In Washington, D.C., a renewed clash is emerging between pharmaceutical companies and pharmacy benefit managers (PBMs) as the newly formed administration of President Donald Trump embarks on addressing key policy areas in
At the Consensus Hong Kong event on February 19, Zak Folkman, co-founder of World Liberty Financial (WLF), expressed his desire to bring back the initial coin offerings (ICOs) model, emphasising the need
Shares of United Overseas Bank (UOB) soared to a record high on Wednesday after the bank reported a 9% rise in its fourth-quarter net profit, which exceeded expectations, and unveiled a significant
HSBC’s 2024 financial report reveals a 3% decline in its global workforce as the bank focuses on cost-cutting measures and major restructuring initiatives under the leadership of new CEO Georges Elhedery. The
Catastrophe bonds (cat bonds) have been consistently outperforming high-yield debt markets, and now, these high-return investments are about to be more accessible to a wider range of investors. In a significant development,
Diamondback Energy announced on Tuesday that it has agreed to acquire certain units of energy producer Double Eagle, backed by EnCap Investments, in a cash-and-stock deal valued at approximately $4.08 billion. This
Australian insurance stocks suffered significant losses on Monday after Peter Dutton, leader of the Liberal Party, threatened to break up the country’s major insurers, accusing them of exploiting consumers. The statement comes
The Bank of Japan (BOJ) is poised to complete the sale of millions of dollars’ worth of stocks purchased from troubled banks during the financial crisis much earlier than previously planned. According
A sharp increase in insurance sales in Taiwan is raising concerns about potential capital outflows, which could drag the local currency, the Taiwan dollar, to levels not seen since the global financial
Swiss Life, a leading financial services provider based in Switzerland, has announced the acquisition of ZWEI Wealth, a wealth management advisory firm. The deal, which is effective immediately, aims to enhance Swiss
