Mark Potter

3 weeks ago | gurutrade.com | Ethan Wang |Yukun Zhang |Mark Potter

BEIJING, March 28 (Reuters) - UBS has received regulatory approval to fully own Beijing-headquartered UBS Securities, the Swiss bank said on Friday, completing a key step in its consolidation of business operations in China after its merger with Credit Suisse. With approval from the China Securities Regulatory Commission, UBS will acquire an additional 33% stake in the brokerage from Beijing State-owned Assets Management and raise its stake to 100%, a UBS press release showed.

3 weeks ago | gurutrade.com | Aidan Lewis |Mark Potter

March 28 (Reuters) - French consumer prices rose less than anticipated in March, as accelerating prices for services were offset by declining energy prices, preliminary data from statistics agency INSEE showed on Friday. France's harmonized inflation rate, adjusted for comparison with other euro zone countries, increased 0.9% year-on-year in March, unchanged from February, but below the average rise of 1.1% expected by economists surveyed by Reuters.

4 weeks ago | gurutrade.com | Kevin Yao |Christian Schmollinger |Mark Potter

BOAO, China, March 27 (Reuters) - China's overall level of debt has topped 300% of GDP and is likely to climb further, but the central bank will continue to ease policy when needed, Xuan Changneng, deputy governor of the People's Bank of China, said on Thursday. "China's stance on implementing an appropriately loose monetary policy is clear, and there is ample room for monetary policy manoeuvres," Xuan said at the annual Boao Forum.

4 weeks ago | gurutrade.com | Ziyi Tang |Jan Harvey |Mark Potter

BEIJING/SHANGHAI, March 26 (Reuters) - Bank of China beat forecasts on Wednesday with a 2.6% rise in 2024 net profit, according to a filing. Profit climbed to 237.84 billion yuan ($32.74 billion) from 231.90 billion yuan in 2023, the bank said in the filing. That was above a median estimate from 13 analysts of 221.47 billion yuan, according to data from LSEG. The bank's net interest margin - a key gauge of profitability - was 1.40% at the end of last year versus 1.41% at the end of September.

1 month ago | cp24.com | Andrew Heavens |Mark Potter

LONDON - Bird flu has been detected in a sheep in northern England, the first known case of its kind in the world, Britain's government said, adding to the growing list of mammals infected by the disease and fueling fears of a pandemic. Many different mammals have died of the H5N1 bird flu virus across the globe including bears, cats, dairy cows, dogs, dolphins, seals and tigers.