All Posts Tagged With: "Ubs"
Switzerland Is Still Prepared to Stand Up for Bank Privacy
Two months ago, a U.S. District Court judge in Miami, Florida, authorized the U.S. Internal Revenue Service to go after information from Switzerland’s largest bank, UBS (NYSE:UBS). The Sovereign Society’s Bob Bauman says that, alhtough UBS may have hung its clients out to dry, the Swiss government is still prepared to stand up to U.S. lawmakers to protect private banks’ clients…
Stagflation Remains a Real Threat to U.S. Economy
Money Morning’s William Patalon III says comments by Ben Bernanke at the end of the week show he continues to prioritise economic growth over inflation. This means no rate hikes in the near future. But despite falling commodity prices, William says the threat of stagflation is growing…
Energy Sector Remains a Global Investing Wild Card
Although consumers and businesses have gotten a bit of a reprieve at the gas pump as of late, says William Patalon in Money Morning, the escalation in oil prices we’ve seen over the past year has led to some major changes in overall consumer behavior. Many car-owners have dumped their gas-guzzling pickup trucks and SUVs at the nearest used-car lot and used the proceeds to buy some gas-sipping rides.
UBS Restructures Management, Hoping to Restore Confidence After Second Quarter Losses
UBS AG (UBS) plans to separate its investment banking and wealth management units after reporting a fourth straight quarter of widening losses and mounting subprime-related write-downs.
Will Retail Sales Figures Build Market Momentum?
Last week, a few economic reports surprised to the positive side. And this week is potentially very important for the market, says Christian Hill in Investor’s Daily Edge. Last week saw Factory Orders more than double expectations, and the ISM Services Index wasn’t nearly as low as was expected. Add this to the Fed standing pat and there could be some momentum heading into this week. This from Christian…
Federal Reserve Policymakers Will Hold the Line on Interest Rates - At Least for Now
With oil trading near a three-month low (and corn now at a four-month low), U.S. Federal Reserve policymakers may have just the ammunition they need to hold the line on interest rates for the foreseeable future - or at least until their Sept. 16 policymaking meeting.
Gold and Platinum Rally
The precious metals suffered mixed fates on Friday as gold and platinum posted gains, while silver prices tumbled. Gold rose steadily throughout early trading, but dropped to an intraday low below $920/oz. during the NYMEX session. Prices for the metal recovered, however, to finish the day at $928.40/oz., up $1.70 on the day. For the week, gold was down 2.7%.
UBS Sued for Securities Fraud
New York State Attorney General Andrew Cuomo has brought a multi-billion lawsuit against UBS AG (UBS), accusing the Swiss banking giant of pushing billions of dollars in auction-rate securities onto ordinary investors as the market collapsed earlier this year.
Global Investing Roundups Friday, July 18th, 2008
Piracy Robs Microsoft; BlackRock Profits Rise 23%; Nokia Beats Expectations; Venezuela Lights Up U.S.; BOE’s Sentance “Struck”; Coke’s Earnings Hiccup; JPMorgan Earnings Surprise; Investor Outrage in Pakistan
How ‘Dark Pools of Liquidity’ Affect Your Investments
We can almost hear that ominous Jaws theme music in the background, says Keith Fitz-Gerald in Money Morning. Secret stock exchanges known as “Dark Pools of Liquidity,” “Dark Liquidity,” or just “Dark Pools” are attracting increased attention. Most people have never heard of them. But they could have a big impact on your investments…
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