Showing 1 - 10 of 59
AI giant Nvidia first company to reach $4 trillion in value
AFP, Published on 10/07/2025
» NEW YORK - Nvidia became the first company to touch $4 trillion in market value on Wednesday, a new milestone in Wall Street’s bet that artificial intelligence will transform the economy.
OPEC+ expected to open taps more despite price slump
AFP, Published on 26/05/2025
» LONDON - Despite oil trading low at $60, OPEC+ this week is expected to continue to further open the taps.
Trade war casts pall as China's leaders meet
AFP, Published on 04/03/2025
» BEIJING - China's leadership is gathering at the largest political event of the year on Tuesday, seeking a response to US President Donald Trump's latest salvo of tariffs targeting an already sluggish Chinese economy.
Waning influence of OPEC+ in spotlight as prices flag
AFP, Published on 20/12/2023
» LONDON - Despite slashing oil production for months on end and announcing new cuts in late November, the Organization of the Petroleum Exporting Countries (OPEC) and its ten allies have struggled to boost flagging prices.
Oil prices fall after Opec+ postpones meeting
AFP, Published on 23/11/2023
» VIENNA - International oil prices fell Wednesday after a key ministerial meeting of the Organization of the Petroleum Exporting Countries (Opec) and its allies was pushed back from Sunday to Nov 30.
UBS to absorb Credit Suisse domestic unit
AFP, Published on 31/08/2023
» ZURICH - The banking giant UBS said Thursday it would fully absorb the Swiss unit of its recently swallowed rival Credit Suisse into its operations, without spelling out the implications for job cuts.
UBS to pay $1.4 bn to settle US fraud charges on subprime loans
AFP, Published on 15/08/2023
» NEW YORK - UBS will pay $1.4 billion to settle US charges that it defrauded investors in the sale of mortgage-backed securities, resolving the last big case stemming from the 2008 financial crisis, the Justice Department announced Monday.
UBS to cut 35,000 jobs after Credit Suisse rescue
AFP, Published on 28/06/2023
» GENEVA: Swiss banking group UBS plans to cut 35,000 jobs at Credit Suisse -- more than half its workforce -- as part of the emergency rescue takeover of its rival in March, according to a report by Bloomberg News on Tuesday.
UBS set for 'bumpy' integration of Credit Suisse
AFP, Published on 12/06/2023
» ZURICH - UBS is poised to complete on Monday its takeover of Credit Suisse, but integrating the former rival is a Herculean task that clients, employees and Swiss political leaders will closely watch.
OECD lifts world GDP growth forecast to 2.7%
AFP, Published on 07/06/2023
» PARIS: The OECD slightly raised its growth outlook for the world economy on Wednesday as inflation eases and China has dropped Covid restrictions, but it warned the recovery faces a "long road".