Edition:
United Kingdom

Sumeet Chatterjee

Japan insurers to target China M&A in new phase after $50 billion overseas push

04 Feb 2019

HONG KONG/TOKYO Japanese insurance companies have spent more than $50 billion on acquisitions over the past five years to become the world's second-largest buyer of insurance assets, and the deals spree won't be slowing down any time soon.

Citi sees stronger China wealthy client base in 2019 despite economy slowing

28 Jan 2019

HONG KONG Citigroup expects its China wealth management client base to grow faster in 2019 than last year, at more than 30 percent, the bank's country chief said, despite the world's second-largest economy slowing and feeling the pain of a trade war.

Exclusive: China's Union Life to sell majority stake, draw local, overseas bidders -sources

23 Jan 2019

HONG KONG China's Union Life Insurance is planning to sell a controlling stake that could be snapped up by locals or foreigners looking to tap into the country's growing demand for insurance products, three people familiar with the matter told Reuters.

China's Union Life to sell majority stake, draw local, overseas bidders -sources

23 Jan 2019

* Plans to sell up to 51 pct with option to go to 100 pct later

RPT-EXCLUSIVE-Goldman Sachs on course to launch cash management in mid-2020

11 Jan 2019

NEW YORK/HONG KONG, Jan 11 Goldman Sachs Group Inc is considering paying big multinational corporations more for their deposits than other banks as it paves the way for its entry into a mundane but prized business: managing cash.

Exclusive: Goldman Sachs on course to launch cash management in mid-2020

11 Jan 2019

NEW YORK/HONG KONG Goldman Sachs Group Inc is considering paying big multinational corporations more for their deposits than other banks as it paves the way for its entry into a mundane but prized business: managing cash.

Insurer drops collapse cover for travellers with HNA's Hong Kong Airlines

04 Jan 2019

HONG KONG A Hong Kong insurance provider is to stop offering cover against the possibility of HNA-controlled Hong Kong Airlines folding, according to a notice issued by the insurer to its agents and seen by Reuters.

Insurer drops collapse cover for travellers with HNA's Hong Kong Airlines

04 Jan 2019

HONG KONG A Hong Kong insurance provider is to stop offering cover against the possibility of HNA-controlled Hong Kong Airlines folding, according to a notice issued by the insurer to its agents and seen by Reuters.

Insurer drops collapse cover for travellers with HNA's Hong Kong Airlines

04 Jan 2019

HONG KONG, Jan 4 A Hong Kong insurance provider is to stop offering cover against the possibility of HNA-controlled Hong Kong Airlines folding, according to a notice issued by the insurer to its agents and seen by Reuters.

Hong Kong's NWS Holdings to buy FTLife Insurance for $2.8 billion

28 Dec 2018

HONG KONG Hong Kong's NWS Holdings Ltd has agreed to buy FTLife Insurance Co Ltd for HK$21.5 billion ($2.8 billion) from Chinese financial holding firm JD Group, in the biggest-ever insurance acquisition deal in the Asian financial hub.

World News

Trump declares U.S.-Mexico emergency for border wall

President Donald Trump on Friday declared a national emergency in a bid to fund his promised wall at the U.S.-Mexico border without congressional approval, an action Democrats vowed to challenge as a violation of the U.S. Constitution.