Yen Seen Weakening to 110 by Year End
June 19 (Bloomberg) -- Mitul Kotecha, the global head of foreign-exchange strategy at Credit Agricole SA in Hong Kong, talks about Japan's currency, government and central bank policies. Kotecha also discusses the prospects for Federal Reserve policy and emerging-market currencies. He speaks with Rishaad Salamat on Bloomberg Television's "On the Move." (Source: Bloomberg)
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UBS Made `Good Progress' On Costs, Says CEO Ermotti
35:09 - UBS Group AG said pretax profit rose 11 percent in the third quarter as lower costs helped offset a drop in earnings at the wealth management and investment banking divisions. Pretax profit rose to 877 million Swiss francs ($883 million) from 788 million francs a year earlier, the Zurich-based bank said in a statement Friday. That compares with the 862 million-franc average of six analyst estimates compiled by Bloomberg. CEO Sergio Ermotti says UBS has “very comprehensive and quite ambitious” cost reduction plans in discussion with Nejra Cehic and Manus Cranny on "Bloomberg Daybreak: Europe."