The Bank of England increased
its bond-buying programme by 100 billion pounds ($125 billion)
on Thursday as it sought to help steer the economy away from a
record slump in March and April caused by the coronavirus
Prudential sold a
minority stake in its U.S. business, Jackson, to Apollo
Global-backed Athene Holding for $500 million, the
insurer said on Thursday, in the first phase of its plan to
create an independent U.S. business.
The London-listed, Asia-focused insurer, which is also
regulated in Hong Kong, has been looking for...
Thailand's central bank
unveiled on Thursday plans to build a prototype of a payment
system for businesses using central bank digital currency
(CBDC), or traditional money but in digital form being developed
by monetary authorities around the world.