On:

Money managers led by BNP Paribas Asset Management and Robeco Institutional Asset Management BV are putting pressure on the Philippine government to introduce stricter reporting standards for state-backed projects, following a corruption scandal tied to flood infrastructure.

The group of 11 fixed-income investors sent a letter to the Philippines’ Securities and Exchange Commission and government treasury at the end of March calling for tighter rules around use-of-proceeds disclosures, according to people familiar with the matter. The group is also asking for greater transparency around infrastructure spending, the people said asking not to be identified as the matter is confidential.

This post was originally published on this site.

On:

Antonio Simoes, Group CEO of Legal & General, says the firm is focused on long term investment opportunities and is looking to scale growth this year.
He speaks with David Ingles and Yvonne Man exclusively on the sidelines of the HSBC Global Investment Summit in Hong Kong, on “Bloomberg: The Asia Trade.”

This post was originally published on this site.

On:

Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture.

This post was originally published on this site.

On:

BP Plc said its oil trading performance was exceptional in the first quarter as the Iran war caused a surge in prices.

The conflict sent oil, gas and fuel prices soaring as shipping through the crucial Strait of Hormuz came to a near-halt and Iran targeted key energy infrastructure around the Persian Gulf in retaliation for US-Israeli attacks. Brent crude is up more than 60% this year.

This post was originally published on this site.

On:

Danske Bank A/S last year inadvertently revealed the addresses of about 20,600 of its clients to outsiders.

The Danish lender “experienced an issue causing protected addresses to be visible to recipients of domestic payment transactions,” it said in a statementBloomberg Terminal Tuesday. The data was only visible if recipients opened detailed payment information, and other payment types were not affected, it said, attributing the breach to “human error during a planned system update.”

This post was originally published on this site.

On:

PolyPeptide Group AG and its billionaire shareholder Frederik Paulsen are working on strategic options for the company.

The Swiss contract drugmaker’s review is at an early stage and “there can be no assurances” that it will result in any transaction or other outcome, the company said in a statement on Tuesday. PolyPeptide said it is “well positioned” to achieve its ambition to double 2023 revenue by 2028.

This post was originally published on this site.