Somali pirates have seized a Liberia-flagged and Greek-owned ship with 24 people aboard in the Gulf of Aden, officials said on Wednesday. The ship, managed by Eurobulk Ltd and named Eleni P, was carrying iron and sailing from Ukraine to …
An investing arm of Goldman Sachs is in the final stages of an agreement to buy AXA’s $1.05 billion stake in Taikang Life, China’s No.4 life insurer, according to sources close to the matter. The auction pitted Goldman against private …
Risk Management Solutions (RMS) announced that China Reinsurance (Group) Corporation, the largest reinsurer in Asia, will “license its catastrophe modeling software to support the expansion of China Re’s property and casualty reinsurance business. “China Re will use RMS’ models for …
Russia has released pirates who hijacked an oil tanker in the Gulf of Aden because there are no legal grounds to prosecute them in Moscow, a Defense Ministry official said on Friday. The decision reverses a plan to bring 10 …
Somali pirates on Wednesday hijacked the China-bound oil tanker MV Moscow University 350 miles (565 km) off the coast of Yemen with 23 Russian crew and crude oil worth $52 million on board. “The oil is Chinese. It belongs to …
Things are heating up in the world of Chinese drywall. Courts are issuing opinions, a U.S. consumer products safety agency is recommending gutting homes with the product, and a consumer watchdog group is insisting that President Obama board Air Force …
Warren Buffett said Saturday he plans to visit India next March, and would not rule out the country for possible future investments. Speaking at Berkshire’s annual meeting in response to a shareholder question, Buffett said he had decided only on …
Things are heating up in the world of Chinese drywall. Courts are issuing opinions, a U.S. consumer products safety agency is recommending gutting homes with the product, and a consumer watchdog group is insisting that President Obama board Air Force …
A federal appeals court has ruled that an insurance company has no duty to defend against class action lawsuits filed in Illinois targeting the company’s insured, a Chinese manufacturer of toys sold in the United States that were found to …
Innovation vital for Europe’s future is at risk, because the global financial crisis has turned once-challenging emission reduction goals into easily achievable targets, the European Union’s top climate official said. Connie Hedegaard, European Commissioner for Climate Action, said the continent …
