UBS to revamp investment bank in bid to lift flagging earnings

Switzerland’s UBS plans another shake-up of its investment banking arm to help boost earnings and curb costs after tough market conditions precipitated a performance dip. The world’s largest investment banks have had their worst start to a year since 2006, the latest data published by industry analyst Coalition on Thursday shows. “What’s been communicated today […]

Read More →
Microsoft Says Sharp Growth in Cloud Business Helps Lift Revenue

HIGHLIGHTS Cloud business has boosted Microsoft’s revenuw for Q1 Microsoft has already streamlined its smartphone business Company earlier said it may not reach goal of 1 billion active devices Sharp growth in its commercial cloud computing business helped lift Microsoft Corp’s quarterly revenue above Wall Street’s expectations, sending the technology company’s shares up more than […]

Read More →