UBS faces at least $3.6 billion in penalties in French tax case appeal

PARIS (Reuters) – French prosecutors will seek to fine UBS at least 2 billion euros for allegedly helping wealthy clients stash undeclared assets offshore, the Paris court handling the Swiss bank’s appeal against earlier penalties on the matter said. The French state is also seeking 1 billion euros in damages, the court said in a […]

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New Zealand – ANZ Commodity Price index for January: +3.6% m/m (prior +1.8%)

ANZ’s indicator of price trends for New Zealand’s 17 main commodity exports, higher for a fourth consecutive month. +3.6% m/m and +4.6% y/y  In NZD terms the gain on the month is not quite so strong due to the higher currency: +2.4% m/m -2.2% y/y — The news today so far from New Zealand has […]

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South Korea 1st 20 days of September exports +3.6% y/y

With imports during the same period -6.8% y/y Exports per working day (this helps to account for differing numbers of weekend days in the years being compared) are -9.8% y/y exports to China +8.7% y/y semiconductor exports +25.3% y/y  For bank trade ideas, check out eFX Plus Let’s block ads! (Why?) Forexlive RSS Breaking news […]

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