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London Markets : BP and Aviva in the lead
Shares of BP PLC rallied Monday, leading Britain's benchmark stock index higher after the oil group announced a settlement with Anadarko Petroleum Corp. over...
AIA : new business up 53 per cent on year in 3Q
A strong premium income growth in China and Malaysia drove AIA to report its highest ever quarterly new business value.
AIA, 32.89 per cent-owned by...
RBS : inline for GBP1 billion dividend ahead of insurance float
According to the Sunday Telegraph, the Royal Bank of Scotland Group is to receive a dividend of as much as GBP1 billion ahead of...
IMF: not considering market involvement with Euro bailout fund
The IMF’s European chief stated that the international fund is not considering the purchase of bonds in the European debt markets in cooperation with...
Tawa : interim results for the six months ended 30 June 2011
Tawa plc holds capital extraction and free cash flow generation as its main performance indicator. In this context a capital extraction of $22.8 million...
Natural disasters result in massive losses for Lloyd’s
This year has been the second most expensive year ever for insurers due to an onslaught of natural disasters.
Lloyd's of London's 88 underwriting syndicates...
ING : cuts its exposure to Italian sovereign bonds
In an attempt to ease market concerns on its exposure to troubled Eurozone countries, ING announced it has substantially cut its holding of Italian...
Lloyd’s : earnings dive in red from catastrophes
The Lloyd's of London insurance market announced first-half losses due to an unprecedented number of major natural catastrophes including the Japanese earthquake and tsunami.
The...
FX Alliance : USD 100 million IPO filed
As the forex trading platform expands its capacity for handling currency derivatives, FX Alliance Inc. has filed plans for an initial public offering of...
Bank of America : $1.5 billion stake in HCA to be sold
Bank of America has agreed to sell its HCA stakes back to the hospital firm in a move that should raise $1.5 billion in...
Deutsche Bank : investors are reluctant to fund European banks
Anshu Jain, Deutsche Bank’s Co-Chief Executive said there was reluctance from investors to fund European banks, he does however expect a political resolution to...
Charter shareholders still prefer a Melrose takeover
Two of Charter International PLC's largest shareholders have voiced their support for a proposed takeover by Melrose PLC, despite the engineering group agreeing a...
Moody’s : downgrades and reviews top French banks
The continuing European debt crisis is denting key sources of funding of major banks. Moody’s has cut the long terms debt ratings of Societe...
HSBC : to sell insurance unit for USD 1 billion
The UK newspaper The Times has reported in Tuesday’s edition without citing sources, that HSBC has put its general insurance business up for sale...
France : banks and insurance companies fall hard
European stock markets have closed disastrously on Monday evening. France’s CAC 40 lost 4 % while facing the spectre of the Greek sovereign debt...
Italy : bank default insurance costs hit record high
Eurozone countries have been battered, Italy in particular, as the fears over the Eurozone sovereign debt crisis escalate. Furthermore, the cost of insuring Italian...
Societe Generale : CEO meets with labour union to discuss cost-cutting
Societe Generale’s CEO, Frederic Oudea, has met with labour unions to discuss the bank’s announced budget cuts.
Oudea said the cost cutting doesn't include collective...
ING : Netherlands will be on edge of recession near the end of the year
The Netherlands will be near recession as 2012 closes in. This would be due to weaker exports and sluggish domestic demand, which poses a...
Bank of Scotland PMI : activity expands solidly as growth of new business hits four-month high
Scottish private sector activity expanded solidly in August, as manufacturing production increased at the sharpest pace for four months according to the latest Bank...
ECB : urges all governments to take their own responsibility
Jean-Claude Trichet, European Central Bank president, urges governments to take care of their responsibilities and take act to fend off troubles in the global...
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