China's Haitong Intl cuts UBS business ties over pig comment
Share:
BEIJING/SHANGHAI (Reuters) - Haitong International Securities has cut ties with UBS after a comment about Chinese pigs by a top economist at the Swiss bank was perceived by some as a racist slur. Haitong International, the Hong Kong unit of Chinese brokerage Haitong Securities Co, said on Friday that it has suspended all collaboration with UBS, including corporate finance and trading.No other Chinese brokerages and financial institutions collaborating with UBS have cut ties, but some in the..