Julius Baer posts 16% margin boost through April, AuM drops

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Julius Baer posts 16% margin boost through April, AuM drops

ZURICH (Reuters) – Julius Baer (BAER.S) posted a 16% rise in gross margins in the first four months of 2020 to 392 billion Swiss francs ($403.38 billion), the Swiss private bank said on Tuesday, while coronavirus turmoil in markets dented assets under …
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Why did Bharti Airtel rally 10% despite Rs 5237 crore Q4 loss

NEW DELHI: Shares of Bharti AirtelNSE 3.69 % jumped 10 per cent in Tuesday’s trade, as brokerages stayed upbeat on the scrip even after the telco reported a surprise Rs 5,237 crore loss for March quarter late Monday. Analysts said Airtel’s India business …
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April European car sales see worst drop since records kept

MILAN (AP) — European car sales bottomed out last month as the automotive industry faces its worst crisis in decades. Strict lockdown measures to contain the coronavirus closed most dealerships across the continent for the full month of April amid a …
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Sony to turn financial arm into wholly owned unit for $3.7 billion: Nikkei

TOKYO (Reuters) – Sony Corp (6758.T) will turn its financial arm, Sony Financial Holdings Inc (8729.T), into a wholly owned unit through a tender offer worth about 400 billion yen ($3.72 billion), the Nikkei business daily reported. The early-afternoon report …
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IRS adding 3500 phone reps to answer stimulus payment calls

But many bank accounts were temporary ones set up by tax prep chains for doing refund transfers, and there was no record of the taxpayer's own bank
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