Tencent, Ping An lead Hong Kong stock advance as investors anticipate tech earnings and state-owned firms get boost
Hong Kong stocks rose on a rally in tech stocks as investors anticipated strong net profits from Tencent and Alibaba in their quarterly earnings releases. Banks and insurers gained, following onshore peers that have benefitted from government initiatives to boost the valuation…
Asia-Pacific Power List 2023: Stuart A Spencer, AIA Group
As an astute marketer at an insurance heavyweight, the group CMO of AIA, Stuart A Spencer has carved a permanent position for himself in Campaign’s Power List since the first edition came out in 2018. Not one to rest on…
Elevance Health Announces Appearance at the Bernstein 39th Annual Strategic Decisions Conference
Elevance Health (NYSE: ELV) announced today that senior management is scheduled to present at the Bernstein 39th Annual Strategic Decisions Conference in New York City on June 1, at 8:00 a.m. Eastern Daylight Time (EDT). All interested parties are invited to listen to…
Understanding the Benefits of Electronic Health Records (EHRs)
The healthcare industry generates about 30% of all the world’s data volume and that number is expected to grow to 36% by 2025. What preferred tool does the healthcare industry use to successfully organize, manage, and access that large amount of patient…
Elevance Health (NYSE:ELV) Receives New Coverage from Analysts at StockNews.com
A number of other equities analysts have also recently issued reports on ELV. Deutsche Bank Aktiengesellschaft increased their target price on Elevance Health from $571.00 to $575.00 in a report on Thursday, April 20th. Cantor Fitzgerald began coverage on Elevance…
‘Stunning’ change to United’s colonoscopy coverage roils physicians and patients
When gastroenterologists learned in March that UnitedHealthcare plans to barricade many colonoscopies behind a controversial and complicated process known as prior authorization, their emotions cycled rapidly between fear, shock, and outrage. The change, which the health insurer will implement on June 1,…
Commonwealth Bank doubles AT1 issue to $1 billion, closes bookbuilding early
Commonwealth Bank of Australia CBA.AX on Wednesday doubled an AT1 hybrid security offering to A$1.55 billion ($1.05 billion) and closed book building for the issue six days ahead of schedule in a sign of appetite for the instruments written to zero during the…
CBA to tap credit investors for $750m
The Commonwealth Bank is marketing a new $750 million, ASX-listed tier one, or hybrid, security that will pay investors an interest rate of about 7 per cent based on prevailing short-term bank rates. The securities offer, titled PERLS XVI, is…
HDFC Bank turn ex-date for dividend; shares fall up to 2%
HDFC had declared a dividend of Rs 44 per share, whereas HDFC Bank had announced a dividend of Rs 19 per share. Shares of HDFC twins, Housing Development Finance Corporation (HDFC) and HDFC Bank slipped up to 2 per cent…
HDFC Bank, Telangana Government-Backed TASK Come Together to Promote Fresh Employment
HDFC Bank, India’s largest private sector bank, and Telangana Academy for Skill and Knowledge (TASK), a not- for-profit organisation under the Department of ITE&C, Government of Telangana have signed a Memorandum of Understanding (MoU) to promote employment of fresh graduates…
Royal Bank of Canada (RY) Set to Announce Quarterly Earnings on Thursday
Royal Bank of Canada (TSE:RY – Get Rating) (NYSE:RY) will be announcing its earnings results before the market opens on Thursday, May 25th. Analysts expect the company to announce earnings of C$2.87 per share for the quarter. Royal Bank of Canada (TSE:RY – Get…
Royal Bank of Canada Allocators Cut Most Crypto Stocks Last Quarter
Portfolio managers tied to the Royal Bank of Canada — the nation’s largest bank — slashed stakes across the majority of their crypto-related portfolios last quarter. Blockworks analyzed the RBC’s SEC filings totaling 34 affiliated entities (including outside asset managers…