Prosus said its finance chief will retire later this year, continuing a management reshuffle as the tech investor seeks to close a gap between its market value and that of its stake in Chinese technology giant Tencent Holdings.
Munich Re reported a net profit for the second quarter that beat consensus forecasts and reiterated its full-year profit outlook of at least €5 billion.
China’s regional banks are under fresh scrutiny from regulators for snapping up treasury notes amid an extended rally in Chinese government bonds that’s drawn alarm from the central bank.
