MELBOURNE / Bloomberg Australia & New Zealand (ANZ) Banking Group Ltd. said its wealth management head Joyce Phillips is leaving as the lender folds parts of the business into its retail unit. The Australian wealth distribution business, and wealth management activities in Asia and New Zealand, will be merged with the retail units, the Melbourne-based lender said in a regulatory …

Moscow / AFP Russia’s flagship carrier Aeroflot said it had reduced its loses in 2015, as the country’s airlines continue to grapple with the fallout of Russia’s economic crisis. The majority state-controlled company registered a net loss of 6.5 billion rubles ($88 million, 80 million euros) down from some 17 billion rubles in 2014 and ahead of analyst predictions. “The …

ANKARA / Bloomberg Profit at Turkey’s national airline surged last year as lower fuel costs compensated for geopolitical risks and security concerns. Turkish Airlines’ net income rose to a record $1.1 billion last year from $832 million in 2014, the company said in a statement to the Borsa Istanbul late on Monday. That beat expectations of all 22 analysts in …