Fashion
Allianz weighs options for AllianzGI unit: sources
ALLIANZ is weighing options for its Allianz Global Investors unit, including a possible merger or partial sale of the division, four people with knowledge of the matter told Reuters,...
KKR earnings surge 58%, joins half-trillion club in private markets race for scale
KKR & Co reported a third-quarter profit that beat Wall Street estimates as the alternative asset manager generated record transaction fees for its capital markets business.
Adjusted net income rose...
American Airlines lifts profit view on higher pricing, sales strategy correction
The airlines’ pricing power has also improved as the industry cuts down excess capacity in the domestic marketAmerican Airlines lifted its annual profit forecast on Thursday (Oct 24), recovering...
UPS sees profit growth for first time in nearly 2 years
United Parcel Service (UPS) returned to sales and profit growth for the first time in nearly two years as the company benefited from higher volumes, more profitable packages, and...
Nasdaq’s third-quarter profit rises on fintech strength
NASDAQ reported a rise in third-quarter profit on Thursday (Oct 24), helped by strong demand in its solutions business that houses the exchange operator’s financial technology products.
Revenue from the...
LSEG’s third-quarter income tops forecasts, shares hit record
LONDON Stock Exchange Group said on Thursday (Oct 24) that its income rose a better-than-expected 9.5 per cent in the third quarter after strong growth in its capital markets...
Banks, telcos, scam victims to share loss liability from Dec 16; financial institutions must have real-time fraud surveillance
FINANCIAL institutions (FIs) will now be required to implement real-time fraud surveillance on unauthorised transactions from phishing scams, under the shared responsibility framework (SRF).
This in response to feedback received...
New real-time fraud surveillance duty for financial institutions; loss-sharing framework to begin on Dec 16
FINANCIAL institutions (FIs) will now be required to implement real-time fraud surveillance on unauthorised transactions from phishing scams, under the shared responsibility framework (SRF).
This in response to feedback received...
India’s Adani Wilmar posts profit in Q2 on higher demand for edible oils
INDIA’S Adani Wilmar reported a profit for the second quarter on Thursday (Oct 24), buoyed by higher demand for its edible oils and food segments.
The company reported a consolidated...
Oil prices rise 1% as Middle East attacks heighten supply concerns
OIL prices rose more than 1 per cent on Thursday (Oct 24), reversing some of the previous session’s losses, as the Middle East conflict and reports of North Korean...
China’s CATL unveils new battery for extended-range hybrids
CHINESE battery giant CATL on Thursday (Oct 24) launched its first battery product focused on extended-range hybrids at a time when this category of electrified cars is seeing the...
Arta Finance partners Temasek Trust’s Co-Axis to unlock US$30 million catalytic funding for impact projects
THE digital impact marketplace launched by Temasek Trust, Co-Axis, has partnered digital wealth platform Arta Finance to secure US$30 million for projects over two years. The partnership will extend the...