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Thursday, June 20, 2013

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Trader’s risk exposure did not matter to UBS, lawyer says
09-20 19:00
The culture at Swiss bank UBS when accused ‘rogue trader’ Kweku Adoboli was working there was that risk limits could be exceeded as long as the bank was ma...

China to be Porsche’s largest market
09-20 17:33
German sports-car maker Porsche expects to increase deliveries next year beyond the 140,000 vehicles the company plans to sell in 2012, chief executive Matthias ...

Worst gloom hits Euro zone private business
09-20 17:24
Private sector business activity in the euro zone showed an eighth monthly decline this month hitting its gloomiest patch in three years, survey results show. ...

Spain pays lower rates for 10-year bonds
09-20 17:18
Spain borrowed 4.799 billion euros (HK$48.1 billion) in bond auctions today, paying sharply reduced interest rates for the critical long maturity of 10 years. ...

China data weighs heavy on Hang Seng
09-20 17:03
Shares in Hong Kong and Shanghai tumbled after data from China showed manufacturing activity contracted for an 11th straight month in September. Hong Ko...

Shanghai revises metal futures trading margins
09-20 15:51
The Shanghai Futures Exchange will temporarily raise trading margins for all its futures contracts from September 28 in a bid to control price volatility ahead...

16,000 jobs go at Bank of America
09-20 15:42
Bank of America plans to cut 16,000 jobs as part of a major restructuring plan by the end of this year, when it would no longer be the largest US banking empl...

Sentiment sours in Europe
09-20 15:30
Europe's main stock markets fell at the start of trading today, mirroring a poor performance across Asia, as sentiment was hit by poor Chinese manufacturing da...

Shanghai plunges to new low
09-20 15:08
Shares in China closed at their lowest levels since early 2009 after data showed the rate of the slowdown in China's manufacturing activity was stabilizing, lowe...

Nikkei dragged down 1.5pc
09-20 14:11
Stocks in Tokyo fell 1.57 percent with the yen regaining the ground it lost when the Bank of Japan announced a new round of easing. The Nikkei 225 index at t...

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