" in either monetary or fiscal domains to propel economic growth, economists caution that the $158 billion stimulus unveiled by China may not be all it's hyped up to be.
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Facebook IPO

Facebook Market Makers Losing At Least $100 Million

Claims by four of Wall Street's main market makers against Nasdaq over Facebook's botched IPO are likely to exceed $100 million, as they and other traders continue to deal with thousands of problems with customer orders.
Formula One IPO in the Fast Lane

BlackRock Buys Stake in Formula 1 Ahead of Singapore IPO

Formula 1, the popular global auto racing sport, is on its way to a possible IPO as financial investors such as Waddell & Reed Financial Inc. (NYSE: WDR), Norges Bank Investment Management and BlackRock, Inc. (NYSE: BLK) bought 21 percent of the company, CVC Capital Partners, owner of Formula 1, confirmed Tuesday.
A worker climbs on a ladder under the logo of Swiss bank UBS at the company's headquarters in Zurich

UBS Q1 Profit Declines 54% On Debt Charges

Swiss banking giant UBS reported on Wednesday that its profit for the first quarter declined 54 percent from the same period last year after being affected by charges on its debt.
Indian woman tries on gold jewelry

India To Double Its Gold Import Duty

India, the world's No. 1 gold buyer, plans to double the duty on imports of the precious metal, according to reports Friday, its second such move this year. Gold prices fell nearly 1 percent.
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UBS Loses Case to Recoup Bonus from Ex-Broker

A former broker of a UBS AG unit can keep $1 million of a signing bonus he received when joining the firm, despite leaving earlier than terms of the bonus required, according to a ruling by an arbitration panel.

Major Layoff Announcements in 2012 [SLIDESHOW]

Unless you have been living under a rock for the last couple of years, you'll know that companies big or small have been constantly axing jobs across the board. Which companies are axing jobs in 2012?
UBS trader Kweku Adoboli leaves City of London magistrates' court in London

Ex-UBS Trader Refused Bail as Bank Probe Deepens

Former UBS AG trader Kweku Adoboli, who is accused of unauthorized deals that cost the Swiss bank $2.3 billion, was refused bail by a London court on Friday less than an hour after regulators stepped up their probe into the scandal.
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Ex-UBS star shakes and stirs at BofA Asia

When some bankers arrived late for work at Bank of America-Merrill Lynch's Asia headquarters in Hong Kong earlier this year, they found a Post-It note on their computer screens.

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