Business

UBS Q1 profit rises 79 pct on brighter outlook

UBS Q1 profit rises 79 pct on brighter outlook

Wealth management contributed $642m in pre-tax profit, compared with estimates of $550m, while investment-banking earnings rose to $482m, beating the $351m estimate. Investors added 20.5 billion francs in the first three months of the year. Investor sentiment and confidence are improving and the bank said it's "well-placed" to benefit from market improvements.



Le Pen Takes Leave As FN Head In French Presidency Bid

French presidential candidate Emmanuel Macron is defending his campaign platform in a heated impromptu meeting outside a factory with workers who face losing their jobs to a plant in Poland. Macron however defended the celebration saying that his guests at the celebration were mostly campaigners who deserved a night out after a year of hard work.


Trump says major conflict with N.Korea possible

Trump says major conflict with N.Korea possible

He said short of going to war, it's unlikely that the US could get any greater concessions from North Korea other than a halt to any missile or nuclear tests. Trump is aware that another USA option - a preemptive strike against North Korea - should be a last resort, in large part because of the artillery Kim's regime could unleash to devastate Seoul, Republican Senator John McCain said in an interview.



Passenger dragged from plane reaches settlement with United Airlines

The airline has now released its report of the incident. "Mr. Munoz said he was going to do the right thing, and he has". Dr Dao's lawyer, Thomas Demetrio , said his client "has become the unintended champion for the adoption of changes which will certainly help improve the lives of literally millions of travellers".


Nasdaq Sets Fresh Intraday Record As Wall Street Awaits Trump Tax Announcement

Nasdaq Sets Fresh Intraday Record As Wall Street Awaits Trump Tax Announcement

Major indexes spent most of the day wavering between small gains and losses Thursday, then wound up with modest gains. At 11:05 a.m. ET (1505 GMT), the Dow Jones Industrial Average was down 15.18 points, or 0.07 percent, at 20,959.91, the S&P 500 was down 1.32 points, or 0.05 percent, at 2,386.13 and the Nasdaq Composite was up 15.61 points, or 0.26 percent, at 6,040.83.


How major United States stock market indexes fared on Thursday

How major United States stock market indexes fared on Thursday

ET, the Dow Jones Industrial Average .dji was down 15.18 points, or 0.07 percent, at 20,959.91, the S&P 500 .spx was down 1.32 points, or 0.05 percent, at 2,386.13 and the Nasdaq Composite .ixic was up 15.61 points, or 0.26 percent, at 6,040.83.Seven of the 11 major S&P 500 sectors were higher.