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Moorhouse signs first Enterprise entrepreneur
Welsh broker Moorhouse is soon to launch its first business under Moorhouse Enterprise, set up to support the next generation of broker start-ups.
Subject to...
Malaysia issues licences to five foreign banks
Malaysia has issued commercial banking licences to five foreign banks, including French giant BNP Paribas, the country's central bank announced Thursday.
The move came as...
Europe braces for the release of bank stress tests
European governments are taking big steps towards revealing if banks can withstand shocks such as hit the global economy two years ago, and now...
Jobless insurance: US claims in surprise rise
New claims for jobless insurance benefits in the United States rose unexpectedly for the second straight week, the government said Thursday amid concerns unemployment...
Doctors trial for overdose deaths and insurance fraud goes to jury
The trial of a doctor and his wife accused of contributing to the fatal overdoses of 68 patients by overprescribing pain medication went to...
More deregulation would boost Italy: antitrust head
Italy's competition watchdog on Tuesday called for more deregulation of the transport, energy and finance sectors to breathe "oxygen" into the economy struggling in...
Italy’s Generali could be interested in AIA ‘pieces’: report
Italian insurer Generali could be interested in "pieces" of AIG's Asian unit AIA after British insurer Prudential abandoned its ambitious takeover plan, daily Corriere...
Prudential chairman says no heads will roll over AIA
Prudential chairman Harvey McGrath said in an interview on Friday that no heads would roll at the British insurer after it abandoned an ambitious...
Credit insurers could challenge ratings agencies
Credit insurers have what it takes to be fully-fledged financial ratings agencies and compete with existing ones, French central bank governor Christian Noyer said...
Prudential pulls out of bid for Asian insurer AIA
British insurer Prudential said Wednesday it was withdrawing from a bid to buy AIA, the Asian arm of AIG, after the US group refused...
Horse insurance : new product launched by Cornish Mutual
A new insurance product for horse owners in the South West has been launched by regional firm Cornish Mutual for the first time.
The company,...
Unemployment insurance: Italy’s official rate rises to 8.9 percent
Italy's unemployment rate in April rose to 8.9 percent from 8.8 percent in March, reaching the highest level since the fourth quarter of 2001,...
AIG refuses to change conditions of AIA sale to Prudential
US insurer AIG said Tuesday it had refused to modify the conditions for the sale of its AIA Asian unit to British rival Prudential,...
Tropical Storm Risk warns of active 2010 hurricane season
Tropical Storm Risk (TSR), which provides real-time mapping and prediction of tropical cyclone windfields worldwide and is co-sponsored by Aon Benfield, today releases its...
Spanish banks strain to borrow abroad
Spanish financial institutions are having increasing problems in borrowing from foreign banks because of concerns about Spanish sovereign debt, the Expansion daily reported on...
Europe moves to levy bank failure tax
Banks will never again be allowed to call on taxpayers to clean up their mess under plans for a new Europe-wide crisis insurance levy...
US recovery on track despite European debt concerns
Better-than-expected economic indicators are pointing to an on-track US recovery, even as European debt concerns cast a shadow over the world's largest economy.
Strong housing,...
Travel insurance: Sri Lanka welcomes end to US travel warning
Sri Lanka on Thursday welcomed the lifting of a US warning against travel to the Indian Ocean island, anticipating a boost to tourism and...
Prudential chairman defends AIA mega-deal
Prudential chairman Harvey McGrath Tuesday defended a planned takeover of Asian insurer AIA as the British company's shares started trading in Hong Kong and...
Austria extends ban on naked short-selling
The Austrian financial market watchdog, the FMA, said Tuesday it had decided to extend a current temporary ban on so-called naked short-selling by a...
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