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Prudential hires Goldman ex-banker

Bloomberg Prudential Plc’s Asian asset management arm has hired former Goldman Sachs Group Inc. dealmaker Edmund Lim, who previously led the bank’s Southeast Asia financial institutions group. Lim, who was a managing director at Goldman, will join Prudential’s Eastspring Investments unit in mid-November as head of corporate development, the fund manager said to Bloomberg queries. The banker is leaving Goldman ...

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North Korea seeks investments, says business chief from South

Bloomberg North Korea signaled it wants to bring in investments from South Korean companies to help modernise the secluded country, according to one of the business chiefs that went to Pyongyang last week. North Korea wants to have economic cooperation and technical assistance from the South, Sohn Kyung-shik, the 79-year-old co-chairman of CJ Group and the head of the Korea ...

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India rules out higher tax on gold

Bloomberg Jewellers in India breathed a sigh of relief after the government is said to have ruled out raising import taxes on gold to curb a slump in the local currency. Gold futures in Mumbai rose and shares of Titan Co., India’s largest maker of branded jewellery by market value, pared losses. The country isn’t planning to raise the tax ...

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