World Economic Magazine

Westpac exits life insurance with $660 mln sale to Japan’s Dai-ichi

Westpac Banking Corp (WBC.AX) on Monday became the latest Australian firm to retreat from the life insurance sector, as it agreed to…

5 years ago

Chicken producer Sanderson Farms nears $4.5 bln sale to Continental Grain, Cargill – WSJ

Chicken producer Sanderson Farms Inc (SAFM.O) is in advanced talks with Cargill Inc and agricultural investment firm Continental Grain Co to sell…

5 years ago

Indian bankers in talks as court rulings threaten over $6 billion in loans

Informal talks are taking place to deal with the fall-out from two rulings by India's Supreme Court that threaten the…

5 years ago

Analysis: Where will yields go? Investors weigh U.S. jobs data against Delta fears

An unexpectedly strong jobs number for July has bolstered the case for investors who believe Treasury yields will head higher…

5 years ago

China’s export slowdown in July may signal more bumps ahead

China's export growth unexpectedly slowed in July following outbreaks of COVID-19 cases, while imports also lost momentum, pointing to a…

5 years ago

EXCLUSIVE Banker behind report alleging HSBC racism resigns over lack of support

The author of a report alleging institutional racism inside HSBC (HSBA.L) has resigned, citing frustration at its response to some of his…

5 years ago

A flying taxi is a new technological achievement!

Technology is reaching new heights, and this generation has been the most fortunate in terms of technological advancement. This generation…

5 years ago

ING reports $2.5 bln pretax profit, plans dividends and buybacks

ING Groep NV (INGA.AS) on Friday reported a better-than-expected quarterly pretax profit of 2.07 billion euros ($2.45 billion) and said…

5 years ago

Branson’s Virgin Galactic to sell space flight tickets starting at $450,000

Spaceship company Virgin Galactic (SPCE.N) said it will open ticket sales on Thursday for space flights starting at $450,000 a…

5 years ago

S&P downgrades China Evergrande again to ‘CCC’

S&P Global has downgraded the ratings of heavily indebted developer China Evergrande Group (3333.HK) and its subsidiaries, citing an escalating…

5 years ago