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News

29 Jul UPDATE 2-Deutsche shifts chunk of euro clearing to Frankfurt from London

Posted at 10:48h in News by KMFSLLP 0 Comments

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* Eurex says has 8 percent of euro clearing market (Adds more detail)

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29 Jul Malaysia’s PM Mahathir named chairman of sovereign wealth fund Khazanah

Posted at 10:35h in News by KMFSLLP 0 Comments

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Malaysian Prime Minister Mahathir Mohamad has been appointed chairman of sovereign fund Khazanah Nasional Bhd, the prime minister's office said in a statement on Monday.

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29 Jul Britain to set out “sensible precautions” for no deal Brexit – PM May’s spokesman

Posted at 10:28h in News by KMFSLLP 0 Comments

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Britain will set out 'sensible precautions' in a series of notes looking at how to prepare for a possible exit from the European Union without a formal divorce deal, Prime Minister Theresa May's spokesman said on Monday.

29 Jul UPDATE 3-China HNA’s Qianhai exchange exits retail financial products business

Posted at 10:24h in News by KMFSLLP 0 Comments

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* HNA to supervise retail fund payback, guarantee investment funds

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29 Jul SE Asia Stocks-Most rise ahead of cenbank meetings; Indonesia up for 7th session

Posted at 10:14h in News by KMFSLLP 0 Comments

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Most Southeast Asian shares rose on Monday, with Indonesia gaining for a seventh straight session, while investors awaited the outcome of central bank meetings in Japan and the United States for cues on monetary policies. The U.S. Federal Reserve meets on Tuesday and Wednesday...

29 Jul AmEx raised currency prices for business clients without notice- WSJ

Posted at 10:07h in News by KMFSLLP 0 Comments

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American Express Co raised currency conversion rates for business clients without notifying its customers in an attempt to boost revenue and employee commission, the Wall Street Journal reported on Monday, citing people familiar with the matter.

29 Jul CORRECTED-UPDATE 2-Hiscox shares hit record peak on higher H1 profits

Posted at 09:56h in News by KMFSLLP 0 Comments

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Lloyd's of London underwriter Hiscox shares jumped to a record high on Monday after it posted forecast-beating first half pre-tax profits though it warned hurricanes could blow it off-course in the second half.