China Inflation May Peak at 3-3.5% in 2013

March 11 (Bloomberg) -- Louis Kuijs, chief China economist at Royal Bank of Scotland in Hong Kong, talks about the outlook for China's economy. China’s industrial output had the weakest start to a year since 2009 and lending and retail sales growth slowed, toughening challenges for a new leadership that wants to narrow the gap between rich and poor. Consumer prices climbed a more-than-estimated 3.2 percent in February from a year earlier. Kuijs speaks with Zeb Eckert on Bloomberg Television's "First Up." (Source: Bloomberg)

UBS Made `Good Progress' On Costs, Says CEO Ermotti
42:52 - 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."
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