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SINGAPORE: Asia’s highest-yielding bond markets provided the worst returns in August.
HONG KONG: HSBC Holdings Plc, the bank that shook up its senior leadership this month, is considering a bid for Asian operations being sold by Aviva Plc as it seeks ways to diversify its business in the region, people with knowledge of the matter said.
LONDON: Aviva Plc confirmed it’s examining options for its Asian business as new chief executive officer Maurice Tulloch’s turnaround of the UK’s only insurance conglomerate takes shape.
Lenders seen working on optimising capital in challenging times.
PETALING JAYA: RHB Bank Bhd has obtained the green light from Bank Negara to start discussions with Tokio Marine Asia Pte Ltd for the proposed sale of up to 94.7% of its equity interest in its insurance unit, RHB Insurance.
London: Uncertainty over Brexit remains the big shadow hanging over the outlook for UK equities in the second half of the year with some fund managers seeing opportunities to buy cheap stocks, while others urge caution.
LONDON: British insurer Aviva will restructure its British business and cut costs across the firm with the loss of 1,800 jobs globally as it new chief executive seeks to make the business more competitive.
Some investors are buying U.S. Treasurys without hedging against the risk of a decline in the dollar
Frankfurt: European leaders wondering whether Jens Weidmann (pic) should replace Mario Draghi at the European Central Bank (ECB) have two competing views of the Bundesbank chief to choose from.
London: It wasn’t so long ago that the stellar performance of tobacco stocks such as British American Tobacco Plc and Philip Morris International Inc was enough justification for asset managers to hold onto their investments, despite a broader push toward socially responsible investing.