UBS takes a $2 billion Hit due to Rogue Trader: Kweku Adoboli Charged

UBS takes a $2 billion Hit due to Rogue Trader: Kweku Adoboli Charged

By Jay Raol - Sep 16, 2011

Switzerland’s largest bank, UBS AG, declared having been hit by $2 billion in losses because of a unauthorized trading carried out by a rogue trader, as a result of which, the ba

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Commodities Giant Glencore to raise over $12billion through IPO

Commodities Giant Glencore to raise over $12billion through IPO

By Aubrey Chang - May 05, 2011

Considered to be the world’s biggest commodities trader and supplier, the Swiss company Glencore, is all set to become bigger and stronger by floating company shares to the publi

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Super Luxurious Sleepovers: World’s Most Expensive Hotels 2011

Super Luxurious Sleepovers: World’s Most Expensive Hotels 2011

By Vrushti Mawani - Apr 22, 2011

Business or pleasure, whatever your reason for staying over at one of these beyond-fancy hotels, the one thing you can be absolutely certain about is that the experience will leave

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Judgment Day Chardonnay du Monde®: 2011’s Best Chardonnays declared

Judgment Day Chardonnay du Monde®: 2011’s Best Chardonnays declared

By Christy Gren - Apr 04, 2011

Wine connoisseurs world-over wait for this: a list of the best wines of the year, and given this specific event, a ranking of the world’s best chardonnays for the year. The Chard

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Return to first-yearly profit post-financial crisis for Swiss banking giant UBS

Return to first-yearly profit post-financial crisis for Swiss banking giant UBS

By Jay Raol - Feb 09, 2011

A significant turn-around since a loss of 2.7bn francs in 2009, UBS, Switzerland’s biggest bank, has posted a net profit of 7.2bn Swiss francs ($7.5bn; £4.7bn) for 2010 –

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