Bloomberg UBS Group AG plans to raise the fixed salaries for some of its more senior employees by as much as 20% to prevent poaching by competitors. A review at Switzerland’s largest bank found differences in base pay among employees in the same roles, and when compared with competitors, people familiar with the plans said. As a result, UBS plans …

Bloomberg European stocks and the US futures dropped as coronavirus infections continued to climb and investors doubted that Washington lawmakers will reach an economic stimulus package anytime soon. German software maker SAP SE plunged 20% after cutting its revenue forecast, saying that pandemic will continue to hurt business. Investors sought protection in haven assets. Treasuries rise, sending yields on the …

Bloomberg India stocks fall as an elusive US stimulus deal kept sentiment muted in the region while investors closely watched local companies’ earnings. The S&P BSE Sensex lost 1.6% to 40,042.70 as of 2:19 pm in Mumbai, while the NSE Nifty 50 Index also declined by the same magnitude. “It is predominantly global factors at play here with US futures …