UBS Group AG’s freshly-combined wealth management unit didn’t get off to the best start.The business, which accounts for about half UBS’s pre-tax profits, posted first-quarter earnings that missed analyst estimates. That disappointment and lower-than-expected asset management results eclipsed a star performance at the investment bank, sending the shares down the most in three months.Chief Executive…
Walmart Inc. is close to finalizing a deal to buy a majority stake in India’s leading e-commerce company for at least $12 billion and may complete the agreement in the next two weeks, according to people familiar with the matter.All the major investors in Flipkart Online Services Pvt are now on board with the Walmart…
Mr. Moon’s office also praised the announcement. “We view the North’s decision as a significant step toward the denuclearization of the Korean Peninsula the world has wished for,” said Yoon Young-chan, a spokesman for Mr. Moon. Despite the enthusiasm, American officials have watched Mr. Kim with a mix of satisfaction and wariness. The North Korean…
‘Bunker-Buster’ It may be too early to judge the full impact of the sanctions, which began to hurt only in the second half of 2017, after China appeared to step up enforcement. This means conditions in North Korea could deteriorate further. Continue reading the main story Some analysts have argued that Mr. Kim’s decision to…
North Korea has achieved its goal of developing a nuclear arsenal and is suspending further tests of atomic weapons or intercontinental ballistic missiles, its state-run media reported, citing leader Kim Jong Un.Kim said the regime’s nuclear test site will be shuttered, according to the Korean Central News Agency. Punggye-ri, built in a secluded mountain valley…
An April that many investors hoped would end two months of indecision in the stock market is not quite living up to billing.While benchmark indexes eked out another week of gains, below the surface, frustration was the rule. Reactions to earnings results are muted -- the average stock is flat the day after reporting. Megacap…
Still, Mr. Trump conspicuously declined to make their release a precondition of his meeting with Mr. Kim. He also did not demand any new concessions from North Korea beforehand, underscoring how determined he is to make history by convening with the leader of a country he threatened with war a few months ago. In preparing…
China said on Wednesday that it wanted to play a positive role in formally ending the war, in which an estimated three million Chinese soldiers fought. But it stopped short of endorsing the idea of a treaty, which is likely to involve extensive negotiations and would require the recognition of North Korea by the United…
The Cboe Volatility Index is how Wall Street measures anxiety. Lately it’s the gauge’s own plumbing that’s making people nervous.It’s a recurrent claim -- the VIX is rigged. It got a fresh airing Wednesday, when the index swung wildly just as derivatives on it were expiring. Billions of dollars are earned or lost as VIX…
President Donald Trump is methodically laying the groundwork for a landmark meeting with North Korean leader Kim Jong Un, a sharp contrast to the haphazard process that has followed previous policy announcements.The White House’s preparations, including an unannounced trip to Pyongyang a few weeks ago by CIA Director Mike Pompeo, indicate that the meeting is…
