Swiss-lender UBS saw a 16% drop year-on-year in its third-quarter profit as the bank warned of a 'challenging environment.' The bank's net profit attributable to shareholder for the third-quarter came in at $1.049 billion. This is lower than the…

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Fred Dufour | AFP | Getty Images The yuan will continue trading above 7-per-dollar even if the United States and China manage to ink a partial deal, experts say. The Chinese currency, also known as the renminbi, has eased in recent months as trade…

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Giulia Marchi | Bloomberg | Getty Images Jamie Dimon, chief executive officer of U.S. banking giant J.P. Morgan Chase, told CNBC-TV18 that lowering interest rates is not a game-changer in driving up borrowing and lifting economic growth. 'I think…

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ABU DHABI — TransferWise, the $3.5 billion financial technology start-up backed by investors including Peter Thiel and Richard Branson, is expanding its money transfer service in the Middle East. The company announced Tuesday it obtained a…

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President Donald Trump is prepared to use military force against Turkey over its actions in Syria in the event that such is 'needed,' Secretary of State Mike Pompeo said Monday as U.S. troops withdraw from the region. 'We prefer peace to war,'…

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