Speculation of a grand bargain by the Group of 20 to rebalance the global economy is swirling ever faster thanks to China’s surprise decision to raise interest rates for the first time since 2007. Higher rates ought to push up …
Swiss Rre has issued a timely new sigma study , “The impact of inflation on insurers,” which examines “recent commodity price spikes and the current easy monetary policy” that have “increased inflation concerns.” Swiss Re underscored the fact that “many …
Fairholme Capital Management LLC increased its stake in American International Group Inc. to 26.6 percent, deepening the fund’s role in the insurer as it prepares to emerge from U.S. government support. Fairholme Manager Bruce Berkowitz already held a 24 percent …
France will start talks on overhauling the global monetary system during its G20 presidency to improve policy coordination and stem capital flows distorting exchange rates, Economy Minister Christine Lagarde said Thursday. France will take over the chair of the Group …
Los Angeles-based Mercury General Corp. has reported that on Monday, Nov. 1, 2010, it will release results for its third quarter ended Sept. 30, 2010. The company will host an investor conference call and Webcast that same day at 10 …
The City of London is just emerging from the recession brought on by the financial crisis, but it’s “clear there are numerous challenges ahead if it is to retain its global importance as a center for financial services,” warns Lloyd’s. …
AIA Group Ltd, which aims to raise about $15 billion through a Hong Kong listing, flagged a series of business risks including the collapsed bid from Prudential Plc as it launched the share offering on Tuesday. AIA, the Asian life …
European Union finance ministers met on Friday in a fresh attempt to agree a common approach on taxing banks as well as to grill credit rating agencies about how they arrive at their ratings. Three years since the onset of …
American International Group Inc. (AIG) said it has come to an agreement with the Obama Administration on a plan to repay American taxpayers who bailed out the insurer in 2008. AIG said it will use proceeds from the sale of …
American International Group Inc. and the U.S. government laid out a plan for the insurer to repay its $182.3 billion taxpayer bailout, just over two years after it was rescued from the brink of collapse. The deal, reached after AIG’s …
