Finance news covering financial markets, investment strategies, wealth management, and personal finance developments.
Indonesian Minister Rosan Roeslani announced at the inaugural Nusa Dua Forum that Bali will become an international financial hub with independent courts and financial authorities, offering top incentives to investors. The forum attracted about 120 participants from Hong Kong, sovereign funds, and family offices.
The Association of Mutual Funds in India (AMFI) streamlined the process for transferring mutual fund units and proceeds after a unit holder's death, effective immediately. Asset management companies will rely on latest address details and process transfers despite minor discrepancies, with a 15-day objection window.
Jio Financial Services reported consolidated total income excluding dividends surged 141% year-on-year to INR1,496 crore in Q1 2027. JioCredit's gross AUM rose 2.6 times to INR30,667 crore, while Jio Payment Solutions volume grew 2.5 times to INR19,208 crore.
UnitedHealth Group reported Q2 2026 adjusted EPS of $6.38, up from $4.08 a year ago, and raised its full-year outlook to $19.50-$20 per share. Shares surged up to 10.3% on Thursday. CFO Wayne DeVeydt cited improving medical-cost trends, while Medicare Advantage membership is expected to decline by 1.1 million.
A group of Aston Martin creditors, including holders of a majority of its $1.85bn bonds due 2029, have hired Jefferies as financial adviser. The creditors sent a letter offering fresh financing and broader capital structure discussions, amid the company's debt concerns and recent quarterly loss.
Thousands of Australians may not know they are missing money after the collapse of First Guardian and Shield Master managed investment schemes. ASIC is investigating the failed funds, with investors collectively out of pocket by over $1 billion.