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UBS piles up losses, clients withdraw assets

File photo shows a UBS bank logo near the Swiss Parliament in Bern. Swiss banking giant UBS plunged into further losses of 564 million francs (373 million euros, 552 million dollars) for the third quarter, but said it expected the situation to improve in coming months.
AFP - Wednesday, November 4

ZURICH (AFP) - - Swiss banking giant UBS on Tuesday plunged into further losses during the third quarter as clients spooked by tax scrutiny withdrew billions of dollars of funds and assets from the bank. More »

  • File photo of Polish-French director Roman Polanski. Lawyers for Polanski will argue for the director's 1970s child sex conviction to be dismissed for judicial misconduct at a hearing in Los Angeles next month, legal sources said.

    Polanski sex case appeal set for December 10

    AFP - Tuesday, November 3

    LOS ANGELES (AFP) - - Lawyers for Roman Polanski will argue for the director's 1970s child sex conviction to be dismissed for judicial misconduct at a hearing in Los Angeles next month, legal sources said.

  • A Ford employee works on the assembly line at Ford's Chicago plant in August, 2009. Ford Motor Co. on Monday posted surprise earnings of nearly a billion dollars in the third quarter and said it was on track to become

    Ford posts surprise earnings, sees solid profit rise

    AFP - Tuesday, November 3

    CHICAGO (AFP) - - Ford Motor Co. on posted surprise earnings of nearly a billion dollars in the third quarter and said it was on track to become "solidly profitable" by 2011 after years of painful losses.

  • A man walks past the entrance to the London headquarters of the Royal Bank of Scotland. Royal Bank of Scotland, rescued by the British government in the wake of the global financial crisis, said Monday that it planned to axe about 3,700 jobs across its retail operations in Britain.

    Royal Bank of Scotland says it will cut 3,700 jobs

    AFP - Tuesday, November 3

    LONDON (AFP) - - Royal Bank of Scotland, rescued by the British government in the wake of the global financial crisis, said Monday that it planned to axe about 3,700 jobs across its retail operations in Britain.

  • UN Climate chief Yvo de Boer attends a press conference after the opening session of the UN climate talks in Barcelona. Negotiators meeting for a final session before a worldwide conference on climate change were urged on Monday to craft simple, clear options for politicians facing next month's haggle in Copenhagen.

    Carve out clear options, UN climate talks told

    AFP - Tuesday, November 3

    BARCELONA, Spain (AFP) - - Negotiators meeting for a final session before a worldwide conference on climate change were urged on Monday to craft simple, clear options for politicians facing next month's haggle in Copenhagen.

  • A Fiat employee works on an assembly line in Turin, Italy. A widely-watched index of manufacturing activity in the 16-nation eurozone has shown that the sector expanded in October for the first time since May 2008.

    Eurozone manufacturing expands in 17-month first

    AFP - Tuesday, November 3

    BRUSSELS (AFP) - - Manufacturing activity across the eurozone expanded in October for the first time since May 2008, in the latest sign that the worst of the recession is behind Europe's leading economies.

  • Nepal is to hold a cabinet meeting on Mount Everest to highlight the impact of global warming on the Himalayas ahead of next month's climate change talks in Copenhagen.

    Nepal cabinet to meet on Everest: minister

    AFP - Tuesday, November 3

    KATHMANDU (AFP) - - Nepal is to hold a cabinet meeting on Mount Everest to highlight the impact of global warming on the Himalayas ahead of next month's climate change talks in Copenhagen, a minister said on Monday.

  • The Soil Moisture and Ocean Salinity (SMOS) mission and the second demonstration satellite under ESAs Project for Onboard Autonomy (Proba-2) prepare to launch into orbit at the the Plesetsk Cosmodrome in northern Russia. The 315-million-euro satellite that will gauge the impact of climate change on the movement of water across land, air and sea.

    Europe probe tracks global warming impact on water

    AFP - Tuesday, November 3

    PARIS (AFP) - - The European Space Agency on Monday launched a water tracking satellite that will help give faster predictions of floods and other extreme weather incidents caused by global warming.

  • Slumdog stars 'may lose allowance' for skipping school

    AFP - Tuesday, November 3

    MUMBAI (AFP) - - Two child stars from the Oscar-winning film "Slumdog Millionaire" may lose their monthly allowance unless they improve their school attendance, a report said on Monday.

  • The logo for the Royal Bank of Scotland is seen on a branch in London. Britain's government will pour up to another 40 billion pounds into bailed out lenders Royal Bank of Scotland, Lloyds Banking Group and Northern Rock ahead of a planned selloff, newspapers said Monday.

    British govt in new bailout to troubled banks: reports

    AFP - Monday, November 2

    LONDON (AFP) - - Britain's government will pour up to another 40 billion pounds into bailed out lenders Royal Bank of Scotland, Lloyds Banking Group and Northern Rock ahead of a planned selloff, newspapers said Monday.

  • Israeli Prime Minister Benjamin Netanyahu arrives to the weekly cabinet meeting at his Jerusalem office. Netanyahu has delayed until the end of the school year the expulsion of 1,200 children of foreigners working illegally in Israel, his office said on Sunday.

    Israel delays expulsion of 1,200 children of foreign workers

    AFP - Monday, November 2

    JERUSALEM (AFP) - - Prime Minister Benjamin Netanyahu has delayed until the end of the school year the expulsion of 1,200 children of foreigners working illegally in Israel, his office said on Sunday.

  • Russian Prime Minister Vladimir Putin, pictured on October 30, warned the European Union on Sunday that gas supplies via Ukraine may be disrupted because of a payment dispute with Kiev, news agencies quoted his office as saying.

    Putin tells EU of risk to gas supply via Ukraine: reports

    AFP - Monday, November 2

    MOSCOW (AFP) - - Russian Prime Minister Vladimir Putin warned the European Union on Sunday that gas supplies via Ukraine may be disrupted because of a payment dispute with Kiev, news agencies quoted his office as saying.

  • Saudi central bank chief and governor of the Saudi Arabian Monetary Agency (SAMA), Mohammad al-Jasser, attends a panel discussion during the Euromoney Saudi Arabia Conference in Riyadh in May. Gulf states plan to launch their monetary council, a precursor for a joint central bank, in 2010 but the planned single currency may be delayed, Jasser said on Sunday.

    Gulf single currency may face delay: bank chief

    AFP - Monday, November 2

    KUWAIT CITY (AFP) - - Gulf states plan to launch their monetary council, a precursor for a joint central bank, in 2010 but the planned single currency may be delayed, the Saudi central bank chief said on Sunday.

  • Abdullah pulls out of Afghan run-off election

    AFP - Sunday, November 1

    KABUL (AFP) - - Opposition candidate Abdullah Abdullah announced on Sunday that he was pulling out of next weekend's run-off presidential election in Afghanistan.

  • A business man walks in Reykjavik in April 2009. Iceland's central bank said on Saturday it would begin progressively lifting capital controls put in place a year ago after the global financial crisis toppled the country's banking system.

    Iceland lifts capital controls as crisis eases

    AFP - Sunday, November 1

    REYKJAVIK (AFP) - - Iceland's central bank said on Saturday it would begin progressively lifting capital controls put in place a year ago after the global financial crisis toppled the country's banking system.

  • The planned route for the planned Nabucco gas pipeline. An Iranian official said on Saturday that European firms are in talks for Iran to join the EU's flagship Nabucco gas pipeline project, which aims to reduce the bloc's reliance on Russia, Mehr news agency reported.

    Iran says EU firms in talks to bring its gas to Nabucco

    AFP - Sunday, November 1

    TEHRAN (AFP) - - An Iranian official said on Saturday that European firms are in talks for Iran to join the EU's flagship Nabucco gas pipeline project, which aims to reduce the bloc's reliance on Russia, Mehr news agency reported.

  • Hamilton seizes pole in Abu Dhabi GP

    AFP - Sunday, November 1

    ABU DHABI (AFP) - - A delighted Lewis Hamilton claimed the 17th pole position of his career when he topped the times in a floodlit qualifying session for Sunday's inaugural Abu Dhabi Grand Prix.

  • British actor Christopher Lee seen here during a photocall at the 8th edition of Marrakesh international film festival, here in 2008. Lee was knighted on Friday at Buckingham Palace, a far cry from the dark and gloomy Hammer Horror film sets where he made his name playing Dracula in the 1950s.

    Arise, Sir Dracula! Christopher Lee knighted

    AFP - Saturday, October 31

    LONDON (AFP) - - British actor Christopher Lee was knighted on Friday at Buckingham Palace, a far cry from the dark and gloomy Hammer Horror film sets where he made his name playing Dracula in the 1950s.

  • A photo provided by the Ukrainian prime minister's press service shows Prime Minister Yulia Tymoshenko speaking during a cabinet meeting in Kiev. Tymoshenko has ordered a three-week closure of Ukraine's schools and cinemas in the toughest measures adopted yet to combat the swine flu virus in Europe.

    Swine flu deaths soar, Ukraine closes schools

    AFP - Saturday, October 31

    GENEVA (AFP) - - The number of global swine flu deaths spiked by 700 in a week, the World Health Organisation said Friday, as Ukraine closed schools and cinemas in the toughest measures taken in Europe over the virus.

  • Youths wearing protective masks share a bottle of vodka in Lviv. Prime Minister Yulia Tymoshenko has ordered a three-week closure of Ukraine's schools and cinemas in the toughest measures adopted yet to combat the swine flu virus in Europe.

    Ukraine closes all schools, cinemas over swine flu

    AFP - Saturday, October 31

    KIEV (AFP) - - Prime Minister Yulia Tymoshenko on Friday ordered a three-week closure of Ukraine's schools and cinemas in the toughest measures adopted yet to combat the swine flu virus in Europe.

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