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...A version of this article was first published by the Nikkei Asian Review on April 20, 2018. ©2018 Nikkei Inc. All rights reserved....
...(FT) Wei Zhu, global co-head of Standard Chartered Bank Private Equity, has left the position to take a role at Accenture as its chairman of greater China....
...It has also faced criticism over the handling of life insurance claims at its CommInsure Life unit, which it sold to Hong Kong-based AIA Group in September....
...Corporate earnings reports out today include Commonwealth Bank of Australia, Wharf Holdings, Hong Kong Exchanges & Clearing, Dai-ichi Life, Tata Motors, DeNA, Bridgestone, JXTG Holdings, Trend Micro and...
...Investment strategy: A value investor and a disciple of Ben Graham, Mr Watsa invests via his insurance company Fairfax Financial Holdings....
...Co for more than $1bn on Tuesday....
...– notably Samsung Life Insurance, which owns 7.5 per cent of the company....
...The bank has just agreed to buy ING’s stake in their insurance and wealth management venture for A$1.76bn ($1.5bn)....
...Commonwealth Bank rose 2.1 per cent to A$52.12 and Westpac added 1.3 per cent to A$26.43. Suncorp-Metway, a smaller banking and insurance group, rose 4.6 per cent to A$8.70....
...Investors in the new fund include IAM National Pension Fund, State of Oregon, and Sentry Insurance....
...In mainland China, insurance stocks rose amid hopes that their equity portfolios would benefit from the present rally....
...Mitsubishi Corp, a Japanese trading company with upstream commodity investments, lost 5.6 per cent to Y1,175 and smaller rival Mitsui & Co dropped 3.8 per cent to Y885....
...“I think the bigger holders now of securitisations are insurance companies and pension funds.”...
...ANZ Banking Group fell 3.9 per cent to A$12.45, while Commonwealth Bank of Australia lost 3.6 per cent to A$27.27. David Jones, the department store, lost 3.7 per cent to A$2.10....
...ANZ Banking fell 5.9 per cent to A$13.00 and Commonwealth Bank of Australia declined 5.2 per cent to A$29.31....
...China Mobile declined 5.2 per cent to HK$68.10 and insurance company China Life fell 5.8 per cent to HK$21.20. The sub index of mainland shares traded in Hong Kong fell 3.7 per cent to 7,136.92....
...In 1997, the family moved to Australia, where Kelly progressed through several senior management roles at Commonwealth Bank before being headhunted by St George Bank, where she became managing director....
...CDSs are unregulated shadow insurance products that investors buy to protect themselves against default of corporate and sovereign bonds....
...Hon Hai Industries gained 3.2 per cent to T$129.50, while Cathay Financial Holdings rose 3 per cent to T$50.20. Nan Ya Plastics gained 4.3 per cent to T$49.30....
...Elsewhere in the sector, National Australia Bank fell by 5.5 per cent to A$20.70 and Commonwealth Bank of Australia dropped 1.4 per cent to A$41.10....
...The banking and life insurance group Cathay Financial fell by 6.9 per cent to T$55.10 and Farglory Land Development lost 7.0 per cent to T$42.80....
...Shares of the insurance company gained 5.3 per cent to HK$29.95. China Cosco gained 8.2 per cent to HK$15.78 after the shipping company said earnings more than doubled to Rmb15.12 billion....
...National Australia Bank fell 4.8 per cent to A$23.88, Westpac Banking dropped 4.1 per cent to A$23.26, Commonwealth Bank of Australia lost 3.5 per cent to A$42.00 and Macquarie Group declined 3.4 per cent...
...ICICI’s managing director, K V Kamath, called the rumours “baseless and malicious”....
...The Hang Seng rallied 2.5 per cent to 21,745.92, with financials and insurance companies rallying on the back of better earnings from Wells Fargo and other US banks, giving investors an opportunity to dip...
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