UBS Dials Back China Fund Plans on High Costs, Grim Outlook
UBS Group AG is postponing plans to build its own mutual fund business in mainland China due to high costs and a dim profit outlook, people familiar with the matter said.
UBS Group AG is postponing plans to build its own mutual fund business in mainland China due to high costs and a dim profit outlook, people familiar with the matter said.
The European Central Bank is on course to lower interest rates at its June meeting, according to Vice President Luis de Guindos.
Thailand’s Prime Minister Srettha Thavisin urged the nation’s biggest commercial banks to reduce interest rates for vulnerable groups and small businesses after the central bank repeatedly ignored his calls to lower borrowing cost from a decade-high.
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Renault SA’s first-quarter sales beat estimates on demand for models such as the revamped Clio, Sandero and electric Megane E-Tech.
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