Religare Health Insurance has signed an insurance distribution agreement with Union Bank of India, whereby it products and services will sold by the bank branches. Union Bank of India executive director SK Jain said, "Union Bank becomes ...
Tags: Insurance, Health Insurance
As Chinese economy shows signs of picking up, analysts say shadow banking and local government debt, two major financial worries during the past few months, are less likely now to bring down the world' s second-largest economy. While ...
Tags: Local Debts, Financial Crisis
According to the annual BMO Back to School Survey released, retailers should expect to see a boost from back-to-school shopping this year as Canadians plan to spend more on school materials compared to last year. According to the survey, ...
Tags: School Shopping, economy, Apparel
Benefits, insurance and wealth management services provider National Financial Partners (NFP) has purchased the Wood Insurance Group (WIG), a professional liability insurance provider, for an undisclosed sum. Following completion of the ...
Tags: Insurance Group, insurance
In late June, the price of gold has fallen below 1,200 U.S. dollars per ounce; however, it rebounded slightly recently. At present, financial market fluctuates by the influence of domestic and international economic situation. Under this ...
Tags: Gold Price, Mineral
Many small and medium-sized enterprises took a direct hit from the bank liquidity squeeze in June, which disrupted their cash flow and boosted the cost of financing. Figures from Shanghai-based Wind Information, a financial data provider, ...
Tags: Credit Crunch, Smaller Firms
Hints that the Federal Reserve could pull back on its easing efforts later this year sent stocks broadly lower, with high-dividend-yielding stock sectors leading declines. After falling modestly in the initial minutes following the ...
Rio Tinto has sold $US3 billion ($3.1bn) in corporate bonds in the US market, making it the biggest high-grade deal since worries about the Federal Reserve pulling back on its bond-buying program stymied new issuance. Underwriters ...
Hub International Mountain States, a subsidiary of insurance brokerage firm Hub International, has completed acquisition of the assets of Beartooth Insurance for an undisclosed sum. Located in Montana, Canada, Beartooth Insurance is a ...
A joint-venture sales firm between The People's Insurance Company (Group) of China Ltd. (PICC and SEHK: 1339) and US insurance giant AIG has begun recruiting talents. PICC Life, the life insurance unit of PICC, said in its official ...
Two Chinese firms will debut on the Stock Exchange of Hong Kong this month. They are China Galaxy Securities Co., Ltd. and Sinopec Engineering (Group) Co., Ltd. The former formally triggered the share sale on May 6 and the latter is ...
Tags: Launch IPO, Sinopec Engineering
More and more banks in Germany are facing declining returns and weak growth. Against the backdrop of the euro crisis, the eleven largest German banks saw their year-on-year earnings before tax drop by one third during the first half of 2012 ...
Tags: Banks, Interlinking Corporate, Private Banking Business
Genworth Financial has reported net income of $103m, or $0.21 per diluted share, compared to $46m, or $0.09 per diluted share, during the first quarter last year. Net operating income was $151m, or $0.30 per diluted share, against $17m, ...
Tags: Genworth Financial, Net Income
HSBC Middle East has inked an exclusive agreement with Zurich Insurance Middle East for distribution of its personal and commercial general insurance products in the UAE over the next ten years. Involving distribution in other Middle East ...
Tags: General Insurance, HSBC
US stocks ended a tumultuous day with strong gains after a false tweet briefly sent financial markets veering, underscoring technology's role in tightly linking global markets. The Dow Jones Industrial Average briefly plunged Tuesday ...
Tags: US Markets, Reel on False