Latest News on private equities market

Julius Baer to cut 300 jobs after 2019 profit drop

Julius Baer to cut 300 jobs after 2019 profit drop

Julius Baer will cut 300 jobs this year, its chief executive said on Monday, as the Swiss wealth manager looks to boost profitability after a double-digit percentage earnings fall during 2019.



6 years ago
Sri Lanka to probe graft accusations over Airbus deal

Sri Lanka to probe graft accusations over Airbus deal

Sri Lanka has ordered a probe into accusations of bribery by European planemaker Airbus to pave the way for the sale of aircraft to state-run carrier SriLankan Airlines, after the firm agreed a settlement with regulators.



6 years ago
Impact of virus on China's economy will be temporary: PBOC papers

Impact of virus on China's economy will be temporary: PBOC papers

The impact from a virus epidemic on China's economy will be limited and temporary, and the country's financial markets will return to normal in the long run, a commentary in a newspaper owned by the central bank said on Monday afternoon.



6 years ago
Ryanair to take longer to reach 200 million passenger target due to 737 MAX woes

Ryanair to take longer to reach 200 million passenger target due to 737 MAX woes

Ryanair will take longer than expected to reach its long-term target of flying 200 million passengers per year due to delays in the delivery of Boeing's 737 MAX jet, the Irish airline announced on Monday.



6 years ago
Utilities stocks trump other havens as virus fears spread

Utilities stocks trump other havens as virus fears spread

U.S. utilities stocks have outperformed other traditional havens in recent days, as worries over the spreading coronavirus epidemic sparked a rush to safety.



6 years ago
Credit Suisse proposes Richard Meddings for election to the board

Credit Suisse proposes Richard Meddings for election to the board

Credit Suisse Group said it was proposing Richard Meddings, chairman of British bank TSB, for election as a new non-executive member of its board of directors.



6 years ago
Honda to close Wuhan plants until Feb. 13, no restart date set

Honda to close Wuhan plants until Feb. 13, no restart date set

Japanese automaker Honda Motor Co plans to extend the closure period for its three car plants in Wuhan with Dongfeng Group until Feb. 13, a company representative told Reuters on Monday.



6 years ago
Healthineers first-quarter earnings lower on ramp-up costs

Healthineers first-quarter earnings lower on ramp-up costs

Siemens Healthineers' operating income slipped 11% in the first quarter of its fiscal year, despite higher revenues, as it sold less profitable imaging machines and incurred ramp-up costs for its new Atellica blood-testing machines.



6 years ago
Julius Baer sets sights on lowered costs after 2019 profit drop

Julius Baer sets sights on lowered costs after 2019 profit drop

Julius Baer set out new targets to improve its cost-income ratio by 2022, the bank said on Monday as it posted a 5% drop in adjusted net profit for 2019.



6 years ago
U.S. class actions pile up against Australia's Westpac amid money-laundering scandal

U.S. class actions pile up against Australia's Westpac amid money-laundering scandal

Australia's No.2 lender Westpac Banking Corp was hit with a second U.S. class-action lawsuit in less than a week on Monday, over issues with its financial crime monitoring amid a recent money laundering scandal.



6 years ago
Tele2 fourth-quarter tops forecast, launches new restructuring program

Tele2 fourth-quarter tops forecast, launches new restructuring program

Swedish telecoms operator Tele2 reported quarterly core earnings above market forecasts on Monday and proposed a higher ordinary dividend and a special dividend to be paid out for 2019.



6 years ago
Panasonic third-quarter profit rises 3%, beating estimates

Panasonic third-quarter profit rises 3%, beating estimates

Panasonic Corp on Monday reported a 3% rise in third-quarter operating profit, beating analyst estimates, thanks to restructuring efforts and an improvement at the joint battery business with Tesla Inc



6 years ago
United Airlines suspending U.S.-bound mainland China flights a day earlier

United Airlines suspending U.S.-bound mainland China flights a day earlier

United Airlines said on Monday it will move up its temporary suspension of U.S.-bound flights from mainland China by one day to Tuesday.



6 years ago
Huawei urges U.S. agency to drop national security risk designation

Huawei urges U.S. agency to drop national security risk designation

Huawei Technologies Co Ltd on Monday asked the Federal Communications Commission (FCC) not to finalize its designation of the China tech giant as a risk to U.S. national security, calling the effort "unlawful and misguided."



6 years ago
Alphabet shares fall as Google misses on sales, debuts YouTube revenue

Alphabet shares fall as Google misses on sales, debuts YouTube revenue

Google-parent Alphabet Inc on Monday reported its worst fourth-quarter revenue growth since 2015, missing analysts' estimate for a period in which its top online advertising rivals beat expectations.



6 years ago