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July 1, 2022

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In ‘miracle’ city Shenzhen, fears for China’s economic future

Reuters
SHENZHEN, China, June 13 (Reuters) – (This June 12 story has been refiled to clarify location in penultimate paragraph) David Fong made his way from a poor village in central China to the southern boomtown of Shenzhen as a young man in 1997. Over the next 25 years he worked......

Generali posts smaller-than-expected net profit drop after Russia impairments

Reuters
The emblem of Italy’s insurer Assicurazioni Generali is pictured in Rome, May 13, 2013. REUTERS/Stefano Rellandini Register now for FREE unlimited access to Reuters.com Register MILAN, May 19 (Reuters) – Italy’s top insurer Assicurazioni Generali (GASI.MI) said on Thursday it posted a smaller-than-expected drop in Q1 net profit after impairments......

Sliding pound supports FTSE 100 after BoE flags recession risk

Reuters
A man walks past the Bank of England (BoE) in London, Britain, December 16, 2021. REUTERS/Toby Melville Register now for FREE unlimited access to Reuters.com Register Bank of England raises rate to 1%, flags recession risk Shell up after oil major posts record quarterly profit FTSE 100 up 0.1%, FTSE......

HSBC shares edge up after top shareholder urges bank’s break-up

Reuters
SINGAPORE, May 3 (Reuters) – Shares in HSBC Holdings rose in Hong Kong trade on Tuesday after its largest shareholder, Chinese insurance giant Ping An (601318.SS), called for a break-up of the London-headquartered bank. Sources familiar with the situation said on Friday Ping An had urged HSBC to look at......

Amazon to reimburse U.S. employees who travel for abortions, other treatments

Reuters
The Amazon logo is displayed on a sign outside the company’s LDJ5 sortation center, as employees begin voting to unionize a second warehouse in the Staten Island borough of New York City, U.S. April 25, 2022. REUTERS/Brendan McDermid. Register now for FREE unlimited access to Reuters.com Register May 2 (Reuters)......

Generali shareholders urged to back CEO reappointment

Reuters
The logo of insurance company Generali is seen on the company headquarters in Budapest, Hungary, November 29, 2019. Picture taken November 29, 2019. REUTERS/Tamas Kaszas/File Photo Register now for FREE unlimited access to Reuters.com Register MILAN, April 9 (Reuters) – Leading investor advisers have recommended shareholders at Generali (GASI.MI) back......

British insurer Aviva becomes second FTSE firm with female CEO, CFO

Reuters
The Aviva logo sits outside the company head office in the city of London, Britain March 7, 2019. REUTERS/Simon Dawson Register now for FREE unlimited access to Reuters.com Register Aviva names Charlotte Jones as CFO Second FTSE 100 firm after Natwest to have women CEO, CFO Jones will replace Jason......

Generali’s leadership challengers pledge higher growth, bigger M&A

Reuters
A woman holds an umbrella as she arrives at the Italian insurance company Generali shareholders meeting in Trieste, Italy, April 27, 2017. REUTERS/Remo Casilli Register now for FREE unlimited access to Reuters.com Register Challengers for top jobs set out their plans Aim to cut costs to boost EPS, more cash......

UniCredit, BNP Paribas detail hefty Russia exposures as markets rebound

Reuters
A UniCredit logo is sen in downtown Rome, May 10, 2016. REUTERS/Tony Gentile/ Register now for FREE unlimited access to Reuters.com Register UniCredit, BNP detail multi-billion euro Russia exposures BNP cuts Russia-based staff from IT, bolsters cyber defences S&P Global latest to suspend commercial operations in Russia European bank stocks......

India’s LIC gets market regulator nod for mega IPO – source

Reuters
Life Insurance Corporation of India (LIC) logo is seen displayed on a smartphone in this illustration taken February 20, 2022. REUTERS/Dado Ruvic Register now for FREE unlimited access to Reuters.com Register SYDNEY, March 9 (Reuters) – India’s market regulator has approved state-owned Life Insurance Corp’s (LIC) initial public offering worth......

Italy’s Generali to pull out of Russia as Intesa reviews business

Reuters
MILAN, March 3 (Reuters) – Leading Italian insurer Generali said on Thursday it was pulling out of Russia after Moscow’s invasion of Ukraine, while Intesa Sanpaolo, Italy’s biggest bank, is reviewing its presence there. Generali (GASI.MI) said that it would be closing its Moscow office and would wind down its......

MetLife explores sale of variable annuity business – sources

Reuters
NEW YORK, Feb 11 (Reuters) – MetLife Inc (MET.N) is exploring the divestment of its U.S. variable annuity book as it seeks to free up resources to invest in higher-growth parts of its business, people familiar with the matter said. The New York-based insurer is working with an investment bank......

Upbeat Zurich Insurance lands highest profit since financial crisis

Reuters
The logo of Zurich Insurance is seen in Davos, Switzerland Januar 20, 2020. REUTERS/Arnd Wiegmann Register now for FREE unlimited access to Reuters.com Register Operating profit $5.7 bln Interest in German life back books -CEO Shares little changed LONDON, Feb 10 (Reuters) – Zurich Insurance (ZURN.S) expects continued revenue and......

Manulife and Sun Life earnings rise on asset management growth

Reuters
The Sun Life Financial logo is seen at their corporate headquarters of One York Street in Toronto, Ontario, Canada, February 11, 2019. REUTERS/Chris Helgren Register now for FREE unlimited access to Reuters.com Register Feb 9 (Reuters) – Canadian insurers Manulife Financial and Sun Life Financial (SLF.TO) narrowly beat quarterly earnings......

DBS buys Citi’s Taiwan retail unit to bulk up regional presence

Reuters
FILE PHOTO: A view of the exterior of the Citibank corporate headquarters in New York, New York, U.S. May 20, 2015. REUTERS/Mike Segar/File Photo/File Photo Register now for FREE unlimited access to Reuters.com Register DBS to pay $707 million for Citi’s Taiwan consumer business Transaction will make DBS biggest foreign......

Biogen shares slide as Medicare proposal restricts coverage of Alzheimer’s treatments

Reuters
A sign marks a Biogen facility in Cambridge, Massachusetts, U.S. January 26, 2017. REUTERS/Brian Snyder Register now for FREE unlimited access to Reuters.com Register Jan 12 (Reuters) – The U.S. Medicare program’s proposal to severely limit coverage of new Alzheimer’s treatments including Biogen’s Aduhelm threatens to hurt sales of the......

IGM Financial unit to double stake in ChinaAMC for $901 mln

Reuters
Jan 5 (Reuters) – Canadian asset management firm IGM Financial Inc (IGM.TO) said on Wednesday its subsidiary Mackenzie Financial Corp will acquire a 13.9% stake in China Asset Management Co in a C$1.15 billion ($900.55 million) cash deal. Mackenzie, which will buy the stake from Power Corporation of Canada (PCC)......

To fight Omicron, Biden adds travel rules, free at-home COVID tests

Reuters
WASHINGTON, Dec 2 (Reuters) – U.S. President Joe Biden on Thursday laid out his strategy to fight the Omicron and Delta coronavirus variants over the winter, including free and insurer-funded at-home COVID-19 testing and new requirements for international travelers. The U.S. government will require private health insurers to reimburse their......

No stranger to turmoil, Dutch dealmaker Wynaendts set for Deutsche chair

Reuters
The headquarters of Germany’s Deutsche Bank are pictured in Frankfurt, Germany, September 21, 2020. REUTERS/Ralph Orlowski/File Photo Register now for FREE unlimited access to reuters.com Register Alexander Wynaendts oversaw bailout and deals as Aegon CEO Takes helm at crucial time for Germany’s largest lender FRANKFURT, Nov 20 (Reuters) – As......

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