Finance
Portugal : health workers strike over budget cuts
Thousands of doctors and nurses in Portugal launched a two-day nationwide strike on Wednesday over sweeping cuts in the health budget, in a protest...
XL Group see’s red in 2011
The XL Group has revealed their fourth quarter and full year results for 2011, reiterating the damage the increased natural catastrophe's had on the...
Catlin sees profit despite huge natcat loss
Despite experiencing almost USD1 billion (£625m) in natural catastrophe losses Catlin managed to avoid the red in 2011, according to the company's financial results...
Maphre : strong results for 2011
Spanish based insurer Mapfre has released their impressive 2011 financial results.
The insurer saw net profits increase by 3.2 per cent last year to €963...
Brits more prepared to risk health than finance
People in the UK are more likely to take a risk with their health than with their finances, according to the latest AXA Wealth...
US threatens sanctions on China banks over Iran
A top US envoy said Wednesday that Washington could penalise China's four biggest state banks if they were found doing business with an Iranian...
US : S&P downgrade hits scores of companies, funds
Scores of companies and entities, from the insurance business controlled by Warren Buffett to mortgage giant Fannie Mae and even including Israeli government bonds,...
WHO in overhaul as body faces losses
The World Health Organisation needs to be revamped, Director-General Margaret Chan said Monday, as a drop in voluntary contributions by member states has burnt...
Health costs huge risk to advanced economies
The cost of health care poses a burden to developed countries that could spark immense financial crises if not contained, the International Monetary Fund...
German reinsurer may lower 2011 forecast after Japan quake
The earthquake and tsunami in Japan will likely force the world's third largest reinsurance group, Hannover Re, to revise downwards its yearly forecasts, the...
Cat bond market could be boosted by Japanese crisis
The market for bonds designed to cover natural catastrophes has taken a hit since the disasters in Japan last month, but could profit in...
Open Letter to Finance Ministers and Central Bank Governors of the G-20
Leading international insurance think tank, The Geneva Association (www.genevaassociation.org), today issued an open letter to the Finance Ministers and Central Bank Governors of the...
US hedge fund eyes China elderly housing
US finance firm Fortress Investment plans to raise $1 billion for a China fund that would invest in housing for the ...
Irish dentists warn money woes can be a grind
An increasing number of cases of teeth-grinding in debt-ridden Ireland were being blamed by dentists Wednesday on patients' financial worries.
Dentists believe that the increased...
Announcement : Insurer Aviva says to withdraw from Taiwan
British insurer Aviva said on Tuesday that it was withdrawing from Taiwan because it did not expect to meet group financial targets there.
The announcement...
Good to know : 6 financial tools to secure your child’s future
The arrival of a baby is probably the best thing that can happen to a family. The initial euphoria, however, wanes as the parents...
EU eyes new rules to supervise financial giants
The European Union's executive arm proposed on Monday to give national supervisors more power to oversee financial conglomerates as part of efforts to prevent...
Merkel, Sarkozy in joint push for market reform
France and Germany on Wednesday called for a European ban on certain high-risk market dealings such as naked short selling in a joint appeal...
Greeks protest against pensions reform
Thousands of demonstrators gathered Saturday in Greece to protest against a controversial, debt-dictated pension reform proposal that includes cuts, higher contributions and tougher retirement...
Hungary seeks to calm financial fears
Hungary's government hastened to calm fears Saturday with assurances that the country's public deficit was containable, after earlier statements that it faced similar problems...
