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Asian markets turn lower, pound holds up against dollar

Asian markets edged down Tuesday as profit-takers stepped in following a recent run-up, while the pound maintained gains on hopes Britain will avoid crashing out of the European Union. While there were few catalysts to drive business and Wall Street was closed for a holiday investors are...

UBS annual profits jump to $4.9 billion

Swiss banking giant UBS saw its net profits leap by almost five times last year to $4.9 billion (4.3 billion euros) despite "challenging conditions," it said Tuesday. UBS' 2017 results were hammered by US tax reforms that forced banks that operate in the United States to book...

EasyJet takes £15m hit from London airport drone chaos

British no-frills airline EasyJet on Tuesday said closure of London's Gatwick Airport before Christmas caused by reported sightings of drones had cost the group £15 million ($19.2 million, 17 million euros). EasyJet said it had lost £5.0 million in revenue and taken a hit of £10...