China is set to overtake Japan as the world’s second-largest economy in a resurgence that is changing everything from the global balance of military and financial power to how cars are designed. By some measures it has already moved to …
Sun Life Financial expects premium growth at its China insurance venture to more than double this year, a senior executive said, after receiving approval to turn the company into a Chinese-owned entity. Sun Life Everbright will also likely begin making …
Iran said on Monday it was ready to return to talks on a nuclear fuel swap, a surprise that came shortly after the European Union agreed tougher sanctions, including a block on oil and gas investment. EU foreign ministers approved …
A.M. Best Co. has assigned a financial strength rating of ‘A’ (Excellent) and issuer credit ratings of “a” to China Reinsurance (Group) Corporation (China Re or the Group) and its subsidiaries, China Property & Casualty Reinsurance Company Ltd (CPCR) and …
According to catastrophe risk modeling firm AIR Worldwide, Typhoon Chanthu slammed into southern China near Wuchuan City in Guangdong Province on Thursday, “further drenching a region already inundated by a month of heavy rain and extensive flooding. “Chanthu’s winds were …
Chinatrust Financial Holding Co, Taiwan’s top credit card issuer, is happy to talk to American International Group Inc (AIG) about its Taiwan life insurance unit if the U.S. firm is unable to seal an existing deal to sell the unit. …
Brazil, China and India must use their growing economic might to help revive deadlocked global trade talks, a coalition of business lobby groups said in a letter to U.S. and European Union trade negotiators. The letter, sent on Wednesday, is …
Bowring Marsh, the Specialist International Placement Broker at Marsh, has expanded its footprint in Asia with the opening in Hong Kong of its ninth office, specializing in property, earthquake, business interruption and casualty risks. The Hong Kong office “provides greater …
Rescuers in China were searching Tuesday for 30 people buried in landslides as flood waters from days of heavy rain surged past the Three Gorges Dam, the world’s largest. Soldiers used bulldozers to plow through debris in search of survivors …
WTO member states must find answers to bilateral squabbles if they want to achieve any global breakthrough in free trade talks, Canada’s trade minister said Friday. In an interview with Reuters, Peter Van Loan said he would not point fingers …
