UBS to charge super-rich for cash deposits

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UBS to charge super-rich for cash deposits

Swiss banks are to start charging their super-rich clients to look after their piles of cash. UBS, the world’s largest wealth manager, told its ultra-wealthy clients on Tuesday that it would introduce an annual 0.6% charge on cash savings of more than €500,000 …
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MEDIA ALERT: What Fuels Gas Taxes?

Wolters Kluwer Tax & Accounting explores what's behind increasing gas taxes and how they can fluctuate from state to state. Wolters Kluwer Tax
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In Trade War, China's Hard-Line Stance Risks Economy

BEIJING — China’s leader sent a strong message: the Chinese currency could be used as a weapon in the trade war. By allowing the Chinese currency to weaken past a key level this week, China’s leader, Xi Jinping, is adopting a hard-line stance, in what is …
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US Drug distributors propose $10 billion to end state lawsuits over opioids: Bloomberg

(Reuters) – Drug wholesalers AmerisourceBergen Corp (ABC.N), McKesson Corp (MCK.N) and Cardinal Health Inc (CAH.N) have proposed a $10 billion settlement for claims that they played a part in the U.S. opioid epidemic, Bloomberg reported on Tuesday …
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India Stocks Advance on Credit Suisse Upgrade, Kashmir Action

Indian stocks rose after Credit Suisse AG upgraded the nation to overweight amid an escalating U.S.-China trade war, while the government sought to
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