InfoAnda - UBS posts profits rise, warns of market uncertainty

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Unscripted TV fare balances real with "reality" | 3 July 2009
NBC pulls Mad Men spoof after Emmy rivals irked | | 13 August 2010
Congolese warlord on trial in The Hague | | 19 November 2010

Troops wounded as Taliban attack southern Afghan base | | 23 May 2010

Forum Views () Forum Replies ()

Read more with google mobile : UBS posts profits rise, warns of market uncertainty

Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Photos Sitemap UBS posts profits rise, warns of market uncertainty AFP - Wednesday, May 5 Send IM Story Print A logo of the Switzerland's biggest bank UBS pictured on a branch of the bank in Bern. Swiss banking giant UBS on Tuesday reported broad recovery across its businesses, but warned of market uncertainty due to European sovereign debt concerns. ZURICH (AFP) - – Swiss banking giant UBS on Tuesday reported broad recovery across its businesses, but warned of market uncertainty due to European sovereign debt concerns. Net profit for the first three months of the year reached 2.2 billion Swiss francs (1.54 billion euros, 2.3 billion dollars) at the bank, marking an 83 percent jump from the previous quarter. A year ago UBS recorded a first quarter loss of 2.0 billion francs. The latest earnings figures also beat analyst forecasts of 2.0 billion francs, according to a poll by economics newswire AWP. The group recorded pre-tax profits across all business groups including investment banking, which had run up big losses during the financial crisis but which now recorded 1.19 billion francs in pre-tax profits for the first quarter. The bank said its investment banking business had benefited from a "strong performance" in its fixed income, currencies and commodities business. It added in its outlook statement that in the current quarter, the securities trading market was expected to be "generally in line with the first quarter." However, "concerns relating to European sovereign debt provide a basis for some market uncertainty," it added. Markets have been spooked by Greece's close brush with bankruptcy. Worries that the Greeks would fail to cut their crippling sovereign debt have spread, exposing problems faced by other heavily indebted eurozone states such as Portugal and Spain. While warning about the uncertainty posed by the sovereign debt problem to the markets, John Cryan, chief financial officer of UBS, said that his bank had "hardly any exposure whatsoever to Greece." "It's immaterial," he stressed. Cryan pointed out that the group discloses its major exposure to foreign jurisdiction in its annual report, and that "none of Greece, Spain or Portugal appears" there. As the bank has an investment banking and wealth management presence in Spain, "we have some exposure to Spain but it's not particularly large," he added. "We're sleeping very well at night." Meanwhile, the bank was still unable to stem an outflow of new money during the first quarter, which reached 18 billion francs as clients took their assets elsewhere. However, it was a sharp improvement from the previous quarter, when net outflows reached 56.2 billion francs. Cryan said that while the management had taken steps to try to stem the outflows, "we still think that they will take some time to take fruit." Hurt by losses reaching some 21.3 billion francs at the height of the financial crisis in 2008 and 2.7 billion last year, as well as tax evasion lawsuits in the United States, the bank has struggled to repair its image. Analysts at Bank Wegelin described UBS first quarter earnings as solid, but warned investors against putting money in the banking sector due to several uncertainties. "A new chill on the financial markets -- such as due to ... state debt -- has new negative consequences," they said, adding that tighter regulation on banks would also dampen future earnings. "The exit from the US banking data conflict is still open," added the analysts. In mid-day trade, UBS was down 2.64 percent at 16.59 francs, underperforming the overall Swiss Market Index, which was down 0.49 percent. Recommend Send IM Story Print News Search Top Stories Ireland, Britain reopen skies after new ash alert Airlines must reimburse travellers over volcano chaos: EU UBS posts profits rise, warns of market uncertainty US scores poorly on world motherhood rankings: charity United, Continental forge world's biggest airline More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended United, Continental forge world's biggest airline Shroud of Turin 'mirrors' human suffering: pope US scores poorly on world motherhood rankings: charity British actress Lynn Redgrave dies at 67 Man hunted over foiled Times Square car bomb More Most Viewed » Aliens may exist but contact would hurt: Hawking Apple engineer loses iPhone prototype French driving veil row escalates Airlines want compensation as Europe's skies reopen More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

Other News on Tuesday, 4 May 2010
U.S. envoy arrives for Israeli-Palestinian talks
British leaders in last-ditch push for votes
Iran: Punish U.S. for shameful nuclear threats |
US-TECH Summary
Basques separatists on trial for Madrid bombing
IBM buys cloud computing software firm Cast Iron
Iranian president blasts US for nuclear threats
Ireland to close airports Tues due to volcanic ash |
Google buys Canadian 3D desktop software startup
Peeping Tom Suspect Chased By Father, Caught By Police, K-9
Pakistan Taliban leader alive, threatens U.S. attacks |
IBM buys cloud computing firm Cast Iron Systems
Business jet makers ready to fly through tough year
Woman Arrested In Slaying Of Washington Principal
Europe mobilises to get aid to Greece
'Pope podcasts' pave way for Portugal trip
Man In Wheelchair Struck, Killed By Tractor-Trailer
Apple sells one million iPads in a month
Man hunted over foiled Times Square car bomb
Online Job Ads Rise To Highest Level Since 2008
U.S. chained wounded Canadian teen to door: medic |
Apple says sold 1 million iPads
US inflation up 2% in March
Republican Tops Poll As Voting Begins In Hawaii Special Election
Turkey reform article rejected in blow to govt |
iPad Outsells iPhone In Half The Time
Flood Kills Dozen In Tennessee
Plane Turned Around Due To Teen’s Unruliness
U.S. Consumer Spending, Manufacturing Post Strong Growth
Drones kill low-level militants, few civilians: U.S. |
Auto Sales At Ford, GM Jump More Than 20 Percent In April
Indian court convicts Pakistani in Mumbai siege
S.Korean climber defends claim to disputed 14-peak record
Thai PM proposes Nov poll in "reconciliation" plan
Thai PM offers reconciliation plan, election date
Video shows Pakistan Taliban boss alive
Thai PM offers November elections to end crisis
Maoist strike shuts down much of Nepal for 2nd day
Connecticut AG probing Craigslist on paid-sex ads |
Thai PM says ready to hold November elections
Indian court convicts Pakistani for Mumbai siege
1st woman to climb tallest peaks returns safely
US-ENTERTAINMENT Summary
Actress Lynn Redgrave dies in Connecticut at 67
Cuba attracts Russian visitors with sun, nostalgia
Soap opera actress Helen Wagner dies at 91
Fishermen fear for catch, livelihood as mass spill looms
English ousts Russian in ex-Soviet Georgia's schools
Actress Lynn Redgrave dies in Connecticut at 67 |
Soap opera actress Helen Wagner dies at 91 |
Michael Douglas calls son's jail time adequate |
Domingo's La Scala performance hit by strike |
Settlers torch West Bank mosque: Palestinians
Labour in tactical voting call at British poll
Jewish settlers blamed for torching West Bank mosque
Ireland reopens airspace from 8 a.m. ET |
Scheme allows Bangladeshis to 'vote' in UK poll
Connecticut AG probing Craigslist on paid-sex ads
US scores poorly on world motherhood rankings: charity
Europe pressed on slavery reparations
Thai red shirts study PM's election offer |
Obama, Netanyahu want direct peace talks soon: White House
Electronic medical orders may save lives
United, Continental forge world's biggest airline
Iceland volcanic ash grounds flights across Ireland
Iran to hold naval exercises in Gulf: State TV |
Obama presses Mideast peace push
South Korea stops just short of blaming North for sinking |
British actress Lynn Redgrave dies at 67
US automakers report surging sales after troubled times
UK leaders make frantic final push for votes |
Japan PM urges islanders to accept U.S. base burden |
Drones kill low-level militants, few civilians: U.S. |
China to press North's Kim on economy, nuclear talks |
Jennifer Lopez Headlines 2010 World Music Awards With Award, Performance
Mo’Nique Refuses Oprah Show Interview, Still Angry Over Her Brother’s Lies On The Show
Florida Lawmaker Busted Surfing Porn On Senate Floor
World's oldest person, 114, dies in Japan
U.S. Markets Jump On Economic Data
S.Korean climber defends claim to disputed 14-peak record
Iranian President Says U.S. Policies Encourage Nuclear Proliferation
China city's 'shoot to kill' school attacks policy
Nepal strike Day 3: Food, fuel running short
China tainted-milk victims sue in Hong Kong
Australia PM lags in poll after carbon plan halted
NY police tighten net in Times Square car bomb case
Regulators mull antitrust look at Apple: source |
Tornado, floods kill at least 22 in southern US
Australia gov't polls down after climate law delay
New York bomb suspect arrested at airport: official
China's manufacturing activity slows: HSBC
China to press North's Kim on economy, nuclear talks
Seoul shares inch lower, led by LG Electronics
Taiwan: No change on China policy after Ma comment
India to restrict mining in forests: report
Shanghai Expo opening attendance below expectations
Taiwan urges French firm to pay fine over warship sale
Korea Hot Stocks
PAKISTAN
NY auctions to signal return of good times: art dealers
Seoul shares dip on LG Elec; eyes on Samsung Life IPO
French rogue trader recalls 'banking orgy' in tell-all book
Seoul shares open higher, led by techs, carmakers
Police cameras to flood Manhattan to prevent attacks
NZ wage growth slow in Q1, labour market steadies
Britain's loony leader fights Cameron with insanity
"American Idol" ratings down, but ad sales seen up
Wine seller sues "Hell's Kitchen" star for skipping bill
Music publisher played key role in launching Runaways
Ellen Pompeo launches cancer prevention campaign
Black Eyed Peas break digital sales record
American Idol ratings down, but ad sales seen up |
Wine seller sues Hell's Kitchen star for skipping bill |
Meat Loaf explores human condition on Teddy Bear |
Ellen Pompeo launches cancer prevention campaign |
Ozzy, Motley Crue, Halford lead Ozzfest bill |
Black Eyed Peas break digital sales record |
Iran says plans new war games, photographed U.S. ship
Italian city fines woman for wearing burqa
Cybersecurity summit kicks off with calls to action
Ireland, Britain reopen skies after new ash alert
Palestinian Authority bans work in settlements |
Airlines must reimburse travellers over volcano chaos: EU
Somali pirates hijack Yemeni cargo ship |
UBS posts profits rise, warns of market uncertainty
China to press North's Kim on economy, nuclear talks |
Prosecutors seek death sentence in Mumbai trial |
Kyrgyzstan orders ousted leader's extradition |
Israel asks Egypt to rethink pressure on atom pact |
BP to use domes to capture giant US oil spill
Pakistan says to help U.S. over New York bomb suspect
Three passengers 'taken off New York-Dubai flight'
World's oldest person dies in Japan
Thai protesters agree to work towards end of crisis
Thai protesters welcome PM's compromise
Prosecutors seek death sentence in Mumbai trial
Sri Lanka plans to withdraw wartime restrictions
Taiwan: No change on China policy after Ma comment
Japan PM: Moving US base off Okinawa 'impossible'
Regulators mull antitrust look at Apple: source |
Philippines recalls faulty voting machine cards
Taiwan to invest in cloud-based computing
U.S. gives Pakistan $656 mln under security fund
Pakistani stocks, o/n rates up; rupee flat
Samsung Life's IPO draws huge response from investors
Taiwan cbank urges capital controls for Asia economies
Japanese oil company to survey Cambodian basin
Renault-Bajaj 'plan $2,500 car for India'
Airbus A380 orders hit headwind: EADS boss
Britain's Turner Prize shortlist revealed
Indonesian volcano spews lava, ash 4,000 feet
Japanese firm signs oil study deal with Cambodia
Singing artist nominated for Britain's Turner Prize
US scores poorly on world motherhood rankings: charity
China's Huawei seeks India meeting over telcom ban
Shazam! Berlin looks at superheroes' Jewish roots
French super-university wants to be among the top 10
Singing artist nominated for Britain's Turner Prize |
Black Eyed Peas break digital sales record |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01