Bloomberg UBS Group AG handed out the smallest bonuses in four years and lowered Chief Executive Officer Sergio Ermotti’s payout as profit slumped last year. The bank cut the bonus pool for 2016 by 17 percent to 2.9 billion Swiss francs ($2.9 billion), according to its annual report. Ermotti, 56, remains the highest-paid executive at the Zurich-based lender, with ...

  Bloomberg Egypt’s external finances improved following the Nov. 3 decision to float the pound, the central bank said, as inflows from investments, remittances and exports picked up. The balance of payments surplus grew to $5.1 billion in the October to December period, from $1.9 billion in the previous quarter, the regulator said in a statement on its website. The ...

  Bloomberg The European Central Bank doesn’t plan to announce a new round of free long-term loans to financial institutions after its policy meeting, according to people familiar with the issue. Targeted longer-term refinancing operations (TLTROs) won’t be renewed for now, the people said, asking not to be named because the Governing Council’s deliberations are private. That stance could still ...