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