Leadership

JPMorgan acquires startup Layerone to boost hedge fund offerings
JPMorgan acquires startup Layerone to boost hedge fund offerings
March 4, 2024
JPMORGAN Chase acquired LayerOne Financial, an investment management platform that was spun out from Fortress Investment Group, as it seeks to improve its offerings for hedge funds. JPMorgan’s wholly-owned...
Aviva re-enters Lloyd’s market with US0 million acquisition
Aviva re-enters Lloyd’s market with US$300 million acquisition
March 4, 2024
BRITISH insurer Aviva said on Monday (Mar 4) it has re-entered the Lloyd’s insurance market with a US$307 million acquisition of insurance platform Probitas. The deal includes taking over...
Boeing supplier Senior posts profit jump, boosts dividend
Boeing supplier Senior posts profit jump, boosts dividend
March 4, 2024
BRITISH aerospace engineer Senior raised its dividend on Monday (Mar 4) after 2023 profits nearly doubled, buoyed by an increase in civil aircraft production rates and robust demand in...
TSMC surges to record high on AI optimism, global chip rally
TSMC surges to record high on AI optimism, global chip rally
March 4, 2024
TAIWAN Semiconductor Manufacturing rose to its highest-ever level, tracking a global rally in chip stocks fuelled by optimism about artificial intelligence. The world’s top chip foundry jumped 5.2 per...
Thailand mulls directly charging short sellers as shares slump
Thailand mulls directly charging short sellers as shares slump
March 4, 2024
THAILAND plans to extend its crackdown on illegal short selling as shares remain in the doldrums, according to the stock exchange’s chairman. Market authorities are considering changing the law...
China buys hefty amount of foreign grain as global prices slump
China buys hefty amount of foreign grain as global prices slump
March 4, 2024
CHINA snapped up more than 20 cargoes of feed grain on the international market in the past two weeks as the world’s biggest importer took advantage of a decline...
Asia: Stocks rise on US gains ahead of key China policy meeting
Asia: Stocks rise on US gains ahead of key China policy meeting
March 4, 2024
ASIAN markets mostly rose on Monday following US gains and ahead of a Chinese legislative session where Beijing’s annual growth target and other key policies will be announced. Soon...
Malaysia may renew search for MH370 decade after plane vanished
Malaysia may renew search for MH370 decade after plane vanished
March 4, 2024
MALAYSIAN authorities are considering resuming the hunt for Malaysia Airlines Flight 370, a decade after the aircraft disappeared, after receiving a proposal from a marine exploration company for a...
New Zealand central bank to implement cyber reporting rules through 2024
New Zealand central bank to implement cyber reporting rules through 2024
March 4, 2024
NEW Zealand’s central bank on Monday (Mar 4) said banks must report major cyber incidents within 72 hours, as it plans to implement formal cyber reporting requirements in phases...
Tokyo: Nikkei surpasses 40,000 points for first time
Tokyo: Nikkei surpasses 40,000 points for first time
March 4, 2024
JAPAN’S benchmark Nikkei index surpassed the 40,000 mark for the first time on Monday following gains on Wall Street. The Nikkei added 0.84 per cent, or 334.87 points, to...