Focus: UBS goes on hiring spree for wealth managers catering to rich Americans

wldtimes.com3 de July, 2023

UBS has gone on a U.S. recruiting drive for wealth managers catering to rich Americans even as it considers culling 30% of its combined global workforce after its takeover of Credit Suisse.

⟵ Analysis: Apple’s growing stock market heft poses dilemma for fund managers

Unrest in France Eases Nearly a Week After Fatal Police Shooting ⟶

China Slashes Key Interest Rates to Revive Economic Growth

The People’s Bank of China (PBoC) has taken a significant step to stimulate the economy. On Monday in Beijing, the central bank reduced the country’s benchmark interest rates. This move was anticipated as Chinese monetary authorities intensify their efforts to revitalize the struggling economy. The PBoC lowered the Loan Prime Rates (LPRs) by 0.25 percentage […]

Maduro bolsters future election prospects with strategic Electoral Council head selection

Elvis Amoroso, a Bolivarian revolution proponent, was elected National Electoral Council (CNE) president of Venezuela on Friday. He will hold this position for the next seven years. This move positions Maduro advantageously for upcoming elections. Amoroso has begun a seven-year term as the president of Venezuela’s CNE. The Venezuelan National Assembly, controlled by officialists, had […]

Brazil’s Lingering Dollar Reliance Amid Fiscal Strategy Shift

Roberto Campos Neto, President of the Central Bank of Brazil, emphasized on Friday that Brazil’s economy still significantly depends on the US dollar. This statement came despite government strategies initiated in the early 2000s aimed at reducing foreign debt and boosting domestic borrowing. During a lecture organized by the International Monetary Fund, Campos Neto highlighted […]