August 17, 2010
The European Union and United States will hold a summit in Portugal in November, the EU and the White House said on Tuesday, offering an opportunity to rebuild ties strained by the cancellation of their last meeting. The summit will …
June 28, 2010
World leaders agreed Sunday to take different paths for cutting budget deficits and making their banking systems safer, a reflection of the uneven and fragile economic recovery in many countries. The following are highlights from quotes by leaders and other …
June 17, 2010
European Union leaders hope to agree on ways to strengthen budget discipline and economic policy coordination on Thursday to show financial markets they can prevent a repeat of the euro zone debt crisis. Leaders of the 27 member states and …
June 7, 2010
Finance ministers can usually be relied upon to put the best spin on whatever is happening to the global economy. Not at this weekend’s Group of 20 meeting in Busan. The two days of talks were remarkable for ministers’ candor …
June 3, 2010
In conjunction with the release of the latest version of its “Terrorism Threat Map,” Aon’s Crisis Management division analyzes the current state of the ongoing efforts to combat terrorist activities. The analysis differs from Guy Carpenter’s report on the same …
May 26, 2010
Markel International, a subsidiary of Markel Corp. that operates in the Lloyd’s market, has launched a new trade credit division. Ewa Rose, who joined Markel earlier this year, has been named as managing director of the new division. Senior underwriters …
May 21, 2010
Agreeing on a $1 trillion safety net may prove the easy part of saving the euro now the European Union’s leaders are turning to the divisive issue of tightening economic policy coordination. The European Commission wants to reinforce economic surveillance …
May 19, 2010
Europe’s $1 trillion economic rescue signals a recognition of the threat to the euro currency and a commitment to defending it, former Federal Reserve Chairman Paul Volcker said Tuesday. Volcker, a special adviser to U.S. President Barack Obama, said in …
May 19, 2010
Standard & Poor’s Ratings Services has affirmed its ‘A-‘ long-term counterparty credit and insurer financial strength ratings on AG Insurance and the operating entities of Millenniumbcp-Fortis Grupo Segurador S.G.P.S. S.A.; its ‘BBB-/A-3’ issuer credit rating on holding companies Ageas N.V. …
May 18, 2010
The European Central Bank’s decision to buy tarnished debt in the euro zone risks turning it into Europe’s de facto “bad bank” and putting cash-strapped governments and taxpayers on the hook for yet more money. The ECB was forced to …