ZURICH, Jan 29 Reuters UBS and Credit Suisse lost some ground in their combined share of the Swiss funds business last year, the Asset Management Association of Switzerland said on Monday, predicting that this would fall further. The market share of the combined bank, which became a single entity last year after UBS stepped in to […]

VIENNA, Jan 29 Reuters The troubled European Signa holding company is facing claims totalling 8.613 billion euros 9.32 billion, its courtappointed manager said on Monday, a figure that is 70 more than debts originally flagged last year when it filed for insolvency. The insolvency manager, Christof Stapf, said that it had recognized only a fraction […]

Jan 29 Reuters When Boeing CEO Dave Calhoun delivers the company39;s fourthquarter results on Wednesday, he will be doing it while the planemaker is in the middle of its biggest safety crisis since the two fatal 737 MAX crashes in 2018 and 2019. The company, long a symbol of America39;s manufacturing prowess, is in the crosshairs […]

Shares drop most since Jan 16 Woolworths sees H1 EBIT A1.68 blnA1.70 bln Sees H1 EBIT NZ to fall 42 yoy Jan 29 Reuters Woolworths forecast on Monday a noncash impairment of NZ1.6 billion 974.40 million in its 2024 interim results, as the retailer39;s New Zealand business faces challenges and a weak market outlook, with shares […]

TAIPEI, Jan 29 Reuters A pilots39; union late on Sunday reached a deal with Taiwan39;s Eva Airways to avert a strike that had been threatened over the crucial Lunar New Year holiday in a dispute over salaries and working conditions. Taoyuan Union of Pilots said last week its members had voted to authorise a strike after accusing Eva […]

BEIJING, Jan 29 Reuters China plans to merge three of the nation39;s biggest bad debt managers into sovereign wealth fund China Investment Corp CIC CIC.UL, staterun Xinhua Finance News reported, as part of a plan to reform financial institutions. Three asset management companies AMCs China Cinda Asset Management, China Orient Asset Management and China Great […]

DUBLIN, Jan 29 Reuters Ryanair on Monday trimmed its profit forecast for the year to the end of March after some online travel agents stopped selling its flights in December, forcing it to cut fares to fill seats. Europe39;s largest airline by passenger numbers said it expected an aftertax profit of between 1.85 billion and 1.95 […]

NEW DELHI, Jan 29 Reuters Indian Prime Minister Narendra Modi is expected to buck a trend of spending big on new welfare programmes in a budget before a general election to instead focus on infrastructure to keep the economy humming while narrowing the budget gap. Finance Minister Nirmala Sitharaman will announce the budget for 202425 […]

Jan 29 Reuters Microsoft39;s early lead in artificial intelligence has the software heavyweight39;s stock market value poised to pull decisively ahead of Apple39;s over the next five years, 13 institutional investors unanimously agreed ahead of the tech titans39; quarterly results this week. Microsoft39;s shares have surged 7 so far in 2024, recently sending its stock market […]