BNP Paribas in wealth management JV talks with China’s AgBank -sources
BNP Paribas’ (BNPP.PA) asset management arm is in talks to form a wealth management venture with a unit of Agricultural Bank of China (AgBank), sources said, as the French firm pursues a bigger slice of China’s $19 trillion market.
Asian shares move off near year lows, NZ holds rates steady
Asian shares edged off near year-to-date lows on Wednesday despite Wall Street’s overnight declines, while New Zealand’s central bank defied expectations by not raising interest rates as the country is in lockdown due to cases of the COVID-19 Delta variant.
