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Transcripts For BLOOMBERG Bloomberg Daybreak Europe 20240713

A surprise appointment at the head of ubs. The ceo of ing to take over from Sergio Ermotti. He is known for the Digital Transformation at ing and a eran of the dutch banking banking a comparison to whats been happening here, hamers is a relative outsider to the rarefied world of swiss management. He has climbed the ranks. He was the head of the dutch and belgium banking units. He has been ceo since 2013. What he is known for is leading the Digital Banking push in an effort to win customers and he is also known for cost cutting, and thats what he has been doing, bringing ing back to profitability by reducing costs. Sergio ermotti recently cut the banks financial targets for the second time in as many years. We were reporting that the search for a successor was starting on friday. That news came through. The International Wealth management cohead was widely seen as an eventual contender for the top rule. His run in with his former boss, Tidjane Thiam, apparently dimmed his standings with

Gold prices expected to trend higher

PETALING JAYA: The stage is set for gold prices to potentially shine further this year, buoyed by uncertainties triggered by geopolitical risks, the trade war between China and the United States and the likely gradual interest rate cuts by the US Federal Reserve (Fed).

Malaysia's Ringgit Overcomes This Year's Slow Start as Inflows Gather Pace

Malaysia's ringgit overcomes this year's slow start as inflows gather pace

THE Malaysian ringgit has raced ahead of all its Asian peers in the past three months and if market watchers are right, the move is set to gain traction.

Dollar Steady Ahead of Inflation Data, Yen Wobbles