Westpac exits life insurance with $660 mln sale to Japan’s Dai-ichi
Westpac Banking Corp (WBC.AX) on Monday became the latest Australian firm to retreat from the life insurance sector, as it agreed to an A$900 million ($660 million) sale of its domestic unit to Japan’s Dai-ichi Life Holdings (8750.T).
Chicken producer Sanderson Farms nears $4.5 bln sale to Continental Grain, Cargill – WSJ
Chicken producer Sanderson Farms Inc (SAFM.O) is in advanced talks with Cargill Inc and agricultural investment firm Continental Grain Co to sell itself in a $4.5 billion deal, the Wall Street Journal reported on Sunday.
Indian bankers in talks as court rulings threaten over $6 billion in loans
Informal talks are taking place to deal with the fall-out from two rulings by India’s Supreme Court that threaten the repayment of loans totalling nearly 500 billion rupees ($6.73 billion) to some of India’s largest banks, bankers close to the matter say.
Analysis: Where will yields go? Investors weigh U.S. jobs data against Delta fears
An unexpectedly strong jobs number for July has bolstered the case for investors who believe Treasury yields will head higher over the rest of the year, potentially weighing on an equity rally that has taken stocks to record highs.
China’s export slowdown in July may signal more bumps ahead
China’s export growth unexpectedly slowed in July following outbreaks of COVID-19 cases, while imports also lost momentum, pointing to a slowdown in the country’s industrial sector in the second half even as easing global lockdowns boost commerce.
EXCLUSIVE Banker behind report alleging HSBC racism resigns over lack of support
The author of a report alleging institutional racism inside HSBC (HSBA.L) has resigned, citing frustration at its response to some of his criticism and a lack of support from white colleagues, two internal emails seen by Reuters show.
A flying taxi is a new technological achievement!
Technology is reaching new heights, and this generation has been the most fortunate in terms of technological advancement. This generation has seen a lot, from robotics to smart phones to virtual meetings, and now another technological triumph, the flying taxi, has been added to the list. When we think about the future, a flying car […]
ING reports $2.5 bln pretax profit, plans dividends and buybacks
ING Groep NV (INGA.AS) on Friday reported a better-than-expected quarterly pretax profit of 2.07 billion euros ($2.45 billion) and said it plans to resume paying dividends as it reversed some provisions for bad loans taken amid the coronavirus pandemic.
Branson’s Virgin Galactic to sell space flight tickets starting at $450,000
Spaceship company Virgin Galactic (SPCE.N) said it will open ticket sales on Thursday for space flights starting at $450,000 a seat, weeks after billionaire founder Richard Branson’s high-profile trip to the edge of space.
S&P downgrades China Evergrande again to ‘CCC’
S&P Global has downgraded the ratings of heavily indebted developer China Evergrande Group (3333.HK) and its subsidiaries, citing an escalating risk of non-payment of debt, its second downgrade in less than two weeks.
