The Australian financial company will become a stand-alone, multi-boutique asset management business with the sale of its corporate trust and wealth management divisions to KKR.
Oil edges lower in early Asian trade following news reports that Russian Deputy Prime Minister Alexander Novak indicated OPEC+ could move to increase crude production.
Shares of the ship-repair unit of shipbuilding giant HD Hyundai surged in their trading debut in South Korea’s biggest initial public offering in more than two years.
Gold edged higher in early Asian trade, supported by lingering hopes for Fed rate cuts, which would increase the appeal of the non-interest-bearing precious metal.
Hong Kong’s benchmark Hang Seng Index was 0.5% higher. The benchmark index’s recent rally over the past two weeks was likely fueled by hopes of supportive policies from China’s recent Politburo Meeting, Saxo Markets said.
These San Diego homeowners hadn’t planned to renovate, but after significant water damage, they started from scratch. Inside the ‘California Modern’ space.
Speaking in California, Evan Greenberg says industry has been setting premiums ‘very rationally,’ adding that it didn’t tell people to ‘build magnificent homes in a wildfire zone.’