 | | | | Struggling property giant China Evergrande Group (3333.HK) repaid matured wealth management products of less than 100,000 yuan ($15,531) on Sept. 9 as part of an interim repayment plan for retail investors, financial information provider REDD reported on Friday. | | | | | | China's banking and insurance regulator said on Friday it will launch wealth management product pilots in four cities aimed at retail investors looking to boost their retirement savings. | | | | | | China kicked off on Friday a long-awaited scheme, called Wealth Management Connect, that links its southern province of Guangdong with Hong Kong and Macau, as Beijing moves to pull the two territories closer. | | | | | | Harvard University is ending its investments in fossil fuels, the school's president said on Thursday, drawing praise from divestment activists who had long pressed the leading university to exit such holdings. | | | | | | A top U.S. banking regulator fined Wells Fargo $250 million and placed new restrictions on the bank's business after finding shortcomings in its earlier efforts to pay back customers it had previously harmed. | | | | | | Old Republic National Title Insurance Co, one of the largest U.S. title insurers, will stop using "no-poach" agreements that prevent workers from moving to rivals, under a settlement on Thursday with New York's attorney general. | | | | | | National Bank of Kuwait , the Gulf country's largest lender, has given initial price guidance for six-year U.S. dollar-denominated bonds of around 115 basis points over U.S. Treasuries, a bank document showed on Thursday. | | | | | | Hong Kong's markets watchdog expects to penalise more brokers for misconduct over listings in the financial hub, particularly smaller firms, its enforcement director said on Wednesday, despite some large fines levied recently. | | | | | | The Indian government is considering allowing foreign institutional investors to buy up to a total of 20% in state-owned Life Insurance Corporation (LIC), a government source said on Wednesday, as it presses ahead with a stake sale. | | | | | | Abu Dhabi locked in $3 billion on Wednesday with its second bond sale of the year for which it received more than $9.75 billion in orders for two tranches, a bank document showed. | | | | | |
