UBS Group AG cut profitability targets on Tuesday as Switzerland's largest bank grapples with ultra-low interest rates and increased competition for wealthy clients.
UBS cuts mid-term targets after 2019 profit drop
The Bank of Japan kept monetary policy steady and nudged up its economic growth forecasts on Tuesday, as the government’s stimulus package and receding pessimism over the global outlook took some pressure off the central bank to top up stimulus.
BoJ holds fire, nudges up growth forecast
Boeing Co is in talks with banks about borrowing $10 billion or more amid rising costs for the US planemaker after two crashes involving its 737 MAX jetliner, a source told Reuters.
Boeing seeks to borrow $10b or more amid 737 MAX crisis: Source
The International Monetary Fund predicted the world economy will strengthen in 2020, albeit at a slightly weaker pace than previously anticipated amid threats related to trade and tensions in the Middle East.
IMF trims global economic outlook, but tones down risk warnings
Iran’s South Pars Gas Field has reached a total daily output of 630 million cubic meters (mcm), according to the managing director of Pars Oil and Gas Company.
South Pars daily gas production reaches 630 mcm
Iran managed to reduce domestic fuel consumption by over nine billion liters in the past 18 months, said the head of the Headquarters to Combat Smuggling of Goods and Foreign Exchange.
Official: Iran’s fuel consumption cut by over 9b liters in 18 months
The Trade Promotion Organization (TPO) of Iran is mainly focused on expanding exports of techno-engineering services to neighboring countries as well as India and China, said the TPO head.
TPO head: Boosting exports of techno-engineering services to neighbors on agenda

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