"UBS has made clear that the bank disagrees with the allegations, assumptions and legal interpretations being made." Magistrates were expected this week to order a trial in the case, Reuters reported on Sunday, after negotiations failed to produce a settlement in the long-running probe into allegations UBS helped clients avoid taxes.
BEIJING China's government has been seeking advice from its think-tanks and policy advisers on how to counter potential trade penalties from U.S.
President Donald Trump, getting ready for the worst, even as they hope for business-like negotiations.
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