Oil, renminbi stabilisation good news for Japan equities
A combination of strong corporate earnings and the stabilisation of both the Chinese renminbi and global oil price are making “deeply undervalued” Japanese equities more attractive, according to Tokyo-based Sompo Japan Nipponkoa Asset Management (SNAM).
Irish health insurer Vhi enters life sector with Zurich
Ireland’s state-owned insurer, Vhi Group, the country’s largest health insurer, has entered the life insurance market after joining forces with Zurich Insurance.
Cayman Is. mimic Delaware’s limited liability company
The Cayman Islands is to introduce a new type of business vehicle in the form of a limited liability company (LLC), inspired by similar legislation in the US state of Delaware.
Hong Kong urges greater AML and KYC effort after Panama leak
Banks and financial institutions in Hong Kong must “strictly comply” with existing money laundering laws requiring them to disclose the identities of their customers and what they intend to do with their money.