Tue, 21-Oct-2025

UBS appoints a global head of wealth management

UBS

UBS Group AG is the world’s biggest wealth manager. On Monday named Iqbal Khan as the sole head of the Swiss bank’s global wealth management division. Naureen Hassan, the second-ranking officer at the New York Federal Reserve, will replace Tom Naratil as president of UBS Americas. UBS Group AG (UBSG.S), the world’s greatest abundance chief, … Read more

After Guzman’s exit, Argentina’s president selects a new finance minister

Guzman

Argentine President Alberto Fernandez appoints new economy minister. Guzman was key ally of Fernandez de Kirchner’s center-left government. Tensions in ruling coalition over how to handle economic crises exacerbated by Russia’s invasion of Ukraine. Guzman had come under fire from wing of ruling coalition pushing for more state spending. Argentine President Alberto Fernandez named business … Read more

San Diego and Baltimore bond collusion cases against large banks

San Diego

A federal judge has narrowed claims by San Diego and Baltimore in an antitrust lawsuit. The judge dismissed San Diego’s breach of fiduciary claims against affiliates of Citigroup, Goldman Sachs, and JPMorgan Chase. A judge on Tuesday limited claims by San Diego and Baltimore in an antitrust suit looking to expect eight banks to take … Read more

Codelco’s chairman predicts that the price of copper will remain “quite firm”

copper

Chilean state-owned copper miner Codelco sees firm copper prices ahead despite recent falls. Comments come as copper prices posted their biggest weekly fall in a year. Pacheco said the annual production goal would be maintained at 1.7 million tonnes while he was in charge, including for this year. Chilean state-claimed copper digger Codelco, the world’s … Read more

First Argentina review approved by IMF board, unlocking $4 billion

Argentina

The approval allows for the disbursement of about $4 billion. Argentina’s economy minister says the country will continue to implement macroeconomic policies. The IMF announced on June 8 that it had reached a staff-level agreement on an updated macroeconomic framework with Argentina. The chief leading group of the International Monetary Fund on Friday finished the … Read more

Gilmore, Colapinto win in first El Salvador Pro

Gilmore

The Californian scored a superb 9.57 out of 10 for two monster aerials on one wave, before scoring his very own nine against Filipe Toledo. The challenge was the principal big showdown visit occasion held in La Libertad as El Salvador’s administration hopes to scrounge up interest in its surf the travel industry. Gilmore won … Read more

Pfizer has stopped enrolling in the Paxlovid experiment

Paxlovid

The study finds drugs not effective in reducing symptoms in standard-risk patients. The drug has emergency use authorization for high-risk groups. Data from Israel shows drug reduces hospitalization and death rates in vaccinated and unvaccinated patients 65 years and older, but was not found to prevent severe illness. Pfizer Inc (PFE.N) said on Tuesday it … Read more

U.S. plans new trade pact with ‘like-minded partners,’ says senior official

The US will launch a new trade deal in the Americas focused on “like-minded countries” with existing free trade accords. Washington will utilise the new Americas Partnership for Economic Prosperity  Set new customs, digital trade, labour, environmental, and corporate accountability norms. According to a senior Biden administration official, the Biden administration will advance its competitive … Read more

Workers at the Post Offices are going on strike over a salary issue

Post Offices

Some 114 Crown Post Offices – those directly owned by the company – will close for 24 hours. Sub-post offices will have no cash deliveries or collections. Communication Workers Union are angry over a pay freeze in 2021-22 and a 2% rise for the following year. The branches influenced are bigger ones – frequently situated … Read more

PML-N leader asks Ramiz Raja to step down as Chairman

ramiz raja

Senior PML-N politician Rana Mashood has stated that the existing government will replace Pakistan Cricket Board (PCB) Chairman Ramiz Raja in a few weeks or as soon as other pressing issues are settled, The News reported. Ramiz has been urged to “gracefully” resign from the position by Mashood, a former regional sports minister. After Ehsan Mani’s … Read more

retaliation to the UK’s ‘world first’ migration pact

rwanda

But there’s one thing we’ve overlooked: how those changes would affect the country, which the administration estimates will receive “tens of thousands” of asylum seekers from the United Kingdom. But there’s one thing we’ve overlooked: how those changes would affect the country, which the administration estimates will receive “tens of thousands” of asylum seekers from … Read more

Biden says govt averted US holiday supply chain ‘crisis’

Joe Biden

WASHINGTON: President Joe Biden argued on Wednesday that by working with shipping firms and unions, his administration helped prevent a feared shortage of gifts for the holidays. Reeling from a fresh political wound, that his signature social spending and climate bill was potentially dead in the water, the US leader also touted the economic recovery and … Read more

UAE suspends talks on $23 billion weapons deal with US

UAE

DUBAI: The United Arab Emirates (UAE) has suspended talks on a $23 billion deal to purchase American-made F-35 planes, armed drones and other equipment, in a rare dispute between Washington and a key US ally in the Arabian Gulf, AP reported. The Emirati Embassy in Washington said it would “suspend discussions” with the US, though meetings at … Read more

Tariffs cut on Chinese goods could ease US inflationary pressures: Yellen

US inflationary

WASHINGTON: Lowering tariffs imposed by the former Trump administration on Chinese goods could help ease some inflationary pressures, US Treasury Secretary Janet Yellen has said. Yellen made the remarks on Thursday at Reuters Next, a virtual global conference held from Wednesday to Friday, during which she said the tariffs of up to 25 per cent on … Read more