Global Economy
Malaysia’s Shariah Scholars Face Jail for Bank, Insurer Breaches
The Malaysian law that exposes Shariah scholars to jail terms for rule breaches will ensure tighter compliance, in a market where the regulator has already made progress in unifying standards. Under ...
Obamacare, Tepid U.S. Growth Fuel Part-Time Hiring
U.S. businesses are hiring at a robust rate. The only problem is that three out of four of the nearly 1 million hires this year are part-time and many of the jobs are low-paid. Faltering economic ...
Brazilian Insurer’s IPO, World’s Largest, Beating All Peers, Still Rallying
BB Seguridade SA, the Brazilian insurer that held the world's largest initial public offering this year, is outperforming every other IPO from an emerging- market financial company this year. The ...
Allianz Mulls Carbon Credit Expansion After Indonesia Investment
Allianz SE, Europe's largest insurer, is considering expanding its business of buying carbon emission credits after getting enough of the certificates from a project in Indonesia to help offset its ...
Most Insurers Expect to Boost Revenues, Add Jobs in Next 12 Months: Survey
The majority of property/casualty insurers are expecting to hire more staff over the next 12 months, according to a survey from insurance recruiting firm The Jacobson Group and consulting firm Ward ...QBE Profit Plunges 37%; CEO Neal Targets Costs
QBE Insurance Group Ltd., Australia's largest insurer by market value, fell the most in nine months in Sydney trading after reporting a 37 percent drop in first-half net income. QBE shares were 8.3 ...
Lloyd’s Insurers Face More Bond Losses on Fed Reserve Tapering
Insurers in the Lloyd's of London market, sideswiped by the Federal Reserve's plan to scale back debt purchases, may face more losses as rising Treasury yields erode the value of their short-term ...
Blackstone in Talks to Buy Stake in Goldman’s U.K. Insurer: Source
Blackstone Group LP, the world's biggest private-equity firm, is in talks to buy a stake in Goldman Sachs Group Inc.'s European insurance business, according to a person with direct knowledge of the ...