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ECB to hunker down as eurozone outlook worsens

Analysts expect the European Central Bank to acknowledge growing risks to the eurozone economy Thursday while sticking to its patient course, kicking off a year that could see the Frankfurt institution mostly marking time. The central bank is caught at an intermediate stage of withdrawing...

Asian markets turn lower, pound holds up against dollar

Asian markets edged down Tuesday as profit-takers stepped in following a recent run-up, while the pound maintained gains on hopes Britain will avoid crashing out of the European Union. While there were few catalysts to drive business and Wall Street was closed for a holiday investors are...

UBS annual profits jump to $4.9 billion

Swiss banking giant UBS saw its net profits leap by almost five times last year to $4.9 billion (4.3 billion euros) despite "challenging conditions," it said Tuesday. UBS' 2017 results were hammered by US tax reforms that forced banks that operate in the United States to book...