HSBC Holdings (HSBA.L) has agreed to acquire French insurer Axa's (AXAF.PA) Singapore assets for $575 million, part of its strategy of scaling up its wealth-management business in Asia to boost fee income.
Oil prices slipped more than 1% on Monday, paring steep losses on weak Chinese economic data after sources told Reuters that OPEC and its allies believe the markets do not need more oil than they plan to release in the coming months.
The dollar held its ground against major peers on Monday as disappointing monthly activity data from China helped the greenback claw back some losses after a shocking slump in consumer sentiment on Friday weakened the U.S. unit.
Sydney Airport Holdings Pty Ltd (SYD.AX) on Monday rejected an improved A$22.80 billion ($16.81 billion) bid from a group of infrastructure investors, saying that it undervalued the airport operator, but that it was open to a higher offer.