Greenstone Delays Australia IPO: Reports
Australian media reported Tuesday night that life insurance distributor Greenstone has pulled its plan to raise about USD900m in an IPO in Australia. Both the Australian Financial Review and The…
Miguel Cotto Retains WBC Belt Via TKO vs Daniel Geale
Miguel Cotto retained his WBC middleweight championship belt following a successful defense against Daniel Geale. Cotto won via a fourth round technical knockout against the Australian boxer. The referee stopped…
Malaysia: Bursa Malaysia to Continue Downtrend, Senama Agro Targets Japan and South Korea
MALAYSIA – Analysts and economists issued forecast that said the FTSE Bursa Malaysia KLCI (FBM KLCI) will continue its downtrend this week due to external and internal factors. The FBM…
Philippine Regulator Lifts Suspension of Seair, Skyjet
MANILA, PHILIPPINES – Less than a month after their suspension, SkyJet and Seair have been allowed to fly again following an inspection conducted by the European Union team. The Civil…
Co-CEOs of Deutsche Bank Offered To Resign
Two weeks after Deutsche Bank gave one of its co-chief executives more power, the two Co-CEO have reportedly offered to resign, Reuters has reported. Deutsche Bank and its co-CEOs Anshu…
AXA Setting Up Units in Singapore, Shanghai and Hong Kong
AXA Group, one of the world’s leading insurance and financial groups, is setting up three units across Asia as part of its efforts to boost relationship with the growing pool…
China Okays Stock Market Listing of 166 Firms
The China Securities Regulatory Commission (CSRC) announced that a total of 166 companies have been given the go signal to list on the stock market after raising about USD16.3 billion…
South Africa Selling USD2.1-Billion Vodacom Stake to PIC
The government of South Africa is reportedly selling its 13.9 percent stake in mobile phone company Vodacom Group for at least USD2.1 billion, sources told local news publications. The report…
China’s Ship Sinking Death Toll Rises to 330
SHANGHAI – The official state-broadcaster CCTV has reported that at least 330 people have been confirmed dead following the capsizing of a cruise ship on the Yangtze river. Out of…
Bank of Tanzania Gets Award for Governance Risk and Compliance Project in Africa
TANZANIA – The Bank of Tanzania, the central bank of the United Republic of Tanzania, was awarded the title of “Best Governance Risk and Compliance Project in Africa” for this…
Japanese Investors Plan Business Expansion, Investments in the Philippines
TOKYO, JAPAN – Several Japanese firms, most of them engaged in manufacturing, have expressed desires to invest or expand their businesses in the Philippines, the Philippine government announced on its…
Philippine Inflation Hits 20-Year Low in May
MANILA, PHILIPPINES – Headline inflation in the Philippines continued to fall in May, hitting a 20-year low as it slid to 1.6 percent year-on-year from 2.2 percent in April, the…
South Korea’s Economy Grows 0.8 Percent in Q1
SEOUL – Despite a weak trade and consumption, South Korea’s economy expanded in the first three months of the year, thanks to increased investment in construction. Official data released by…
Insurance Briefs: Shanghai Insurance Exchange To Get Approval, Nippon Life To Acquire NAB’s Insurance Unit
China’s Shanghai Securities News has reported that the Shanghai Insurance Exchange, which has been planned since 2011, could finally get approval from the China Insurance Regulatory Commission this year. If…
Philippine President Aquino Tackles China-Led AIIB In Japan Visit
TOKYO – Philippine President Benigno Aquino III announced that his country is still studying the proposal to join the China-led Asian Infrastructure Investment Bank (AIIB) even as the country already…
China’s Fruitday Completes USD70 Million Series C Financing
Fruitday.com, one of China’s leading online fresh fruits providers, received USD70m worth of series C financing from B2C e-commerce giant JD.com. According to Fruitday.com, the new investment will be used…
Briefly: Todd Vasos Elected CEO of Dollar General Corp
NORTH CAROLINA – Wilmington native Todd J. Vasos has been elected to the position of chief executive officer of Dollar General Corp, a US chain of variety stores. Dollar General’s…
More Foreign Insurers Could Soon Get License in Myanmar
MYANMAR – The government of Myanmar plans to further open up its domestic insurance market following the issuance of temporary licenses to three foreign insurers, allowing them to operate at…
Malaysia Attracts USD15.5bn Investments in Q1
Malaysia’s Trade and Industry Ministry has reported that the country’s approved investments in the primary, services and manufacturing sector for Q1 reached MYR57.4bn (USD15.5bn), an 18.8 percent rise over the…
Foreign Investors’ Overbought Position in Taiwan Hits USD8 Billion
TAIPEI, TAIWAN – The Taiwan Stock Exchange (TWSE) announced on Monday that the securities net overbought position by foreign investors was TWD5.56 billion (USD180 millon) during the week of May…