Business

UOB's posts 5.4% increase in Q1 profit

UOB's posts 5.4% increase in Q1 profit

Total income grew 7.8 percent to S$2.12 billion. The non-performing loans (NPL) ratio was stable at 1.5 per cent compared with the previous quarter, while NPL coverage stayed high at 118 per cent. Net customer loans rose to S$225.11 billion from S$205.58 billion past year. "Against an unpredictable and volatile macro backdrop, we have maintained a resilient portfolio and strong balance sheet", said UOB deputy chairman and chief executive officer Wee Ee Cheong.


EU draft guidelines say British exit talks come first

EU draft guidelines say British exit talks come first

This could force a dialogue on Gibraltar in which Madrid could have the upper hand. It said it is making preparations in case talks break down. "It will provide clarity and certainty for businesses, workers and consumers across the United Kingdom on the day we leave the EU".



United Airlines ditches plan to make CEO chairman after passenger scandal

Robert Milton, who has been chairman since 2016, will retain that position, the company said. United, City Of Chicago Will Keep Evidence Related To Passenger Dragging: Lawyers for Dr. "Getting answers for the public about what happened and what can be done to prevent such an incident from happening again is a priority for the members of our committee", said a statement from the committee released Friday.


Uber is planning to fly cars in Dallas, Dubai by 2020

Uber is planning to fly cars in Dallas, Dubai by 2020

It said initial networks would be set up in the USA city of Dallas and Dubai in the United Arab Emirates (UAE). Helicopters are the " closest equivalent " to the vehicle Uber has in mind, however the aircraft will be much quieter while flying above residential areas.


David Dao, United Airlines agree on settlement over dragging incident

David Dao, United Airlines agree on settlement over dragging incident

Dao's lawyers announced the deal Thursday, but did not disclose the financial terms of the settlement . Dao suffered a concussion and broken bones, according to his attorney, when he was forcibly removed from the flight at Chicago's O'Hare International Airport two weeks ago in order to make room for United crew members.



J Sainsbury plc (SBRY) Earns "Reduce" Rating from HSBC Holdings plc

The SI to Ies Holdings Incorporated's float is 3.55%. Liberum Capital restated a "buy" rating and issued a GBX 5,500 ($70.31) price objective on shares of Shire PLC in a report on Thursday, March 9th. California State Teachers Retirement Sys stated it has 99,099 shares. Orbis Investment Management increased Aetna Inc New (NYSE:AET) stake by 31,819 shares to 60,447 valued at $7.50M in 2016Q4.