Sun Life Financial (SLF) has announced that it will take 100% ownership of the Indonesia-based life insurer PT CIMB Sun Life (CSL), after signing an agreement to purchase an additional 51% stake on top of the 49% it already owns.
Category: News
Franklin Templeton targeting MENA opportunities
Oil price concerns and a weak economic outlook in the Middle East and North Africa are factored into the region’s equity valuations now, according to Franklin Templeton Investments.
SLI: China’s higher fiscal target to dent growth
While there is little room for significant increase following last year’s fiscal expansion, monetary policy will continue to play a part in China.
Credit Suisse to cut 2,000 more jobs, save another CHF800m
Credit Suisse is to eliminate another 2,000 jobs and make an additional CHF800m (£576.1m, $824m, €733.8m) in cost savings, as it accelerates the pace of its restructuring following disappointing results in the final quarter of 2015.
Positive signs for gold as markets tumble
Gold outperformed most other assets as global equity markets took a beating at the start of 2016, according to State Street Global Advisors.
M&G: Oil prices a big worry across asset classes
But oil price movements are no longer the key indicator of global economic development they once were, argues M&G.
Chinese education stocks offer opportunity amid continued volatility – Matthews Asia
Volatility will continue in China, but certain aspects of structural growth are still creating good investment opportunities, argued Yu Zhang, lead manager of the Matthews China Dividend Fund.
China sees 4x surge in fintech funding
Interest is in robo-advisors and blockchain-enabled capability around asset management, according to a KPMG report.
DBS front runner for Barclay’s HK and Singapore wealth units
Singapore’s DBS Group is reported to be the front runner to buy Barclay’s Hong Kong and Singapore private wealth units, reports the Straits Times.
UBS WM reports Asia income growth
In 2015, Asia wealth management income rose while other regions were down.
