Oil slumped after US President Donald Trump reiterated openness to negotiations with Iran - though investors remain on edge about the potential for further tensions. Karen Young, Senior Research Scholar from Columbia University's Center on Global Energy Policy spoke to Bloomberg’s Horizons Middle East and Africa anchor Joumanna Bercetche on Iran. (Source: Bloomberg)
Oil slumped after US President Donald Trump reiterated openness to negotiations with Iran - though investors remain on edge about the potential for further tensions. Karen Young, Senior Research Scholar from Columbia University's Center on Global Energy Policy spoke to Bloomberg’s Horizons Middle East and Africa anchor Joumanna Bercetche on Iran. (Source: Bloomberg)
Ruya Partners is raising capital for a private credit fund to fill financing gaps created by a credit squeeze in Saudi Arabia. Omar AlYawer, Partner at Ruya Partners spoke to Bloomberg’s Horizons Middle East and Africa anchor Joumanna Bercetche on their activities. (Source: Bloomberg)
Ruya Partners is raising capital for a private credit fund to fill financing gaps created by a credit squeeze in Saudi Arabia. Omar AlYawer, Partner at Ruya Partners spoke to Bloomberg’s Horizons Middle East and Africa anchor Joumanna Bercetche on their activities. (Source: Bloomberg)
Julius Baer Group AG saw lower net profit and stabilizing client inflows for 2025, a year in which new Chief Executive Officer Stefan Bollinger began a revamp of the wealth manager. Net profit fell to 764 million Swiss francs ($988 million) while net new money came in at 14.4 billion Swiss francs, broadly in line with analyst estimates. The bank did not provide any new information about an ongoing...
Julius Baer Group AG saw lower net profit and stabilizing client inflows for 2025, a year in which new Chief Executive Officer Stefan Bollinger began a revamp of the wealth manager. Net profit fell to 764 million Swiss francs ($988 million) while net new money came in at 14.4 billion Swiss francs, broadly in line with analyst estimates. The bank did not provide any new information about an ongoing investigation by the regulator Finma into losses linked to the Signa real estate bankruptcy, which will determine its ability to resume buybacks. Baer had warned in November that 2025 profit would be lower than in 2024 after it booked a 150 million Swiss franc loss provision on real estate lending. Net New Money 14.4 14.5 billion Assets Under Management 521 522 billion CET1 Ratio 17.4% 16.7% Cost/Income Ratio 67.6% 72.5% Bollinger has previously said the bank is not in a position to ask Finma for a resumption of buybacks until at least the end of February, when Victoria McLean joins in the newly established chief compliance officer position. Monday’s earnings mark a full year since first-time CEO Bollinger took on the top job at Baer. The former Goldman Sachs Group Inc. banker is seeking to refocus the bank’s strategy on pure wealth management, but his first year has been hampered by a string of unexpected loss provisions. As part of his clean up effort, Bollinger has slashed the size of the executive board, cut hundreds of jobs as part of a new cost savings program and changed the compensation model for bankers. Clients with lower balances have also been told to increase the amount of funds they invest with the wealth manager or go elsewhere Bloomberg has previously reported. Bollinger has said his restructuring efforts will bear fruit from this year on. Separately, Julius Baer announced that Vice-Chairman Richard Campbell-Breeden would not seek re-election at the next annual general meeting in April and former Finma head Urban Angehrn would join the board. Net New Money ...
Xiaomi Corp's (OTC:XIACF) (OTC:XIACY) SU7 Ultra EV sales have reportedly plummeted to under 50 units in December. Xiaomi had earlier recorded its first-ever profit from EV sales in the third quarter of 2025. 45 Units In December 2025 The SU7 Ultra clocked in 45 units sold in December 2025 in China, according to a report by CarNewsChina on Saturday, which cited data from local Chinese sources. Howe...
Xiaomi Corp's (OTC:XIACF) (OTC:XIACY) SU7 Ultra EV sales have reportedly plummeted to under 50 units in December. Xiaomi had earlier recorded its first-ever profit from EV sales in the third quarter of 2025. 45 Units In December 2025 The SU7 Ultra clocked in 45 units sold in December 2025 in China, according to a report by CarNewsChina on Saturday, which cited data from local Chinese sources. However, the sedan's cumulative sales have passed CEO Lei Jun's target of selling 10,000 units of the car, the report said. According to the report, the EV's sales figures consistently hovered around the 2,000-3,000 unit mark from March to August, with sales beginning a steep decline in September, with 488 units sold. Ford-Xiaomi Partnership? Chinese EVs In North America Tesla Sales Decline Check out more of Benzinga's Future Of Mobility coverage by following this link. Photo courtesy: Shutterstock