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Chinese appliance giant Midea’s shares jump 9.5% on Hong Kong debut after raising US$4 billion
SHARES of Chinese appliance maker Midea Group rose in their Hong Kong debut after the city’s biggest listing in three years saw robust demand and revived hopes of a...
Oil prices jump US$1 on Gulf Coast storm, post selloff recovery
OIL futures jumped by a dollar in early trading on Monday as a potential hurricane system approached the US Gulf Coast, and as markets recovered from a selloff following weaker-than-expected...
US bank profits jump 11% in second quarter of 2024 as expenses shrink
THE US banking industry recorded profits of US$71.5 billion in the second quarter of 2024, up 11.4 per cent on the prior quarter, the Federal Deposit Insurance Corporation (Fdic)...
US bank profits jump but watchdog warns of stress
THE US banking industry recorded higher profits in the second quarter of 2024, but the Federal Deposit Insurance Corporation (FDIC) on Thursday (Sep 5) identified several lingering areas of...
Lloyd’s of London reports 26% jump in H1 profit
The market’s “superb” results reflected “a combination of disciplined underwriting, smart organic growth and real strength in the Lloyd’s balance sheet”Commercial insurance market Lloyd’s of London on Thursday (Sep...
Global family office wealth to jump 73% to US$9.5 trillion by 2030: Deloitte
GLOBAL family offices are booming, with significant growth in North America and the Asia-Pacific (Apac) region expected in the next six years. Total estimated family wealth stands at US$5.5...
South-east Asia insurtech deals jump over 4 times to US$2.35 billion in 2023 despite fewer transactions: EY
DEALS in the insurance and technology (insurtech) sector in South-east Asia recorded a total value of US$2.35 billion in 2023, up from US$538 million in 2022, indicated a report...
Inflows of Singapore unit trust funds jump 88.9% in Q2: Morningstar
UNIT trust equity funds have rebounded in the second quarter with S$261.2 million inflows, compared with S$116 million outflows in the previous quarter, based on Morningstar’s report on Singapore...
