Global Economy
Fosun International Leader Backs China Crackdown on Outbound M&A Deals
Billionaire Guo Guangchang, whose Fosun International Ltd. is under scrutiny by Chinese authorities over its foreign mergers and acquisitions, said the government's clampdown on outbound investments ...
Nobody Is Safe: Cyber Security Firm FireEye Says Researcher Got Hacked
Cyber security firm FireEye said on Monday one of its researchers based in Israel had several of his online accounts hacked by unknown attackers, but added the breach did not appear to involve any ...
Anbang Insurance Pressured by China to Unload Overseas Assets
When Anbang Insurance Group Co. agreed to buy New York's iconic Waldorf Astoria hotel for $1.95 billion in 2014, the world took notice. It was a defining moment in the global rise of China Inc., a ...
Is AIG Investor and Trump Advisor Icahn Trying to Get ‘Too Big to Fail’ Label Removed?
Two prominent U.S. Democratic senators are raising questions about President Donald Trump's special adviser, Carl Icahn, asking in a letter on Thursday if the activist investor is attempting to ...
ILS Issuance Landed at $6.3B in Q2, a Record
Insurance-linked securities (ILS) issuance reached a record-breaking $6.3 billion in Q2 2017, continuing the trend from the first quarter of the year, according to a report by Willis Towers Watson ...
Wells Fargo Will Refund $80M to Customers Wrongly Charged for Car Loan Insurance
Wells Fargo said it would reimburse about $80 million to 570,000 customers who may have been charged wrongly due to issues related to auto collateral protection insurance (CPI) policies. Wells Fargo ...
EU Says Formal Brexit Talks Face Possible Delays; UK Disagrees
Talks between Britain and the European Union on their future relationship are now less likely to start in October, the EU's top negotiator has said, due to a lack of progress on Brexit divorce issues ...
Wells Fargo Alleges Alliant Attempted to Poach Brokers After Failed Buy Bid
Alliant Insurance Services Inc. lost its bid to buy Wells Fargo & Co.'s insurance business but sought to steal its rival's employees anyway, according to a lawsuit filed Thursday in Delaware. ...