Velliv, Pension & Livsforsikring A/S, a Danish pension fund managing $20 billion in investment assets, dismissed its chief executive officer of 15 years after he made a private investment that violated company guidelines.
An almost eight-hour power outage hit the Philippines’ main airport on Monday, leading to dozens of flight cancellations and delays and leaving thousands of passengers stranded following a long holiday weekend.
The Bank of Japan indicated it has more confidence in much-awaited wage increases for this fiscal year, a shift that is likely to keep fueling market speculation over policy adjustments this year.
Former premier Thaksin Shinawatra said he wants to return to Thailand after his youngest daughter, a politician who is a frontrunner to lead the Southeast Asian nation, gave birth just two weeks before national elections.
Singapore’s top diplomat expressed “grave concern” over altercations in the South China Sea following a near collision between Chinese and Philippine vessels in the highly-contested region.
Yen bulls are bracing for a period of weakness in the currency until speculation returns for a Bank of Japan policy tweak at its June or July meetings.
Emerging-market bulls betting that China’s reopening would drive a year of asset outperformances are seeing their dreams turn into dust.
Singapore’s prime minister-in-waiting Lawrence Wong used a May Day rally to address concerns over a red-hot property market fueling economic inequality, saying citizens will always have affordable homes.
Australia’s fiscal coffers are rapidly refilling as high commodity prices and near-full employment bring windfall tax revenue, raising the possibility of the country recording its first budget surplus in 15 years.
Goldman Sachs and Bank of America pushed back their call for when the next policy change from the Bank of Japan is likely to come, after Governor Kazuo Ueda continued with a largely dovish message at his first policy meeting Friday.
