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(Reuters) – South Africa’s Discovery Ltd said on Tuesday it would set up an Asia-focused health insurance technology business in partnership with Hong Kong-listed AIA Group Ltd. Discovery will own 25% of the joint venture, to be called Amplify Health, while AIA will own the rest. (Reporting by Amna Karimi in Bengaluru; Editing by Sriraj …

South Africa’s Discovery, AIA to partner for Asian insurance tech venture Read More »

By Svea Herbst-Bayliss BOSTON (Reuters) – Trian Fund Management, the activist investment firm run by Nelson Peltz, said in a regulatory filing on Monday it has slashed holdings in consumer staples giants Procter & Gamble Co and Mondelez International Inc by more than 90% each. Trian owned 237,384 shares of P&G, which makes Tide detergent …

Activist firm Trian cuts holdings in P&G, Mondelez -filing Read More »

By David Randall NEW YORK (Reuters) – Singapore state investor Temasek Holdings added new positions in a number of consumer-focused companies during the quarter that ended Dec. 31, including ride-hailing and food delivery company Grab Holdings Ltd, brokerage firm Robinhood Markets Inc and fashion company Rent the Runway Inc, according to securities filings released Monday. …

Temasek adds stakes in Robinhood, other consumer-focused companies Read More »

ZURICH (Reuters) – Assets under management or custody at Pictet Group rose by 15% to a record 698 billion Swiss francs ($755.49 billion) last year amid strong markets and net new money inflows of more than 29 billion francs, the Swiss wealth and asset manager said on Wednesday. Operating income at the Geneva-based group rose …

Pictet Group’s assets rise 15% to record high in 2021 Read More »

By Chris Taylor NEW YORK (Reuters) – Justin Soffer always enjoyed the car-buying process, with the typical back-and-forth negotiations that led to good discounts. But seven dealers and three months later, the marketing consultant from the Berkshires emerged shellshocked last year – and a lot lighter in the wallet. Along the way were several scenes …

Dealer’s choice: How to buy a car now Read More »