AUSTRALIANSUPER, the country’s largest pension fund, is shifting money into equities on the expectation that artificial intelligence will fuel further gains in tech stocks.
MALAYAN Banking (Maybank) plans to double assets in Vietnam to US$2 billion by 2027 and become the country’s top foreign bank for syndicated loans, to capitalise on a booming economy.
CHINA’S central bank took the next step towards selling government bonds to cool a record-breaking rally, saying it now has “hundreds of billions” of yuan of the securities at its disposal through agreements with lenders.
THE pound held firm on Thursday after exit polls suggested Keir Starmer’s Labour party was set to win a massive majority in the UK general election, affording investors some much-needed certainty after years of market volatility under the Conservatives.
HSBC Holdings’s sale of its German wealth-management unit is attracting initial interest from peers including BNP Paribas and UBS Group, sources familiar with the matter said, as the London-listed lender looks to streamline its global footprint.
SAUDI Arabia’s sovereign wealth fund Public Investment Fund (PIF) intends to invest US$500 million in Hong Kong Chaoshang Group, the investment holding company said on Thursday (Jul 4).
GERMAN private bank staff have struck a deal with employers for a 10.5 per cent pay increase to cope with rising living costs, union and bank representatives said on Thursday (Jul 4).
GERMAN private bank staff have struck a deal with employers for a 10.5 per cent pay increase to cope with rising living costs, union and bank representatives said on Thursday (Jul 4).
