Former UBS executives give back bonuses as bank agrees to probe
Troubled Swiss banking group UBS on Thursday reveals that former
executives have repaid around 70 million Swiss francs ($59 million) of
bonuses and says it will allow an independent investigation to examine
whether any lawsuits should be filed against individuals.
EUROPE MARKETS: EUROPE SHARES MOVE HIGHER ON U.S. HOLIDAY
European shares climb on Thursday, as oil majors and banks advance on
a day when U.S. markets are closed for the Thanksgiving holiday.
ASIA MARKETS: SHANGHAI, HONG KONG, SEOUL RALLY; MUMBAI CLOSED
Asian markets ended with strong gains Thursday, paced by Shanghai- and
Hong Kong-listed shares a day after the Chinese central bank slashed
interest rates to kick-start weakening economic growth.
ONLINE RETAILERS MAY SEE HOLIDAY SLUMP
Online retailers are likely to feel the pressure of the slowing
economy, with sales for the core holiday-shopping season expected to
remain flat with last year.
PANASONIC SLASHES '09 VIEW ON STRONG YEN, WEAK CONSUMER SPENDING
Panasonic Co. slashes its forecast of fiscal 2009 net income by 97%,
saying that "business conditions are deteriorating sharply."
No comments:
Post a Comment