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Showing 31 - 40 of 74 results for "BOC"

CBA sells interests in Chinese insurer

JAMIE WILLIAMSON  |  WEDNESDAY, 23 MAY 2018
Commonwealth Bank has offloaded its stake in a Chinese life insurance joint venture for $668 million. CBA sold its 37.5% equity interest in BoComm Life Insurance to Japanese insurer Mitsui Sumitomo as per a condition of the bank's sale of its Australian ...

CBA mulls sale of Indonesian life business

JAMIE WILLIAMSON  |  TUESDAY, 3 APR 2018
Commonwealth Bank will potentially offload its Indonesian life insurance business as part of a strategic review. The bank announced it is undertaking a strategic review of PT Commonwealth Life (PTCL) and has engaged external advisers to weigh the possibility ...

AIA acquires CBA life insurance businesses

JAMIE WILLIAMSON  |  THURSDAY, 21 SEP 2017
The Commonwealth Bank has sold 100% of its Australian and New Zealand life insurance businesses to AIA Group for $3.8 billion. The sale of CommInsure Life and Sovereign also includes a 20-year bancassurance partnership with AIA for the provision of ...

Canada economic growth changes gears

BENJAMIN ONG  |  THURSDAY, 7 SEP 2017
The financial headlines talked about the Bank of Canada's (BOC) decision last night to raise its benchmark overnight rate by 25 basis points to 1% - and the Bank Rate and the deposit rate by the same to 1.25% and 0.75% - as having taken the markets ...

No follow through

BENJAMIN ONG  |  TUESDAY, 8 AUG 2017
Unlike the Bank of Canada (BOC) which he headed from 2008-2013, now Bank of England (BOE) governor Mark Carney didn't follow through on the remarks he made at the European Central Bank Forum in Portugal that, "Some removal of monetary stimulus is likely ...

Not showing: inflation

BENJAMIN ONG  |  MONDAY, 24 JUL 2017
... other than the pound's depreciation since the Brexit vote. But even the BOE consider this as temporary. The Bank of Canada (BOC) justified its recent rate hike to the lagged effect of the transmission mechanism of monetary. The BOC wanted to pre-empt ...

Is the Fed the victim of its own success?

BENJAMIN ONG  |  MONDAY, 17 JUL 2017
... banks must target future inflation by anticipating future deviations from target." These were the words of Bank of Canada (BOC) governor Stephen Poloz that helped justify the Canadian central bank's decision to lift interest rates by 25 basis points ...

Dovish Fed, hawkish BOC

BENJAMIN ONG  |  THURSDAY, 13 JUL 2017
... to rise all that much further to get to a neutral policy stance." It was different across the border. The Bank of Canada's (BOC) decision to lift its benchmark rate by 25 bps to 0.75% overnight came as no surprise to financial markets. This was telegraphed ...

Australian end of financial year sale

BENJAMIN ONG  |  FRIDAY, 30 JUN 2017
... "deflationary forces have been replaced by reflationary ones", were interpreted at hinting that normalisation is coming. Add to this BOC chief Poloz's observation that interest rate cuts "have done their job" and that excess slack in Canadian economy ...

O Canada

BENJAMIN ONG  |  WEDNESDAY, 26 APR 2017
... States account for more than 75% of Canada's total exports and over 66% of its imports. This puts at risk the Bank of Canada's (BOC) optimistic outlook for the economy. Exports account for about 30% of Canada's GDP. In its monetary policy meeting of ...