Grieving relatives collected the victims’ remains from a crashed Indian plane and investigators sifted through the rubble Sunday for the cockpit voice and the flight data recorder after India’s worst air disaster in more than a decade killed 158 people. …
To its admirers, India’s ruling coalition has had a good year — sound fiscal policy to stave off a ruinous global credit crisis, fast growth and some tentative steps toward reforms. Those are likely to be stressed by Prime Minister …
British insurer Prudential launched its long-awaited $21 billion cash call and a delayed offensive to woo wary shareholders to back its takeover of rival AIG’s Asian unit. The UK’s Financial Services Authority forced the country’s largest insurer to revise its …
Veteran Costa Rican climate diplomat Christiana Figueres is set to be appointed as the new United Nations climate chief, sources familiar with the matter said on Monday. The sources said U.N. Secretary-General Ban Ki-moon had chosen Figueres over former South …
The UK’s Prudential Plc is expected to outline divestments of some Asian assets in its upcoming rights offering prospectus in an effort to appease shareholder concerns about its planned AIA acquisition, a source familiar with the process told Reuters on …
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 …
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 …
A new report in Lloyd’s “360” series examines the threats posed to business as a result of the increasing scarcity of water. According to the report, Global water scarcity: risks and challenges for business, prepared in cooperation with the conservation …
Saudi Arabia’s insurance industry is poised for growth in the coming years if customers overcome misgivings about compliance with Islamic law and companies consolidate to gain critical mass. The world’s top oil exporter is one of the least-insured countries and …
A major earthquake of 7.8 magnitude shook the northwestern coast of the Indonesian island of Sumatra, the U.S. Geological Survey said on Tuesday. A local tsunami watch was in effect for Indonesia, the Pacific Tsunami Warning Center said. “A destructive …
