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.
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.
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.
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.
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.
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.
Convicted former WorldCom CEO Ebbers dead at 78
Bernard Ebbers, the former WorldCom Inc chief executive convicted in one of the largest U.S. accounting scandals, died on Sunday, his family said in a statement.
Virus worries wipe $420 billion off China’s stock market
Investors erased $420 billion from China’s benchmark stock index on Monday, sold the yuan and dumped commodities as fears about the spreading coronavirus and its economic impact drove selling on the first day of trade in China since the Lunar New Year….
Huawei, Chinese chip makers keep factories humming despite coronavirus outbreak
Some Chinese technology firms are continuing to manufacture parts and products despite government calls across various cities and provinces for work to be halted as Beijing seeks to stop the spread of the coronavirus ravaging the country.
China regulator urges fund managers not to sell shares unless they face redemptions – sources
China’s securities regulator has urged some mutual fund managers not to sell shares unless they face investor redemptions, four sources told Reuters, as the country’s stock markets plunged on Monday amid a growing virus outbreak.
