Aviva sells stake in Singlife, debt instruments for total S$1.4 billion
Aviva has announced its exit from its Singapore Life Holdings (Singlife) joint venture, selling a 25.9% stake. Find out the details.
Source: yahoo.com
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Aviva to sell Singlife joint venture stake for $1 billion
LONDON (Reuters) -Aviva is quitting its Singlife joint venture, selling its 25.9% stake in Singapore Life Holdings and two debt instruments to Sumitomo Life for a combined 800 million pounds ($997 million), the British insurer said on Wednesday. The transaction is expected to be completed in the fourth quarter of 2023, Aviva said. Aviva Chief Executive Amanda Blanc said the transaction further simplifies the business and puts the company in a very strong position to build on its trading momentum in the UK, Ireland and Canada.
Source: yahoo.com
EU banks to issue more debt as central bank funding declines
The changing funding composition is particularly relevant in 2023 and 2024, says the European Banking Authority.
Source: thebanker.com
Canara Bank shares in focus today as lender to raise Rs 7,500 crore
Canara Bank shares: The stock closed at Rs 296.75 on BSE in the previous session. Market cap of Canara Bank stood at Rs 53,970 crore.
Source: businesstoday.in
What effective strategies can help generate a steady income stream during retirement?
You can move your savings account funds to fixed income instruments like non-covertible debentures (NCDs), fixed deposits (FDs), which will give regular income.
Source: livemint.com