UBS profit picks up as costs decline

Note: This section contains information in English only.
Source: Bloomberg
UBS AG, the largest bank in Switzerland, announced a 15% increase in profit for the second quarter of this year, beating analysts' expectations. Net revenue picked up to 792 million francs versus 690 million francs in Q2 2013. During the last year, costs of the bank were decreased by 2.1 billion francs. Today, UBS AG shares are dropping 0.8% to 16.49 francs by 8:00 GMT in Zurich.
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Tue, 29 Jul 2014 09:30:12 GMT

Argentine bonds drop

Argentine bonds went down for a monthly low as the country rejects talks with its creditors, which may cause Argentina to default on its payments again since 2001. 10-year bonds fell 2.23% to 81.99 U.S. cents, the lowest since June 20. Yields went up 0.36 percentage points to 10.77%.

Tue, 29 Jul 2014 09:08:12 GMT

Dollar hits 2-week low against Euro before Fed

The Greenback reached the weakest level in two weeks against the Euro reflecting the failure of the U.S. economy to rebound in the second quarter to the extent the investors projected. The Dollar depreciated 0.1% to $1.3440 per Euro, the bottom line since July 14th. The Bloomberg Dollar Spot Index remained little changed at 1,014.17 from the end of the previous week. 

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