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Tennis-Thinking Too Much About 24th Slam Didn’t Help, Says Serena
Date: August 9, 2022
By Sudipto Ganguly (Reuters) – Thinking too much about the elusive 24th Grand Slam title to equal Margaret Court’s record did not help Serena Williams’ quest, the American great admits as she prepares to hang up her racket after a sparkling career. It seemed only a matter of time before Williams would surpass Australian Court...
Billionaire Lo Weighs Adding to Formula One Investments After Williams
Date: August 2, 2022
By Carolyn Cohn and Selena Li LONDON/HONG KONG (Reuters) – Hong Kong-based billionaire Calvin Lo is considering putting more money into Formula One following his connection with F1 team Williams, Lo told Reuters in an interview, adding other Asian investors were also interested in investing in the sport. Lo, chief executive of insurance broker RE...
Too Early to Call Market Turn, Schroders CEO Says
Date: July 28, 2022
By Carolyn Cohn LONDON (Reuters) -It is too early to call an end to financial market falls driven by the Ukraine war, the chief executive of Schroders said on Thursday, as the British fund manager’s shares hit six-week highs on an uptick in assets under management. Asset managers have been suffering from a drop in...
UBS Shares Drop as Q2 Disappointment Flags Challenging Rest of Year
Date: July 26, 2022
By Oliver Hirt and Tom Sims ZURICH (Reuters) – UBS posted a smaller-than-expected quarterly profit as turmoil in financial markets hurt its investment banking and wealth management businesses, with some analysts predicting the Swiss bank will see harsh conditions in the second half. The Zurich-based bank kicks off a round of earnings by major lenders...
UBS Set for Challenging Second Half After 2nd Qtr Disappoints
Date: July 26, 2022
By Oliver Hirt and Tom Sims ZURICH (Reuters) – UBS posted a smaller-than-expected quarterly profit as turmoil in financial markets hurt its investment banking and wealth management businesses, with analysts predicting the Swiss bank will see harsh conditions in the second half as well. The Zurich-based bank kicks off a round of earnings by major...
Swiss Bank Julius Baer Freezes Hiring After Market Downturn Hits Earnings
Date: July 25, 2022
By John Revill ZURICH (Reuters) -Swiss wealth manager Julius Baer will freeze hiring for non relationship manager positions after higher costs and lower client activity triggered a 26% drop in first half earnings. The bank, which competes with UBS and Credit Suisse in managing the investments of ultra wealthy clients, said on Monday it would...