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Global Economic Shifts: UBS Considers US Move, South Korea Expresses Outrage, and China Redefines the “New Oil”
Stock Market News· 2025-09-14 21:08
Key TakeawaysSwiss banking giant UBS (UBS) is reportedly considering a move to the United States to circumvent new, "punitive" capital requirements proposed by the Swiss government, which could necessitate an additional $26 billion in core capital.U.S. President Donald Trump has assured foreign experts are welcome after a U.S. Immigration and Customs Enforcement (ICE) raid at a Hyundai-LG electric vehicle battery plant in Georgia sparked outrage in South Korea, leading to the detention of over 300 South Kor ...