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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China’s factory activity remained stuck in contraction in August, as a government crackdown on price wars holds back production offset the boost for manufacturers of the US’ extended trade truce.
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While Chinese stocks traded in Hong Kong climbed for a fourth straight month, derivatives wagers show investors are skeptical about the market.
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Sales of corporate bonds to Japan’s mom and pop investors are booming, on track to surpass last year’s record as bigger returns draw buyers looking to protect their savings from inflation.
Well-known names such as railway operator Keio Corp. and supermarket giant Aeon Co. are among those tapping the retail bond market, with the latter selling its debut retail bond on Friday.
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