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Great Eastern to buy Malaysia insurance business from AMMB, MetLife for $256 million

Singapore insurer Great Eastern Holdings said on Monday it agreed to buy Malaysian insurance businesses jointly owned by AMMB Holdings Bhd and MetLife International for 1.21 billion ringgit ($256.63 million).Under the deal, Great Eastern, a unit of Overseas-Chinese Banking Corp, will buy AmMetLife Insuran

US dollar erases more than half of this year gains on Fed rate bets

The gauge fell as much as 0.4% in Asian trading on Monday, hitting its lowest level since June 28 as risk currencies rallied.

Rising rates to cushion impact on Asia banks from slowing economies

Rising rates to cushion impact on Asia banks from slowing economies
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