London, March 21 : Rating agency Moody's has cut the outlook on UBS Group's debt to negative following its takeover of Credit Suisse, Moody's has affirmed UBS's current credit ratings, but lowered the outlooks on its long term deposit and senior unsecured ratings to negative from stable, The G […]
Category: International
Fears of heavy job losses growing after UBS takeover of Credit Suisse
London, March 21 : As the dust settles following the emergency rescue of Credit Suisse by UBS, fears of heavy job losses are growing, media reports said. The shotgun wedding hammered out between the two Swiss banks last weekend will create a 120,000-strong financial institution - and it alread […]
Alarm in Karachi as Covid-19 positivity rate jumps over 28%
Karachi, March 21 : The Covid-19 positivity rate in Karachi has reached 28.30 per cent, a health authority official said after 30 out of 106 people screened for the viral infection tested positive, as per media reports. Meanwhile, the countrywide positivity rate stood at only 3 per cent when t […]
Aus families to spend generously on sweet treats in Easter despite cost-of-living pressures
Canberra, March 21 : Australian families are expected to spend generously on sweet treats during upcoming Easter, despite ongoing cost-of-living pressures, according to a new report The report from Australian Retailers Association (ARA) in collaboration with market research firm Roy Morgan, in […]
Malaysia's growth projected to moderate in 2023: IMF
Kuala Lumpur, March 21 : After a strong recovery in 2022, Malaysia's growth is projected to moderate in 2023 due to external headwinds, and inflation to remain elevated, the International Monetary Fund (IMF) said on Tuesday. The IMF said in a statement that Malaysia's growth is projected to mo […]
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