February 2025 - Page 3

Australian insurance stocks suffered significant losses on Monday after Peter Dutton, leader of the Liberal Party, threatened to break up the country’s major insurers, accusing them of exploiting consumers. The statement comes

The Bank of Japan (BOJ) is poised to complete the sale of millions of dollars’ worth of stocks purchased from troubled banks during the financial crisis much earlier than previously planned. According

A sharp increase in insurance sales in Taiwan is raising concerns about potential capital outflows, which could drag the local currency, the Taiwan dollar, to levels not seen since the global financial

Swiss Life, a leading financial services provider based in Switzerland, has announced the acquisition of ZWEI Wealth, a wealth management advisory firm. The deal, which is effective immediately, aims to enhance Swiss

Novo Banco SA, a Portuguese bank majority-owned by US private equity firm Lone Star, has initiated steps for its long-awaited initial public offering (IPO). The bank has selected Bank of America Corp.,

The Bangko Sentral ng Pilipinas (BSP) surprised markets by keeping its interest rates unchanged after three consecutive rate cuts, citing heightened uncertainty surrounding US trade policies. The Monetary Board of the BSP

Chile’s central bank adopted a more hawkish stance in its latest meeting, emphasising its commitment to controlling inflation and ensuring it reaches the target. In the minutes of its January 28 meeting,

CVS Health surpassed Wall Street’s profit expectations despite challenges from rising costs in its insurance division. The company reported earnings of $1.64 billion, or $1.30 per share, for the quarter ending December

Cybereason Inc.’s CEO, Eric Gan, has filed a lawsuit against two major investors—former Treasury Secretary Steven Mnuchin and the SoftBank Vision Fund (SVF)—alleging that their rejection of critical financing proposals is pushing