Funding & Business
Prudential Poised for Growth in All Markets, CEO Says
Prudential Plc’s new business profit grew in the first half of the year, thanks to buoyant demand in markets from Hong Kong to Indonesia. CEO Anil Wadhwani tells “Bloomberg: The China Show” that the results underscore the strength of the company’s business model. He also says Prudential’s capital strength gives it opportunity to grow in all its key markets. (Source: Bloomberg)
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Kenya plans to offer 10 oil exploration blocks in the first licensing round since it adopted new legislation six years ago to govern the petroleum sector.
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Indonesian Finance Minister Sri Mulyani Indrawati pledged to improve the government’s policies after protesters looted her house over the weekend, a signal of reassurance for investors that she’ll continue to manage the economy.
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US stocks can rise another 20% by the end of 2026, driven by the excitement around artificial intelligence, according to strategists at Evercore ISI.
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