Bloomberg Swatch Group fell to the lowest in a decade as Switzerland’s largest watchmaker faces a triple whammy from Hong Kong protests, competition with smartwatches and viral outbreak in China. Operating profit fell for the first time in three years, dropping 11% to $1.1 billion. Analysts expected 1.09 billion francs. The shares fell as much as 4.1% on January 30. ...

Bloomberg Boeing Co. closed the financial books on a tragic and tumultuous 2019 by revealing that total costs for its grounded 737 Max will surpass $18 billion when the tab for restarting production later this year is included. The planemaker is taking a $2.6 billion pretax writedown to compensate airlines for ballooning losses from a global flying ban that’s expected ...

ABU DHABI / WAM The UAE trade in aluminum amounted to around AED 8 billion during the first three months of 2019, according to statistics revealed by the Federal Competitiveness and Statistics Authority. The Emirates’ trade in the metal hit a record of AED 6.5 bn during the reference period, a growth of 23 percent over the corresponding period in ...