Stock Futures Rise on Hope of Targeted US Tariffs: Markets Wrap
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(Bloomberg) — US and European stock-index futures climbed on signs that the next round of President Donald Trump’s tariffs may be more measured than previously suggested.
Stocks Get Late Boost as Volume Jumps to 2025 High: Markets Wrap
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(Bloomberg) — A rally in several tech giants spurred a late-day rebound in US stocks, following a selloff driven by disappointing outlooks from bellwethers across various industries.
Swiss Government Rejects Population Cap, Fighting Largest Party
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(Bloomberg) — Switzerland’s government rejected a proposal from the country’s largest political party to cap the population, diminishing the plan’s chances of passing in a national vote.
Central Bankers Move Slowly Through Fog of Trump’s Trade Wars
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(Bloomberg) — US President Donald Trump has already upended global trade and the postwar international security consensus. Now, he’s throwing central banking into disarray.
Stocks Halt Fed-Fueled Rally as Trade Fear Lingers: Markets Wrap
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(Bloomberg) — A fresh bout of instability gripped the stock market as concern around the potential impacts of a trade war outweighed the latest housing and jobs data showing the world’s largest economy is still holding up.
IOC Elects Ex-Olympic Swimmer Coventry as Youngest President
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(Bloomberg) — Kirsty Coventry, a seven-times Olympic medal-winning swimmer, was elected president of the International Olympic Committee, becoming the organization’s youngest ever head.
UK Pledges Anti-Bribery Cooperation with French, Swiss After US Retreat
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(Bloomberg) — British, French and Swiss prosecutors agreed to form a new intelligence sharing partnership in a bid to tackle overseas corruption following the pullback of US authorities from international bribery cases.
SNB Says Full Capitalization of UBS Units Is Best Solution
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(Bloomberg) — The Swiss National Bank reiterated its support for a reform that could see UBS Group AG forced to maintain as much as $25 billion in extra capital.
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(Bloomberg) — The Swiss National Bank won’t buy Bitcoin and similar digital currencies, even after President Donald Trump made a push to establish a strategic US reserve.
SNB Shows Reluctance to Cut Again After Rate Hits 2 1/2-Year Low
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(Bloomberg) — Swiss National Bank officials cut their interest rate to the lowest since September 2022 to deter inflows into the franc, and declared another reduction is less likely for now.
Swiss Watch Exports Resume Drop on Weak China, US Demand
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(Bloomberg) — Swiss watch exports’ downward trajectory resumed in February after a one-month respite, with all main markets seeing a decline.
Stocks Get Relief Rally in Best Fed Day Since July: Markets Wrap
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(Bloomberg) — Stocks climbed and bond yields fell as Jerome Powell calmed tariff-obsessed investors, signaling the Federal Reserve saw no need for drastic action in the face of Donald Trump’s trade war.
Roche Scraps Global DEI Leadership Targets on Trump Pressure
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(Bloomberg) — Roche Holding AG scrapped long-held global diversity targets for its leadership, showing how pressure from the Trump administration is causing companies to back away from DEI policies outside the US.
Private Equity Firms Are Getting Rid of Their Equity
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(Bloomberg) — Private equity firms are called that because they own stakes in the companies they buy. Today, this assumption is looking ever more outdated.
UBS Client Says His Wife Moved In With Their Wealth Adviser. It Got Messy
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(Bloomberg) — When Richard Kallman’s 26-year marriage failed, he arrived at a meeting to hash out the separation, expecting to see his wife and her lawyer. But instead, the couple’s new wealth manager from UBS Group AG showed up and demanded Kallman fork over $9 million.
Swiss Regulator Open to Gradual Rise in UBS Capital Demands
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(Bloomberg) — Switzerland’s financial regulator said that it would be open to introducing higher capital requirements for UBS Group AG in stages over a number of years, potentially pushing back the impact of changes the bank has fought stiffly against.
Stocks Hit by Tech Rout on Eve of Fed Decision Day: Markets Wrap
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(Bloomberg) — Heavy selling resumed in Wall Street’s largest technology companies, with American shares snapping a two-day rebound amid signs investors are paring exposure in US risk assets. European stocks gained.
Tech Drags US Stocks Down as Traders Turn to Fed Meeting
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(Bloomberg) — US stocks declined on Tuesday, with technology companies weighing on major indexes as investors remain concerned about the economy ahead of the Federal Reserve’s Wednesday decision.
UBS Shutters Unit Meant to Help Overwhelmed Hedge Fund Traders
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(Bloomberg) — UBS Group AG is shuttering its outsourced trading desk, which had grown to become one of the biggest such offerings on Wall Street in recent years.
Swiss Insurers Baloise, Helvetia Said to Explore Combination
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(Bloomberg) — Baloise Holding AG and Helvetia Holding AG have been exploring a possible combination that could create one of Switzerland’s largest insurers, according to people familiar with the matter.
