Stocks slip, dollar drifts after Fed cools rate cut betsThe dollar nursed overnight gains while Europe's share markets struggled early on, after the U.S. central bank dampened bets that it might be readying its first interest rate cut in years.
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UBS chairman defends French tax case to shareholdersUBS Group had to go to court in France to fight charges that the Swiss bank helped wealthy clients dodge taxes because it was unable to strike a reasonable settlement, Chairman Axel Weber told shareholders on Thursday.
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