A top European Union official said Monday she believed President Barack Obama was serious about reaching a deal in long-running world trade talks, but the time has come for all countries to show their cards. “I think first of all …
The goal of signing a new global commerce deal in 2010 is out of reach unless countries accelerate their negotiations, the World Trade Organization’s Director-General Pascal Lamy said on Friday. The WTO’s 153 members must turn vague discussions on the …
Brazil plans to organize a meeting of trade ministers in late November to discuss progress in the World Trade Organization’s long-running Doha round, a senior Brazilian official said Monday. The meeting would be an opportunity to take stock of the …
Michael “Mike” R. Donohoe of Mankato, Minn., was installed as vice chairman of the Independent Insurance Agents & Brokers of America at the association’s recent Leadership Conference in New Orleans, La. Donohoe is an owner of and an independent agent …
Global risk consulting firm Kroll has added Jeffrey H. Cramer, formerly assistant United States attorney and senior litigation counsel in the Northern District of Illinois Eastern Division, in its Business Intelligence and Investigations practice as a managing director and head …
The White House is weighing sanctions targeting Iran’s dependence on gasoline imports and insurance firms that underwrite the trade, even as U.S. officials focus for now on diplomatic efforts to resolve a nuclear standoff. President Barack Obama warned Iran last …
Tropical cyclone Ketsana made landfall on Northern Luzon in the Philippines on Saturday as a tropical storm with wind speeds of around 40 mph (64 kph). Although the velocity of the wind wasn’t strong enough to cause serious damage, “the …
Fairfax/Odyssey Re Fairfax Financial Holdings Ltd. will sell $1 billion in stock to fund the purchase of the shares of Odyssey Re Holdings Corp. that it does not already own. Fairfax reduced its stake in the reinsurer a few years …
President Barack Obama said Sunday he would push world leaders this week for a reshaping of the global economy in response to the deepest financial crisis in decades. In Europe, officials kept up pressure for a deal to curb bankers’ …
In a move widely supported by industry advocates, the New York State Insurance Department has approved new rules that would make it quicker and easier for to write some categories of higher-risk insurance that are typically placed in the excess …
