Asia
axa to buy 50 stake in chinese insurance firm
Axa has agreed a deal to buy 50% of a property and casualty insurance company in China which it says has “strong direct capabilities”.
ing sells stake in south korean jv
ING has agreed a deal to sell its Korean insurance venture KB Life Insurance Company to its joint venture partner KB Financial Group.
chinese investors buy gold as rest of world
The price of gold may have fallen another $125 per ounce yesterday its greatest one-day loss ever but some retail investors in Hong Kong and mainland China are buying more of it, rather than selling, according to a columnist for the South China Morning Post.
uk residential property fund receives singapore
A fund which lends money directly to end borrowers in the UK real estate market has been approved for distribution by the Monetary Authority of Singapore following demand from advisers.
aviva completes sale of malaysia jv
Aviva has completed the sale of its minority share in Malaysian joint venture CIMB Aviva Assurance and CIMB Aviva Takaful.