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New Zealand central bank says financial system remains resilient

NEW Zealand’s central bank said on Tuesday (Nov 5) that the country’s financial system remained resilient amid an economic downturn, and that...

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AIG’s profit beats estimates on strong underwriting, investment returns

AMERICAN International Group (AIG) sailed past Wall Street estimates for third-quarter profit on Monday (Nov 4) as the insurer benefited from strong...

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Bitcoin traders brace for fierce price swings as clock ticks to US vote

Bitcoin speculators are bracing for potentially pronounced market volatility in the aftermath of Election Day in the US on Tuesday (Nov 5).

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Singapore life insurers have healthy capital buffers to withstand shocks

The nine key life insurers in Singapore have healthy capital buffers to withstand sudden shocks and observers expect them to remain well...

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Blackstone targets new European markets in global wealth push

BLACKSTONE’S private wealth business plans to enter at least two new European markets next year to tap growing demand among the well-off,...

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Police search PwC Sydney office amid tax scandal investigation

POLICE combed through PwC Australia’s Sydney office on Monday (Nov 4) as part of an ongoing investigation into the firm’s tax...

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Thailand delays naming Bank of Thailand chair as dispute drags on

THAILAND delayed naming a new central bank chairman as opposition mounted against the government’s bid to push the candidacy of a former...

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US Fed to debate rate cut in shadow of presidential election

THE US Federal Reserve is widely expected to cut interest rates again this week, while votes are being counted in one of...

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Apollo plans to double Asia-Pacific headcount in private wealth

APOLLO Global Management is looking to boost hiring in the Asia-Pacific region as it seeks to grow assets from wealthy clients.

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Blackstone in advanced talks to acquire shopping centre owner Retail Opportunity: sources

BLACKSTONE is in advanced talks to acquire Retail Opportunity Investments Corp (Roic), which owns US shopping centres and has a market value...

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