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|GENEVA Nike Air VaporMax UK , July 28 (Xinhua) -- Swiss banking giants UBS and CreditSuisse on Friday both posted higher than expected profits for thesecond quarter of 2017 thanks to improved investor confidence.
UBS net profit for the half year climbed 14 percent at 1.17billion Swiss francs (1.21 billion U.S. dollars).
Credit Suisse posted net income of 303 million francs (313million dollars), above market forecasts and compared with profit ayear earlier of 170 million francs, a net profit jumping 78percent.
"Improved investor sentiment and enhanced confidence havetranslated into improvements in wealth management client activitylevels," UBS said in a statement.
Chief executive Sergio Ermotti said Nike Air Presto UK , "Considering marketconditions, the second quarter results were very good andcontributed to a strong first half of the year.
"Our global wealth management business in particular deliveredan excellent performance."
He said the results demonstrate the value of UBS' diversifiedbusiness model, allowing it to grow "profitably and sustainably" ina variety of market conditions.
Tidjane Thiam, chief executive officer of Credit Suisse Nike Air Max TN Plus UK , said,"We are now midway through the execution of our three-yearstrategic plan and our strategy is working."
He said the bank is making good progress by focusing on itsglobal wealth management opportunities after it restructured.Enditem
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by Christine Lagat
NAIROBI, Dec. 13 (Xinhua) -- The inaugural China-AfricaIndustrial Capacity Cooperation Expo kicked off on Wednesday inNairobi amid acknowledgement of the role of capital, expertise andtechnology from Beijing to fuel Africa's industrial progress.
Kenya's Cabinet Secretary for Trade Nike Air Max 97 Mens UK , Industry and CooperativesAdan Mohamed opened the expo, where more than 50 Chinese firms areshowcasing their products to potential local and regionalclients.
Mohamed said in his opening remarks that Kenya was privileged tohost the first China-Africa industrial expo that aims to deepentrade ties between the Asian giant and its partners in the world'ssecond largest continent.
"Kenya is pleased and proud to be hosting this maiden edition ofChina-Africa Industrial Capacity Cooperation Exhibition," saidMohamed.
"This forum happening for the first time in Africa symbolizesthe confidence that China has in the continent and morespecifically Kenya and its desire to develop that partnership to adeeper and higher level," he added.
Senior Kenyan policymakers and staff from the Chinese Embassy inNairobi joined executives from major Chinese firms to inauguratethe four-day expo aimed at showcasing investment opportunities inthe region and across the continent.
Mohamed said Kenya has enacted progressive legislative andpolicy frameworks to attract foreign direct investments from Chinaand other emerging economies.
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He said Kenya is keen to court Chinese investors in its quest totransform key sectors of the economy like manufacturing,agro-processing, infrastructure and real estate.
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Li Xuhang, minister counsellor of the Chinese Embassy in Kenya Nike Air Max 97 UK ,said investments in manufacturing sector will enable Africancountries to realize rapid economic growth.
Chinese firms participating in the Nairobi expo are drawn fromdiverse sectors of the economy and will be scouting for newbusiness opportunities and local partnerships.
Kiprono Kittony, chairman of Kenya National Chamber of Commerceand Industry, said the country stood to gain from the first everChina-Africa industrial capacity cooperation . Cheap 76ers Jerseys Soccer Jerseys Online New MLB Jerseys Cheap Adidas NHL Jerseys Cheap Nike NFL Jerseys Cheap Throwback NCAA Jerseys Cheap NBA Basketball Jerseys Cheap Authentic Soccer Jerseys Cheap College Hockey Jerseys Cheap MLB Baseball Jerseys Cheap