UBS sees wealth management inflows of at least 3 percent by 2021
UBS Group AG aims to grow wealth management profits at the upper end of its target range over the 2019-2021 period and set a target for net new money growth of at least 3 percent by 2021 from the current 2 to 4 percent, the world’s largest wealth mana…
UBS targets American wealth for growth as investment bank shines
UBS said it is targeting ultra-rich Americans for growth, as it reported a strong investment banking performance which offset sluggishness in its wealth management business.
Oil prices steady after stock markets plunge
Oil prices steadied on Thursday, recovering from an early sell-off after Asian and European stock markets plunged in the wake of Wall Street’s biggest daily decline since 2011.
Jaguar launches Slovak plant, sees output hitting 100,000 by 2020
British carmaker Jaguar Land Rover (JLR) expects to hit annual production of 100,000 cars at its plant in Slovakia by 2020, the chief executive of the newly opened factory, Alexander Wortberg, said on Thursday.
One trillion yuan: China state carmaker FAW gains huge credit line
China’s state-owned automaker FAW Group said it signed a deal with 16 banks for a credit line worth more than 1 trillion yuan ($144 billion), an eye-catching amount analysts said was mostly symbolic, albeit an important signal of government support.
UK regulator upholds Facebook fine in Cambridge Analytica row
Britain’s information regulator on Thursday upheld a small but symbolic 500,000 pound ($645,000) fine for Facebook for breaches of data protection law related to the harvesting of data by consultancy Cambridge Analytica.
Oil prices fall as stock markets plunge
Oil prices fell on Thursday as Asian and European stock markets plunged in the wake of Wall Street’s biggest daily decline since 2011, with investors shedding risk in an uncertain political landscape.
Jaguar Land Rover’s Slovak plant to produce 100,000 cars a year by 2020
British carmaker Jaguar Land Rover expects to reach annual production of 100,000 cars at its plant in Slovakia by 2020, the chief executive of the newly opened factory, Alexander Wortberg, said on Thursday.
WPP shares plunge as falls behind ad rivals in post-Sorrell era
WPP lost a fifth of its market value on Thursday after a major downturn at its creative agencies in New York and London forced it to cut its sales and profit forecasts, ramping up the pressure on new boss Mark Read.
Hyundai Motor posts big profit miss on U.S. recalls; shares tumble
Hyundai Motor Co said third-quarter profit plunged by a shocking two-thirds on Thursday, hit by a $440 million one-off charge related to U.S. recalls and sending its shares tumbling.
