German Robotics Industry Faces Stiff Competition from China, VDMA

BERLIN, June 17 Reuters Growing competition from China is weighing on the outlook for Germany39;s robotic industry, which is already struggling with falling orders in a weak domestic economy, a representative of the VDMA engineering association told Reuters. Competition is fierce, Frank Konrad, head of VDMA39;s robotics and automation department, said in comments published on […]
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UBS to Book 900M Provision Linked to Inherited Greensill Funds

ZURICH, June 17 Reuters UBS expects to record a provision of roughly 900 million on Credit Suisse39;s funds linked to collapsed supply chain financing firm Greensill Capital, the Swiss bank said on Monday. UBS acquired Credit Suisse last year after its longtime rival imploded following a string of financial problems. Among them, Credit Suisse racked up […]
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BOJ Kept Interest Rate Target at 01, Prelim U.S. Consumer Sentiment Lower than Expected, U.S. Consumers Worry about Inflation, U.S. Dollar Strengthened, Stocks, Gold and Crude Oil Moved Higher

Previous Trading Days Events 14.06.2024 The Bank of Japan BOJ announced a quantitative tightening plan next month and kept interest rates unchanged. The BOJ said on Friday it would start trimming its bond purchases and announce a detailed plan to reduce its nearly 5 trillion balance sheet in July. It maintained its shortterm policy target […]
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