Prudential's double down on Asian growth still makes sense – so long as unrest in Hong Kong doesn’t cast a pall. CGAThompson writes:
Strong Asian growth propelled the London-listed insurer to a 14% year-on-year increase in first half operating profit. Management is focusing on a demerger of the UK business to boost Pru’s lowly valuation, but unrest in its largest Asian market may cast a shadow on sentiment.
Prudential on Aug. 14 reported a 14% year on year rise in first-half operating profit from continuing operations to 2 billion pounds, compared to the same period in 2018.
The London-listed insurer results were boosted by a strong performance from its fast-growing Asian business. It said its Solvency II ratio stood at 222% of the minimum required capital buffer. It announced an interim dividend of 16.45 pence per share, a 5% year-on-year rise.Read more: ReutersBreakingviews
Asian stocks follow Wall Street lower on trade war jittersInvestor anxiety has been fed by President Donald Trump's threat of new US tariff hikes on Chinese goods, protests in Hong Kong and weaker-than-expected data from India, Argentina and Singapore.
Small but influential, Iowa’s Asian and Latino Coalition endorses Kamala HarrisThe Asian and Latino Coalition, an Iowa-based political action committee and the state’s only Democratic race-based political organization, has endorsed Sen. Harris as 2020 presidential candidate. Lol There are too many examples to cite, but she put over 1,500 people in jail for marijuana violations and then laughed about it when she was asked if she ever smoked marijuana,” Gabbard said.
Asian shares rise on US plan to delay some China tariffsAsian shares were mostly higher after the US said it would hold off on tariffs of Chinese imports of mobile phones, toys and several other items typically on holiday shopping lists
Study: Asian carp could find plenty of food in Lake MichiganTRAVERSE CITY, Mich. (AP) — Asian carp are likely to find enough food to spread farther if they establish breeding populations in Lake Michigan, reinforcing the importance of preventing the... Asian Carp! How did they get pass customs! Give the Carp a commercial monetary value and the problem will be solved. Carp Cat Food? Can't we just sell them for meat to China? They eat cats... that's about the same. Just saying.
Hong Kong's leader warns city faces 'path of no return'Meanwhile one of the world's busiest airports in Hong Kong struggles to reopen a morning after thousands of pro-democracy demonstrators crowded into the city's main terminal and forced flight cancellations.
Hong Kong airport slowly reopens after crippling protestsAirlines were checking in passengers at Hong Kong's airport, a day after thousands of protesters prompted one of the world's busiest airports to shut down to highlight their calls for democratic reforms in the semi-autonomous Chinese territory. Protestors filling the airport again. Not long until flights are all cancelled again today In case you haven't heard, the airport's been occupied by protesters again. This is a live feed from the airport... Demostrators were offered a Democratic Dialogue with their government. Instead, they make the WRONG choice of choose VIOLENCE as the way, to express their political differences.HOWgovernments can confront, the IRRATIONALbehaviour, that allowed extremits destabilisation ACTIONS?