Ubs Financial Services

A report released last month by Capgemini Consulting showed some interesting trends in the strategies young millionaires use to manage their money.

Amid speculation over the actual date of the roll-out of Reliance Jio 4G telecom services, a top global financial services firm, UBS, said while soft launch was expected by the end of this month, the full commercial offering was expected by December.

The Reserve Bank is likely to go for a 50-basis point rate cut this calendar year.

Retail investors' interest in domestic stock markets may be faltering as one-year returns have turned negative, global financial services major UBS said in a report.

Swiss financial services major UBS has said the climate change inflicted a whopping USD 1.5 trillion loss on the middle-class across the globe between 1980 and 2014, and another USD 32 billion in the first six months of 2015 which was the hottest year on record.

UBS on Tuesday said it is "overweight" on India but limited room is seen limited for a re-rating. The global financial services major has forecast an end-2016 Nifty target of 8,200.

Even as the price indices have moved up in recent months, Swiss brokerage UBS expects the same to fall during the second half and expects RBI to cut the repo rate again by 25 basis points in this fiscal and 50 basis points next year.

UBS's giant banner on Hong Kong's One Peking Road skyscraper, so big it has drawn complaints for keeping solar panels in the shade, is a testament to the renewed push among Swiss banks to win business from Asia's burgeoning ranks of millionaires.

Yes Bank Ltd, India's fifth-biggest private sector lender by assets, said on Wednesday that it was lending prudently and did not expect a spike in non-performing assets (NPAs) or bad loans, brushing off a warning from analysts at investment bank UBS that sent its shares tumbling.

The global financial services major said RBI has to bring down inflation expectations and it is still too early in the rate easing cycle for it to turn dovish.

The global financial services firm also reiterated its Nifty target of 9,200 by December as it expects growth to gather steam from the second half of the year.

Four major banks pleaded guilty on Wednesday to trying to manipulate foreign exchange rates and six banks were fined a total of nearly $6 billion in a settlement that substantially ends a global probe into misconduct in the $5-trillion-a-day market.

While more than half a dozen foreign private banks operate in India and employ about 300 wealth managers, they are saddled with higher operating costs and struggle with a limited branch network compared with their local rivals.

Green shoots of recovery in business sentiment as well as economic activity in India are visible in select pockets, and the NSE index Nifty will scale the 8,000 mark by the end of the year, global financial services major UBS has said in a report.

Swiss bank UBS criticised a French hearings on Wednesday after bail was set at 1.1 billion euros ($1.48 billion) and it was placed under formal investigation over allegations it laundered the proceeds of tax evasion

A report released last month by Capgemini Consulting showed some interesting trends in the strategies young millionaires use to manage their money.

Amid speculation over the actual date of the roll-out of Reliance Jio 4G telecom services, a top global financial services firm, UBS, said while soft launch was expected by the end of this month, the full commercial offering was expected by December.

The Reserve Bank is likely to go for a 50-basis point rate cut this calendar year.

Retail investors' interest in domestic stock markets may be faltering as one-year returns have turned negative, global financial services major UBS said in a report.

Swiss financial services major UBS has said the climate change inflicted a whopping USD 1.5 trillion loss on the middle-class across the globe between 1980 and 2014, and another USD 32 billion in the first six months of 2015 which was the hottest year on record.

UBS on Tuesday said it is "overweight" on India but limited room is seen limited for a re-rating. The global financial services major has forecast an end-2016 Nifty target of 8,200.

Even as the price indices have moved up in recent months, Swiss brokerage UBS expects the same to fall during the second half and expects RBI to cut the repo rate again by 25 basis points in this fiscal and 50 basis points next year.

UBS's giant banner on Hong Kong's One Peking Road skyscraper, so big it has drawn complaints for keeping solar panels in the shade, is a testament to the renewed push among Swiss banks to win business from Asia's burgeoning ranks of millionaires.

Yes Bank Ltd, India's fifth-biggest private sector lender by assets, said on Wednesday that it was lending prudently and did not expect a spike in non-performing assets (NPAs) or bad loans, brushing off a warning from analysts at investment bank UBS that sent its shares tumbling.

The global financial services major said RBI has to bring down inflation expectations and it is still too early in the rate easing cycle for it to turn dovish.

The global financial services firm also reiterated its Nifty target of 9,200 by December as it expects growth to gather steam from the second half of the year.

Four major banks pleaded guilty on Wednesday to trying to manipulate foreign exchange rates and six banks were fined a total of nearly $6 billion in a settlement that substantially ends a global probe into misconduct in the $5-trillion-a-day market.

While more than half a dozen foreign private banks operate in India and employ about 300 wealth managers, they are saddled with higher operating costs and struggle with a limited branch network compared with their local rivals.

Green shoots of recovery in business sentiment as well as economic activity in India are visible in select pockets, and the NSE index Nifty will scale the 8,000 mark by the end of the year, global financial services major UBS has said in a report.

Swiss bank UBS criticised a French hearings on Wednesday after bail was set at 1.1 billion euros ($1.48 billion) and it was placed under formal investigation over allegations it laundered the proceeds of tax evasion