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11/21/2024 10:25:17 pm

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Morgan Stanley

Morgan Stanley, UBS to boost presence in China

Morgan Stanley and UBS Group AG are looking to increase their footprints in China. The news is being widely seen as the endorsement of booming a Chinese economy. Both the financial firms plan to boost their holdings in their respective joint ventures in China to permissible 49 percent.

One billionaire pops up nearly every three days in Asia, and 50 percent of them are from China, according to a new report by Switzerland’s UBS and advisory group PricewaterhouseCoopers.

One Billionaire Pops Up in China Every 5 Days

One billionaire pops up nearly every three days in Asia, and 50 percent of them are from China, according to a new report by Switzerland's UBS and advisory group PricewaterhouseCoopers (PwC) on global billionaires in 2015 released on Thursday (Oct. 13).

Dalian Wanda is a Chinese company and the world's biggest private property developer and owner and the world's largest cinema chain operator.

UBS Cancels $4.4-B Wanda Privatization Deal

Banking giant Union Bank of Switzerland (UBS) did not proceed with the $4.4 billion deal with Dalian Wanda Commercial Properties.

apple-watch

One In Ten Apple Customers Would Buy Apple Watch

In a new customer survey, one-in-ten iDevice owners would buy the Apple Watch.

investor

UBS Says China's Economy Will Slow Down Over Next Two Years

The investment bank forecasts that the China's GDP growth will decelerate to 6.8 percent in 2015 and 6.5 percent in 2016.

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