News

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.

* French and UK leaders to discuss Brexit, coronavirus (Adds details)

* C.bank sees "Nike-shaped" economic recovery (Adds quotes, details)

* Bad debts could hit 10% as coronavirus knocks economy - BASA

Indian shares closed higher on Thursday, rising sharply in afternoon trade after Beijing said a fresh coronavirus outbreak was under control.

Hungary plans to decide "very quickly" on a proposed three-bank merger to create the country's second biggest lender, a government minister said, signalling strong political will to push ahead with the project before elections in spring 2022.

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Switzerland exported 126.6 tonnes of gold worth around $7 billion to the United States in May - the biggest monthly shipment on record - as high prices in New York continued to pull in metal, customs data showed on Thursday. Swiss shipments to China and...

A study of coronovirus patients in Atlanta has found that black patients are more likely to be hospitalized than white patients, highlighting racial disparities in the U.S. healthcare system, researchers from the Centers for Disease Control and Prevention (CDC) said on Wednesday.

The rising significance of non-banks has increased the speed and scope of stress transmission through the global financial system at a time when the importance of the U.S. dollar has grown, the Bank for International Settlements said.

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