India’s ICICI Prudential Life Insurance Q1 profit rises on demand for market-linked policies

India’s ICICI Prudential Life Insurance Company posted a nearly 9% rise in its first-quarter profit on Tuesday, aided by strong demand for market-linked products.

UBS has agreed to sell a former insurance-linked investment arm of Credit Suisse to the management of the business, the Swiss bank said on Tuesday.

Barclays on Tuesday lifted its 2024 target for the benchmark S&P 500 index to 5,600 from 5,300 as it expects strong profit growth for mega-cap technology firms.

Ratings agency Moody’s Corp raised its forecast for full-year adjusted profit above Wall Street estimates, driven by strong demand for its research and analytics products.

MSCI reported a second-quarter adjusted profit on Tuesday that rose nearly 12% as improved spending by clients drove up demand for the company’s index products and analytics services.

India’s Bajaj Finance said on Tuesday it expects to see normalisation in loan losses only from October, after it missed first-quarter profit estimates due to higher provisions.

Goldman Sachs Group’s alternative investments platform said on Tuesday it bought seven logistics-focused properties across Australia to scale up its real estate portfolio.

Insurer Beazley said on Tuesday it had no plans to alter its guidance in the wake of Friday’s global IT glitch, which crashed an estimated 8.5 million Windows-operated devices, crippling transport systems and impacting financial markets.

Spain’s Sabadell raised its lending income outlook for 2024 and lifted its shareholder distribution target on Tuesday, as it tries to fend off a hostile takeover by BBVA .

Julius Baer on Tuesday named Goldman Sachs partner Stefan Bollinger its new CEO, as the Swiss private bank seeks to move on from the multi-million dollar Signa debacle.

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