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KUALA LUMPUR: The Life Insurance Association of Malaysia (LIAM) has re-elected Loh Guat Lan as president at its recent annual general meeting.
NEW YORK: Asian shares were set to open higher on Tuesday as investors shook off earlier worries about a hedge fund default that roiled global banking stocks overnight, while rekindled concerns about inflation pushed bond yields higher.
NEW YORK: Investors are turning their attention to prospects that higher taxes could threaten the rally in US stocks as President Joe Biden’s administration moves forward with its agenda and seeks ways to pay for its spending plans.
SYDNEY: Australia’s banking regulator says it will set stricter requirements for companies seeking banking licences and increase scrutiny of new entrants in the market.
They can be socially useful – just as long as the bankers are kept out
LAST summer as the Faang block was tightening its strangle-hold on equities, a theory was hatched that the only thing that could ever halt the rally in megacap tech would be evidence the economy is healing.
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.
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
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.