Weekly investor roundup: Cathay Financial expects rate hikes to boost returns; NPS' enlarged stewardship role faces pushback
Cathay Financial Holdings anticipates that interest rate increases will help boost profits in the coming year; Korea's National Pension Service meets protest from the business community after move to enlarge stewardship role; MAS bans crypto advertising to the general public; Japan's GPIF appoints managers for fund of funds mandate; GIC returns for Checkout.com's Series D funding; and more
TOP NEWS OF THE WEEK:
Lee Chang-ken, the president of Cathay Financial Holdings is anticipating a string of interest rate increases from the US Federal Reserve that will boost profits further after a record year.
In an interview, he said that he “really likes inflation” and was looking forward to the rate raises. He added that he hopes the Fed would raise rates eight times each by two percentage points over the next three years.
Cathay Financial reported a surge in preliminary…
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