While the U.S. gave Huawei a 90-day reprieve, allowing American businesses to keep selling specific products to the Chinese firm, it also added more affiliates of the...Technologyread more
The attacks come after state and local ransomware attacks in New York, Louisiana, Maryland and Florida resulted in the loss of significant sums.Technologyread more
United States Steel Corp will temporarily lay off hundreds of workers at its Great Lakes facility in Michigan in coming weeks, according to a filing the steelmaker made with...US Marketsread more
While Hong Kong leader Carrie Lam painted a bleak picture of the city's economy, she expressed hope that dialogue with protesters could provide "a way out."China Politicsread more
China's pursuit of the Middle East may spur growth in the Islamic finance sector.World Economyread more
Twitter and Facebook have suspended accounts believed to be tied to a state-backed disinformation campaign originating from inside China.Technologyread more
U.S. President Donald Trump and his former White House communications director Anthony Scaramucci have had a public falling out recently.Politicsread more
The report comes as Trump in recent days has lashed out over media reports about growing recession fears.Politicsread more
Beijing will lower borrowing costs for companies, but that may not boost the economy as much as some hope.China Economyread more
Stocks are bouncing higher but could be trapped in a range longer term, until there's a resolution of the trade wars.Market Insiderread more
Stocks in Asia mostly traded higher Tuesday afternoon as minutes from the Reserve Bank of Australia's July meeting were released. The People's Bank of China also published its...Asia Marketsread more
Swiss private bank Julius Baer said on Monday that Chief Executive Boris Collardi was resigning with immediate effect to take a post at Pictet Group in Geneva.
Zurich-based Baer appointed current Chief Risk Officer Bernhard Hodler as CEO, adding it would engage in an evaluation process to address the long-term leadership of the group.
Collardi, whose role as a Pictet partner will include helping oversee its global wealth management business, is leaving Baer just after the biggest-listed Swiss private bank posted record assets under management of 393 million Swiss francs ($401.10 million) earlier this month.
"Julius Baer is in excellent shape," Chairman Daniel Sauter said in a statement.
Hodler's "appointment ensures continuity in our successful strategy and the delivery of our growth targets," Sauter added.
Hodler, who was named Collardi's deputy in September 2017, has been a member of Julius Baer's senior executive team since 1998 and has held positions including chief operating officer.
Hodler said he did not expect major changes in the bank's strategy. "I stand for continuity," he said on a call with reporters.