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UBS to sell SmartWealth platform to startup

Note: This section contains information in English only.
Source: Dukascopy Bank SA
UBS was closing SmartWealth, the digital platform for wealth management, and selling the intellectual property rights to startup SigFig, the Bank's executives stated.
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29 Aug 2018

BYD reports 72.2% fall in H1 profit

China's BYD Co, backed by the US investor Warren Buffett, reports a 72.2% fall in profit in the first half of the year, after Beijing reined in subsidies.

29 Aug 2018

Putin dilutes pension reforms

The President of Russian Federation has diluted the draft legislation of the pension reform of the country, which caused a fall in his popularity.

29 Aug 2018

Chinese regulator will push on with deleveraging

The Chinese banking regulators on Wednesday announced that they will push on with deleveraging and fending off proactively external risks.