News

FRENCH insurance broker April Group said private equity firm KKR & Co has become its new majority shareholder, according to a statement posted on its website.

THE unwinding of pandemic-induced precautionary buffers has made Singapore’s companies, households and banks more financially vulnerable this year, said the Monetary Authority of Singapore (MAS) in its annual Financial Stability Review on Friday (Nov 25).

FUND managers have to learn to do more in the private assets space and adapt their product offerings to suit changing investor tastes, said Fidelity International’s chief executive Anne Richards.

YANGZIJIANG Financial’s wholly-owned subsidiaries have secured a liquidity pool scheme by the People’s Bank of China that will allow the group to grant inter-company transfers of up to 10 billion yuan (S$1.9 billion).

CHINA launched a private pension scheme in 36 cities on Friday (Nov 25) as it grapples with a rapidly ageing population.

CHINA’S central bank will offer cheap loans to financial firms for buying bonds issued by property developers, four people with direct knowledge of the matter said, the strongest policy support yet for the crisis-hit sector.

DEUTSCHE Bank sees room to expand its deals business in Asia and is looking to hire selectively even as some rivals turn wary amid a sharp slowdown in China.

THE unwinding of pandemic-induced precautionary buffers has made Singapore’s companies, households and banks more financially vulnerable this year, said the Monetary Authority of Singapore (MAS) in its annual Financial Stability Review on Friday (Nov 25).

FINANCIAL stability in Germany, Europe’s largest economy, has taken a substantial turn for the worse this year, triggering warnings from the Bundesbank.

THE Bank of Korea (BOK) needs to see “strong” signs that inflation is under control before discussing any prospect of a pivot away from policy tightening, governor Rhee Chang-yong said on Friday (Nov 25).