Chinese insurer Ping An raises HSBC stake after lender’s historic share dive

September 29, 2020 5:00 AMHONG KONG • China's Ping An Insurance Group raised its stake in HSBC Holdings after HSBC Stock Market slumped to their lowest in a quarter of a century, giving support to the lender that is facing mounting difficulties on several fronts.Want to know more on Chinese insurer Ping An raises HSBC stake after lender's historic share dive click here go to market news source....

Duterte to propose to Congress the abolition of PhilHealth

In a planned “surgical move” to remedy the problem of corruption in the state firm, President Duterte announced Monday, Sept. 28,  that he would propose to Congress the abolition of the Philippine Health Insurance Corporation (PhilHealth). President Rodrigo Roa Duterte (ALBERTO ALCAIN/ PRESIDENTIAL PHOTO) The President, in a televised address Monday night, admitted that he prefers the replacement of PhilHealth with a new agency over the privatization of...

: Shares in HSBC rise 10% after China’s Ping An raises stake

HSBC’s London-listed Stock Market soared on Monday, after Ping An Insurance raised its stake in Europe’s biggest bank, despite escalating tensions between Washington and Beijing. Want to know more on : Stock Market in HSBC rise 10% after China’s Ping An raises stake click here go to market news source. Market news summary from MarketWatch Stock News. Author:

Coconut farmers’ trust fund bill approved on 2nd reading at the Senate

The Senate finally approved on second reading Monday the once-vetoed Coconut Farmers and Industry Trust Fund bill following weeks of deliberations and fine- tuning. “Pagkatapos ng mahabang panahon, maibibigay na rin sa mga magniniyog ang para sa kanila. Kahit na hindi naisama ang ilang mga probisyon sa aming panukala sa final version at pakiramdam ko ay watered-down ang ilang mga probisyon na naipasa, mas maigi nang meron kaysa...

JC Partners delays KDB Life takeover again

JC Partners is facing growing concerns over its bid to take over KDB Life Insurance because of its failure to close the deal in time, according to industry sources, Monday.Want to know more on JC Partners delays KDB Life takeover again click here go to market news source. Market news summary from The Korea Times Market News.Author:

HSI kicks off short week on winning note

Hong Kong Stock Market rallied more than 1 percent on Monday following a strong lead from Wall Street, with market heavyweight HSBC boosted by news its biggest stakeholder had increased its investment in the firm. The Hang Seng Index rose 1.04 percent, or 240 points, to 23,476. HSBC, which had struggled recently, jumped 9 percent to close at HK$30.8, on news that Ping An Insurance Group had lifted...
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