UBS Group AG’s decision last month to completely integrate Credit Suisse’s domestic business brings with it a task that’s notorious for running behind schedule and over budget. Just ask Deutsche Bank.
UBS Group AG this week eliminated about a dozen jobs in its US investment bank as part of its integration of Credit Suisse, according to people with knowledge of the matter.
A clause in the draft of Chile’s new constitution that would have annulled current abortion rules in the South American country failed to reach enough support in a vote Friday.
President Joe Biden urged Detroit’s big three legacy automakers to offer more concessions to the United Auto Workers in order to end a strike that threatens the US economy, saying he would send two members of his team to Detroit to engage both sides.
Vista Equity Partners tapped a credit line backed by its private equity stakes to finance a cash injection for Finastra Group Holdings Ltd. that allowed the software company to pull off a key $5.3 billion debt refinancing, according to people with knowledge of the matter.
Mohamed El-Erian is warning that a swath of corporations will be hurt by higher interest rates when they have to refinance next year.
Ukraine’s top commanders, including Valeriy Zaluzhnyi and Kyrylo Budanov, spoke with US General Christopher Cavoli, NATO’s Supreme Commander for Europe. Defense chiefs from NATO nations are meeting in Oslo through Saturday, days before the Ukraine defense contact group is scheduled to meet in Germany and ahead of a planned trip by President Volodymyr Zelenskiy to Washington and the UN General Assembly.
Nigeria’s inflation rate jumped to a more than 18-year high on rising energy and food prices, increasing the odds of a rate hike this month.
The European Union should be ready to defend its own interests with respect to China in areas beyond electric vehicles though the bloc isn’t seeking a trade war, French Finance Minister Bruno Le Maire said.
Investors fretting that Nvidia Corp.’s massive stock buyback allocation would leave it short of funds for vital research and development should take heart from the chipmaker’s swelling free cash flow.
