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Commerzbank
in red again despite huge one-off gain
Frankfurt: Commerzbank posted a third quarter pre-tax
loss on Tuesday despite a huge one-off gain, and confirmed
a long-awaited cull of its investment banking operations.
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UBS
rejects apartheid lawsuit claims
Zurich: Swiss bank UBS said on Tuesday it rejected
claims made in a lawsuit that the firm was among companies
who had allegedly enabled human rights abuses by trading
with South Africa during the apartheid regime.
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Webster
quits as head of new US accounting board
Washington: Former FBI chief William Webster has
submitted his resignation as chairman of a new US board
set up to police scandal-tarred corporate accountants,
amid controversy over his ties to a company accused of
fraud, said congressional sources on Tuesday.
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US
back as world's most competitive economy
New York: The United States has regained top spot
as the world's most competitive economy and has the best
prospects for growth over the next five to eight years,
the World Economic Forum said in a report published on
Tuesday.
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Free
trade talks gaining momentum: WTO chief
Geneva: World Trade Organisation chief Supachai
Panitchpakdi says he is confident year-end deadlines for
deals on issues dearest to developing countries can be
met, boosting global free trade talks.
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Webster
hints at quitting new US accounting
board
Washington: William Webster said he will probably
step down as head of the US government's new accounting
board because of questions about his involvement in a
firm under scrutiny, The Wall Street Journal reported
on Tuesday.
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Ex-Ford
CEO Nasser takes Bank One job
Detroit: Jacques Nasser, the former Ford Motor
Co. chief executive who was ousted last year after a stormy
34-month reign as head of the world's No. 2 automaker,
was named head of Bank One Corp.'s venture capital unit
on Monday.
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