Monthly Archives:  July 2012

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• UBS Profit Falls 58% on Investment Banking, Facebook Loss

  Full Story | 31st July 2012
  UBS AG, Switzerland’s biggest bank, said second-quarter profit fell 58 percent, missing analysts’ estimates, as the company’s investment bank lost money on the Facebook Inc. stock sale. Net income declined to 425 million Swiss francs .

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• Heidelberg First Half Results

  Full Story | 31st July 2012
  HEIGR 1H2012 numbers are out this morning, Revenue for 1H was up 3.7% at EUR6.58b, this was against growth of 11.4% in the first quarter as budget cuts in Europe and uncertainty over the Euro .

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• UBS Profit Falls 58% on Investment Banking, Facebook Loss

  Full Story | 31st July 2012
  UBS AG, Switzerland’s biggest bank, said second-quarter profit fell 58 percent, missing analysts’ estimates, as the company’s investment bank lost money on the Facebook Inc. stock sale. Net income declined to 425 million Swiss francs .

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• Heidelberg First Half Results

  Full Story | 31st July 2012
  HEIGR 1H2012 numbers are out this morning, Revenue for 1H was up 3.7% at EUR6.58b, this was against growth of 11.4% in the first quarter as budget cuts in Europe and uncertainty over the Euro .

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• Fed Weighs Cutting Interest on Banks’ Reserves

  Full Story | 30th July 2012
  Federal Reserve Chairman Ben S. Bernanke may be taking another look at cutting the interest rate the Fed pays on bank reserves to bring down short-term borrowing costs and spur the slowing U.S. expansion. Bernanke .

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• China’s Stocks Decline to March 2009 Low

  Full Story | 30th July 2012
  China’s stocks fell, dragging the benchmark index down to the lowest level since March 2009, as concern earnings growth is slowing overshadowed speculation European policy makers will take action to ease the debt crisis. China .

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• Fed Weighs Cutting Interest on Banks’ Reserves

  Full Story | 30th July 2012
  Federal Reserve Chairman Ben S. Bernanke may be taking another look at cutting the interest rate the Fed pays on bank reserves to bring down short-term borrowing costs and spur the slowing U.S. expansion. Bernanke .

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• HSBC Profit Dips, Keeps $2 Billion for US, UK Problems

  Full Story | 30th July 2012
  HSBC set aside $2 billion to cover U.S. law enforcement and regulatory costs and to compensate British customers for mis-selling as it reported a 3 percent dip in underlying profit. A U.S. Senate report this .

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• China’s Stocks Decline to March 2009 Low

  Full Story | 30th July 2012
  China’s stocks fell, dragging the benchmark index down to the lowest level since March 2009, as concern earnings growth is slowing overshadowed speculation European policy makers will take action to ease the debt crisis. China .

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• HSBC Profit Dips, Keeps $2 Billion for US, UK Problems

  Full Story | 30th July 2012
  HSBC set aside $2 billion to cover U.S. law enforcement and regulatory costs and to compensate British customers for mis-selling as it reported a 3 percent dip in underlying profit. A U.S. Senate report this .