Managers of Wealth Asia Pacific

Slump in Australian M&A has bankers eyeing rescue deals

The travel restrictions imposed by governments to contain the outbreak also ground the bankers and their deals.

‘Mukesh Ambani’s wealth falls 28%, not among top 10 richest’

The report noted that he lost over $300 million a day these past two months.

Asian Development Bank: «Worst Pandemic in a Century»

Although developing economies in Asia will suffer a sharp 2020 slowdown, 2021 growth is expected to reaccelerate to 6.2 percent, led by East Asia’s 6.5 percent.

Generali Life CEO in Thailand on Building its Proposition and Being 100% Customer-Centric

Generali Thailand is more than merely its core business of life insurance, as the firm also spans accident and health (A&H).

Hong Kong Welcomes HSBC, StanChart to Relocate Home

The Hong Kong Monetary Authority followed up last week with the reassurance of healthy local balance sheets and the lacking need to cancel dividends.

Jobs destroyed worldwide as coronavirus triggers deep recession

The International Labor Organization last month warned almost 25 million jobs will be lost if the virus isn’t controlled.

Gartner CFO Survey Reveals That 62% of CFOs Plan SG&A Cuts This Year Due to Coronavirus Related Disruptions

CFOs Should Follow Four Cost-Cutting Tactics

Not buy time yet: Lonsec

The earnings part is the trickier of the two.

Shanghai displaces Hong Kong as world’s leading IPO hub

According to IPO bankers and accountants, firms in the e-commerce, healthcare, and biotechnology sectors and some financial institutions are planning to launch deals in Hong Kong in the second half of the year.

A cautious consumer rebound takes hold in China - Fidelity comments

Consumption of staples is clearly outshining discretionary or luxury goods in what is still very much a lukewarm and uneven recovery.

Global Investment Committee Outlook by Nikko AM

The near-infinite expansion of sovereign bond QE also is an incomparable shock to the system, almost like setting to maximum the electricity used to stimulate the brain of a comatose patient.

Perfect Storm for Markets as Economic Time Stops by Butterfield Group

Certain sectors of the economy are more directly exposed to the economic shutdown, but the breadth of this shutdown will impact every sector.

PE Panorama: Is Covid-19 the sunset for SoftBank?

SoftBank Group Corp. dropped Moody’s Investors Service after the ratings agency downgraded the company’s ratings by two notches to Ba3, challenging the “unexpected size and apparent urgency” of SoftBank’s plan to sell up to $

Hong Kong Financial Center Competitiveness Plunges

The survey rates over 108 financial centers based on over 5,000 respondents and criteria covering a wide range of areas such as regulatory friendliness for business, level of corruption and effective infrastructure.

Don't panic, says Capital Group portfolio manager Steven Watson

Major stock markets have plummeted from record highs as Covid-19, the disease caused by the coronavirus, spreads around the world and the number of fatalities mount.

Why banks are lifting TD rates

Lifting the term deposit rate would support customers who are reliant on their savings, he said.

Japan Post to slash up to 10,000 jobs

According to the latest earnings of Japan Post Holdings released last month, the banking and insurance units are forecast to post a drop of 23% and 13% in revenue for the fiscal year to March respectively.

Crisis Creates Chance for Private Bankers to Prove Entrepreneurial Worth

Larger banks have scale and balance sheet to offer cash through things like share-backed lending.

Super fund warns self-employed of early release risks

The fund is calling on the government to create special measures for self-employed people.

Thailand unveils 117 billion baht stimulus to cushion coronavirus impact

"The measures announced today should be sufficient for now," Mr. Somkid says.

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