Massive Bank Capital Gap Looms in Europe

Europe's banks face a capital hole of at least 200 billion euros ($404 billion) if Greece forces them to slash the value of its debt and other troubled euro-zone countries like Italy and Ireland follow suit.

UBS Chief's Message to Board: Stick with 'Integrated' Bank

UBS CEO Oswald Gruebel will stress to the board of directors that he wants the investment bank to remain part of Swiss bank's "integrated banking model" in meetings on Thursday and Friday, sources said, after rogue trading cost the bank $2.3 billion.

UBS Boss Seeks Board Vote of Confidence: Report

UBS AG Chief Executive Oswald Gruebel will seek a vote of confidence at a board meeting in Singapore for plans to slash the investment banking division that caused a $2.3 billion loss due to unauthorized trading, a Swiss newspaper reported on Tuesday.

Hitachi Buys U.S. Data Storage Firm BlueArc

Hitachi Ltd (6501.T) said on Thursday it has bought struggling California-based network storage company BlueArc Corp in an all-cash transaction after a five-year OEM partnership, in the latest such move to take advantage of the yen's strength.

Hong Kong Shares Up; Gold Rises for Second Day

Hong Kong shares edged higher on Tuesday, as a late short covering rally helped snap a two-day losing streak, but strong gains in utilities names and low turnover suggest that investors remain skeptical the bounce can be sustained.

Asia's Factories Quieter as Exports Slip

Slumping export demand slowed factory activity in some of Asia's biggest economies in August, although China fared better thanks to solid domestic growth, a series of surveys released on Thursday showed.


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European Markets up; U.S. Stock Futures down

European shares gained in early trading Monday morning, tracking a late rally in Wall Street Friday, after Federal Reserve Chairman Ben Bernanke raised hopes for more economic stimulus.
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Analysis: Gold Shines As Swiss Franc Fades

Moves by the Swiss National Bank to curb strength of the Swiss franc will fuel investors' insatiable demand for gold, adding to its relentless rise to new record highs as confidence in the franc as a safe store of value dwindles.
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Credit Suisse to Buy All of Hedging-Griffo-Report

Credit Suisse Group (CSGN.VX) will buy the nearly 50 percent stake it does not own of Brazilian investment fund Hedging-Griffo, which the Swiss bank will make its sole asset management platform in Latin America's biggest economy, a local newspaper reported on Monday.
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Gold Sets Record, U.S. Stocks Slip

Gold set a record high on Friday on safe-haven buying but commodities rebounded after the U.S. dollar plunged to a record low against Japan's currency on speculation authorities will not halt the yen's surge.