The W3tr subsidiary in Sweden, EQT Partners, will be purchased by the SK security firm.

SK will maintain its position as the joint operation's second-largest shareholder and has dismissed the possibility of a significant command shift. According to reports from Monday, South Korean security company SK Shield us will be acquired by EQT Partners, a private equity fund managed by S...

Borouge Plc's $2 billion initial public offerings are collecting interest from BlackRock Inc. and Fidelity Asset Management

According to persons familiar with the situation, UAE chemical company Borouge Plc's $2 billion initial public offerings are receiving interest from BlackRock Inc. and Fidelity Asset Management, as fund managers scramble for a piece of the newest hot Middle Eastern listing.

Accordin...

CBIRC ASKS CHINESE BANKS NOT TO WITHHOLD LOANS TO HUARONG

Highlights –

• CBIRC asks Chinese banks not to withhold loans to Huarong.
• Huarong is reportedly one of China's four biggest distressed asset management companies.
• Huarong and its subsidiaries reportedly have outstanding offshore bon...

FAKE GRAYSCALE LIMITED LIABILITY TRUSTS SET UP FOR NAHMII & THETA TOKENS

Highlights:

•       Grayscale investments never setups any trust without announcements

•       The firm has 34 registered trusts which are all Statutory trusts unlike the fake ones which are Limited Liabilit...

U.S GLOBAL ASSET MANAGER BLACKROCK DE-REGISTERS FROM SHANGHAI UNIT

Highlights –

• U. S Global asset manager BlackRock de-registers from Shanghai unit.
• It voluntarily cancelled the business registration of its WFOE unit in Shanghai.
• China had opened its mutual fund industry to foreign managers last Apri...

INDIAN GOVERNMENT MAY PRIVATIZE AN INSURANCE COMPANY

HIGHLIGHTS

• Indian Government is considering plans to privatize either of Oriental Insurance or United India Insurance.
• Some rumors say that both countries might get privatized.
• Both companies may be able to generate interest from the privat...

WOORI FINANCIAL CONCLUDING MERGER WITH AJU CAPITAL FOR W572.4B

• Woori Financial Group disclosed Friday that its panel of directors concluded to buy a controlling stake in nonbanking lender Aju Capital from private equity firm Well to Sea Investment for 572.4 billion won ($507.2 million).
• The move launches South Korea’s fourth-largest ...

SOFTBANK WANTS TO SELL SBG CLEANTECH STAKE

HIGHLIGHTS

• SoftBank is planning to sell its stake SBG Cleantech.
• SBG Cleantech intends to raise around $ 500 Million through a dollar bond.
• Bank of America and Barclays are running the stake sale and bond raise process for SBG Cleantech.

TOKYO STOCKS OBSERVED A SURGE

Highlights

• It was on the hope of vaccine for COVID-19
• Airlines JAL and ANA Holdings surged 3.19 percent and 2.58 percent respectively

On Tuesday, the Tokyo stocks extended gains sharply. It was buoyed by expectations for the early de...

KTB ASSET MANAGEMENT STOPS WITHDRAWALS FROM TCA GLOBAL CREDIT FUND

Highlights –

• KTB asset management company freezes withdrawals from TCA Global Credit Fund
• The U.S fund managing company is under investigation over accounting practices
• KTB notified its fund sellers about the current situation
...

SOUTH KOREA’S JR ASSET MANAGEMENT PROCEEDS WITH IPO

Highlights –

• JR Asset Management to proceed with IPO
• Company to trade offshore real estate investment
• Industry experts doubtful about the IPO schedule

South Korea’s real estate investment firm JR Asset Managem...

NH INVESTMENT, KB ASSET MANAGEMENT ACQUIRES BUILDING IN TEXAS

Highlights –

• South Korean securities firm acquire a building in Texas.
• Acquisition deal includes only the office and retail spaces
• $370 million invested in the building

South Korean securities firm NH Investment &...

ALPENROUTE’s DESIRE TO SELL ITS STAKE TO MARKET KURLY FOR LIQUIDITY

Highlights –

• AlpenRoute to sell its stake for fund repayments
• Market Kurly may resolve AlpenRoute’s liquidity problem
• Market Kurly leading online grocery store

South Korea’s AlpenRoute Asset Management i...

KOSPI -- KOSDAQ INDEX FALL, COVID-19, LIME ASSET MANAGEMENT FIASCO

Highlights –

• Lime Asset management fiasco disrupting market
• KOSPI – KOSDAQ index fall
• Investigation on the asset management company

South Korean local stock markets have come to halt due to COVID-19. According ...

Insurance companies earn $183 million in 2019.

Mumbai: India's burgeoning' Insurtech ' market appears to be growing in size, drawing $183 million in investment in 2019, the maximum ever in the calendar year, even though investment rounds were smaller last year.

Investments almost increased from $89.2 million in 2018, wit...

Apple Supplier Japan Displays $830 million from Asset Manager Ichigo to receive funding

Apple distributor Japan Display said on Thursday, Japanese asset manager Ichigo Asset Management expects to receive up to JPY 90 billion ($830 million) in financial support. Ichigo joins contract electronics supplier Wistron from Apple and Taiwan in bailing out the innovative liquid crystal displ...

India's Financial Sector

IIFL Asset Management Ltd., which administers $3.3 billion in resources, is set to develop a methodology of putting resources into the most focused on the region of India's economy: the money related administration industry. The firm intends to inevitably pull in $1 billion from reserves univ...

The volatility of the euro-dollar hits new low and deepens the misery of the currency market

As 2019 moves towards its final month, currency markets show no sign of waking from their slumber, with key gages of expected swings in this week's euro-dollar rate plumbing new records.

When central bank monetary policies since 2009 saturated financial markets with liquidity, impli...

The trading of India's most significant mutual fund sector

HDFC Asset Management, which is India's largest mutual fund house by asset recently purchased the FMCG, which is the fast-moving consumer goods public sector companies and individual Pharmaceutical players with the earnings season, which work in peak in the month of October and September. The...

DHFL experiences nearly 11-year low

Headquartered in Mumbai, the deposit-taking finance company, Dewan Housing Finance Corporation Ltd. (DHFL) is facing nearly 11-year low. Furthermore, the company was locked in the lower circuit for the third successive session on Friday. 
Reports allege, the Bombay High Court refraine...