American International Group Inc. reported a $2.7 billion quarterly loss compared to a net profit of $1.8 billion for the same quarter a year earlier. The second quarter 2010 loss was primarily due to a $3.3 billion non-cash goodwill impairment …
The United States Tuesday took steps to make it harder for Iran to skirt trade sanctions aimed at preventing nuclear proliferation, naming nearly two dozen firms in six countries as controlled by the Iranian government. U.S. law prohibits American citizens …
A militant group linked to al Qaeda said on Wednesday that a suicide bomber was responsible for a mysterious explosion on a Japanese-owned oil tanker a week ago near the Strait of Hormuz. But analysts are sceptical about the belated …
Chartis has appointed Makoto Ozeki to the newly created position of executive vice president and chief operating officer of Chartis Far East Holdings, which services Japan and Korea. Ozeki will be responsible for overseeing group business operations for Chartis’ Japan …
China is set to overtake Japan as the world’s second-largest economy in a resurgence that is changing everything from the global balance of military and financial power to how cars are designed. By some measures it has already moved to …
MetLife Inc. said it plans to sell more than $3 billion of stock to help pay for its acquisition of the foreign life insurance business of American International Group, or about 50 percent more than it originally expected. The company …
The confusion around what the owners initially called a possible “attack” on a Japanese tanker in the volatile Straits of Hormuz shows the difficulties markets and policymakers face reacting to security events offshore. As with the sinking of a South …
Aon reported net income of $153 million in the second quarter 2010, compared to $149 million for the prior year quarter. Net income from continuing operations increased 22 percent to $179 million, compared to $147 million for the prior year …
A Japanese supertanker, which triggered fears of an attack in the sensitive Strait of Hormuz oil shipping route, collided with something, possibly a submarine or mine, UAE port officials inspecting the ship said on Thursday. Damage to the massive crude …
ACE Limited reported net income for the quarter ended June 30, 2010, of $677 million, or $1.98 per share, compared with $535 million, or 1.58 per share for the same quarter last year. Income excluding net realized gains/losses, or operating …
