Bloomberg Union Bancaire Privée SA (UBP has hired a group of about 15 private bankers from BNP Paribas SA as it steps up expansion in Asia, according to a person familiar with the matter. Some of the bankers will report to Alfred Tsai, who was BNP’s Hong Kong-based head of China wealth management before he joined UBP, said the person, ...

Bloomberg Poland’s prime minister ordered an investigation into the regulator of the country’s financial industry after a newspaper reported that its chairman made an improper offer to the owner of a troubled bank. The Financial Supervision Authority rejected as “untrue” a report in Gazeta Wyborcza that Marek Chrzanowski suggested to Leszek Czarnecki, the owner of Getin Noble Bank SA, how ...

Bloomberg Two US pilots’ unions say the potential risks of a safety feature on Boeing Co.’s 737 Max aircraft that has been linked to a deadly crash in Indonesia weren’t sufficiently spelled out in their manuals or training. Boeing and the Federal Aviation Administration issued directives telling flight crews about the system, which is designed to provide extra protection against ...

Bloomberg Tata Group is conducting due diligence on Jet Airways India Ltd., as the conglomerate looks to expand its footprint in the country’s growing air travel sector by potentially buying a stake in the cash-strapped carrier, according to people familiar with the matter. The talks are still in their early stages and there’s no certainty they would result in a ...

Bloomberg Cathay Pacific Airways Ltd., which is under fire for the world’s biggest airline data breach, said the sophisticated attacks lasted months as it took steps to shield its exposed computer network. The attacks were most intense March through May and continued, Asia’s biggest airline said in a written submission to Hong Kong’s legislature before a panel hearing this week. ...

Bloomberg Singapore Airlines Ltd. reported an 81 percent plunge in second-quarter profit as higher fuel costs weighed on earnings. Net income for the three months through September fell to S$56.4 million ($41 million) from S$293.3 million a year earlier. Sales rose 5.6 percent to S$4.06 billion. The premium Asian carrier joins others such as Deutsche Lufthansa AG and Air China ...

Bloomberg Options traders who bet against Zurich airport have booked a 10,000 percent windfall as proposed modifications to aviation charges send shares of the hub tumbling. Flughafen Zurich AG, as the airport company is known, dropped the most since 2003 after saying measures unveiled by the national regulator would reduce its aviation revenue by $148 million or 25 percent. The ...

Bloomberg Premier Foods Plc’s chief executive officer will step down as the maker of Bisto gravy and Mr. Kipling snacks weighs asset sales following pressure from activist hedge fund Oasis Management Co. CEO Gavin Darby will leave on January 31, the company said on Tuesday in a statement. Premier Foods also said it is in discussions with potential buyers of ...

ABU DHABI / WAM Aldar Properties on Monday announced appointment of Al Rakha Contracting and General Transport LLC as the main contractor for infrastructure buildings and early works package for the first neighbourhood in the second phase of Alghadeer — an AED10 billion mega development, situated close to the border of Abu Dhabi and Dubai. The AED335 million ($91.2 million) ...

ABU DHABI / WAM Mubadala Petroleum announced that it has agreed with Eni to purchase a 20 percent participating interest from Eni’s share in the Nour North Sinai Offshore Area ‘Nour’ concession, an offshore exploration block in Egypt. Eni is the operator of the concession through its subsidiary (IEOC). In the concession, which is in participation with Egyptian Natural Gas ...