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UBS plans to keep as many analysts in UK as possible: Weber

Bloomberg UBS Group AG wants to keep as many research analysts as possible in London after the UK exits the European Union, Chairman Axel Weber said. It will be the Swiss bank’s traders and sales people who, “in the end, need to move to the EU if the UK were to leave,” Weber said in a Bloomberg Television interview. Global ...

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Sri Lanka central bank governor sees no pressure to lift rates

Bloomberg Sri Lanka’s central bank doesn’t see any pressure to tighten policy even as inflation accelerates on the back of a severe drought and poor weather, Governor Indrajit Coomaraswamy said in an interview. “We feel our monetary policy stance at the moment is OK,” Coomaraswamy said in an interview in Washington. “There is no demand side pressure that we see.” ...

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FAA orders probe after A380 GE-Pratt engine blows up

Bloomberg US authorities ordered inspections of some engines powering Airbus SE’s A380 superjumbo jet after one of the turbines blew apart last month during an Air France flight. The Federal Aviation Administration determined there was an “unsafe condition” that “is likely to exist or develop in other products of the same type design,” according to the directive posted on its ...

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