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Aussie’s BoQ bulks up with US$1.1bil ME Bank purchase
SYDNEY: Bank of Queensland Ltd (BoQ) will buy ME Bank, a digital lender owned by 26 industry pension funds, for A$1.33bil (US$1.05bil), the pair said, as the second-tier lender chips away at the lead of Australia’s “Big Four” banks.
Stimulus hopes drive Dow to record closing but interest rate worries loom
NEW YORK: The Dow Jones Industrial Average notched a record closing high on Tuesday as cyclical sectors gained on the prospect of more fiscal aid to lift the U.S. economy from a coronavirus-driven slump
Prudential CEO mulls shrinking ‘low growth’ businesses
NEW YORK: Prudential Financial Inc, which has already halted sales of some variable annuities, said that it will also consider scaling back its individual life insurance and other “market sensitive, low growth” businesses.
S&P 500 posts biggest gain since Nov. 24, led by gains in tech shares
NEW YORK: The S&P 500 registered its biggest daily percentage gain since Nov. 24 on Monday after a steep sell-off last week, and technology-related shares led the advance, while a move by retail traders into silver drove up mining shares.
British stocks down 1.82 pct Friday
LONDON, Jan. 29 (Xinhua) -- British stocks decreased on Friday, with the benchmark FTSE 100 Index down by 1.82 percent, or 118.69 points, to close at 6,407.46 points.
British stocks down 0.63 pct Thursday
LONDON, Jan. 28 (Xinhua) -- British stocks decreased on Thursday, with the benchmark FTSE 100 Index down by 0.63 percent, or 41.22 points, to close at 6,526.15 points.
Price stability is key priority for China’s central bank
BEIJING: China’s inflation is likely to see moderate growth this year, but a consistent pickup is unlikely, given the constrained consumption of services, a senior central bank official said.
PBOC: China will support economic recovery
BEIJING: China's monetary policy will provide necessary support for the country's economic recovery in 2021, a vice governor at the People's Bank of China (PBOC) said on Friday.
Grab raises $300 million for fintech arm's ambitious expansion
SINGAPORE (Reuters) - Southeast Asian ride-hailing and food delivery giant Grab has raised more than $300 million from investors led by South Korea's Hanwha Asset Management Co. Ltd for its rapidly-expanding financial services business.
