Search Results for:Sumeet Chatterjee

Insurance Australia Group to sell SE Asia businesses in $500m deal

Australia’s biggest general insurer has ventures in Malaysia, Thailand, Vietnam and Indonesia in SE Asia.

Credit Suisse secures nod to launch wealth management business in Philippines

The Swiss bank intends to tap the growing onshore wealth in the Southeast Asian country.

Walmart likely to clinch deal for majority stake in India’s Flipkart by June

Japan’s SoftBank Group, which owns roughly one-fifth of Flipkart via its Vision Fund, is unlikely to sell any of its shares due to the low price being offered for the existing shares.

Stanchart private banking and Asean chief Anna Marrs to leave

StanChart said its commercial banking business unit would now report into Simon Cooper.

China’s sovereign wealth fund exits Blackstone investment

CIC’s exit from Blackstone comes amid growing trade tensions between Beijing and Washington since President Donald Trump took office just over a year ago.

CLSA eyes a piece of Belt and Road with $10b Manila airport project

“China has the capital, has the market. These countries have the need,” CLSA’s chairman said.

China’s HNA Group plans to sell stake in Park Hotels

HNA plans to sell some or all of its 25% stake in Park Hotels & Resorts Inc. That stake is currently valued at $1.4 billion.

HKEX maintaining active dialogue with Saudi Aramco on proposed IPO

The Saudi government says Aramco is worth $2 trillion and aims to list on one or more foreign stock exchanges in addition to Riyadh.

HKEX to offer concessions to US, UK-listed firms considering Hong Kong listing

The plans are part of the exchange’s efforts to woo blockbuster Chinese companies to its market.

China’s Ant Financial said to plan fundraising at potential $100b valuation

Ant’s last fundraising in 2016 valued the owner of Alipay at about $60 billion.