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Prudential’s full year profit up 8%, COVID curbs removal a boost: CEO
HONG KONG (Reuters) -Asia-focused insurer Prudential's operating profit rose 8% in 2022, boosted by new insurance sales despite the coronavirus pandemic, and its new boss said on Wednesday sales had p...
Syndicated Content Mar 14, 2023
First Republic spoke to private equity before securing financing -sources
NEW YORK (Reuters) - First Republic Bank spoke to at least one private equity firm about raising capital before it secured financing from JPMorgan Chase & Co and U.S. authorities intervened with suppo...
Syndicated Content Mar 14, 2023
Japan won’t face incidents like SVB collapse – finance minister
By Leika Kihara TOKYO (Reuters) -Japan's banking sector won't face incidents similar to the collapse of U.S. lender Silicon Valley Bank due to differences in the structure of bank deposits, Finance Mi...
Syndicated Content Mar 14, 2023
Analysis-Fear of the dark: Taiwan sees wartime frailty in communication links with world
By Sarah Wu and Yimou Lee TAIPEI (Reuters) - Taiwan is scrambling to secure its communications with the outside world against an attack by China, but even in peacetime cannot quickly repair critical u...
Syndicated Content Mar 14, 2023
Abu Dhabi’s G42 acquires $100 million ByteDance stake at $220 billion valuation – Bloomberg News
(Reuters) - Abu Dhabi-based artificial intelligence firm G42 acquired a $100 million plus stake in Tiktok-parent ByteDance, valuing the company at $220 billion, Bloomberg News reported late on Wednesd...
Syndicated Content Mar 14, 2023
BTS agency HYBE seeks U.S. deals after withdrawing bid for SM Entertainment
By Hyunsu Yim SEOUL (Reuters) - South Korea's largest music label HYBE, which manages hit boy band BTS, will announce a "substantial number of acquisitions and investments" this year as the K-pop gian...
Syndicated Content Mar 14, 2023
China’s Jan-Feb property investment falls at slower pace
BEIJING (Reuters) - China's property investment fell at a slower pace over the first two months of 2023, official data showed on Wednesday, showing signs of improvement buoyed by a slew of supportive ...
Syndicated Content Mar 14, 2023
China Jan-Feb aluminium output up 7.5% to 6.74 million tonnes
BEIJING (Reuters) - China's aluminium production rose 7.5% to 6.74 million tonnes in January-February from a year earlier, the highest output for the two months since at least 2015, data showed on Wed...
Syndicated Content Mar 14, 2023
Samsung Electronics to invest $230 billion through 2042 in South Korea chipmaking base
SEOUL (Reuters) - Samsung Electronics Co Ltd on Wednesday said it will invest around 300 trillion won ($230 billion) by 2042 to develop what the government called the world's largest chip-making base,...
Syndicated Content Mar 14, 2023
Asian shares gain as fears about rapid Fed hikes, bank crisis fade
By Ankur Banerjee SINGAPORE (Reuters) - Asian equities rose sharply on Wednesday, tracking a relief rally on Wall Street and as U.S. inflation data delivered no nasty surprises, reinforcing hopes the ...
Syndicated Content Mar 14, 2023
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