UBS

UBS Net Profit Up 71% After Two Quarters In The Red

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Switzerland’s biggest bank said turnover increased by 46 percent to $12.7 billion AFP Swiss banking giant UBS on Tuesday said first quarter net profit rose 71 percent to nearly $1.8 billion after two quarters in the red due to the takeover of Credit Suisse. Switzerland’s biggest bank said turnover increased by 46 percent to $12.7 … Read more

AI, cross-border e-commerce are bright spots for Chinese internet firms in 2024, UBS says

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Chinese internet firms can look to chase growth through international markets and artificial intelligence (AI) in 2024, according to UBS. China’s e-commerce platforms, facing intense domestic competition with new rivals and short-video app operators, are ramping up overseas expansion, Kenneth Fong, head of China internet research at the Swiss investment bank, said in a briefing … Read more