South African rand jumps as investors assess Russia impact
The South African rand gained against the dollar on Monday, as investors watched for potential ripple effects of the aborted weekend mutiny in Russia. At 1506 GMT, the rand traded at 18.6350 against the dollar , around 0.65% stronger than its previous close after jumping over 1% earlier. The dollar was last trading 0.04% weaker […]
Swiss regulator rules out UBS antitrust action over Credit Suisse deal
Switzerland’s financial regulator on Wednesday ruled that the UBS (UBSG.S), takeover of Credit Suisse did not create any competition concerns, despite recommendations from the country’s antitrust watchdog that it merited further scrutiny. Debate has been vigorous in Switzerland about the size and power of UBS, which analysts say has a dominant position in areas such as Swiss […]