International
China’s Ping An, Ctrip Travel to Sell Smog Insurance to Tourists
Ping An Insurance Group Co., China's second-biggest insurer, is collaborating with Ctrip.com International Ltd. to sell smog insurance to tourists traveling to Beijing and six other Chinese cities. ...
$11+ Million a Day in U.K. Flood Insurance Claims, Says ABI
Insurance claims from the recent spate of floods in the U.K. are averaging $11.18 million a day, according to the Association of British Insurers (ABI). The "wettest winter on record is likely to ...
Hartford Financial in Talks to Sell Japan Unit to Orix
Orix Corp., a Japanese finance and leasing firm, said it is in talks to buy Hartford Financial Services Group Inc.'s unit in the country. Nothing has been decided on the purchase, Tokyo-based Orix ...
Allianz in 440 Million Euros Deal for Italian Insurer P/C Book
Allianz SE, Europe's biggest insurer, agreed to buy Milano Assicurazioni SpA assets from Unipol Gruppo Finanziario SpA for 440 million euros ($612 million), the Munich-based company said. The deal ...
New York Grabs ‘Shaky’ Lead Over London As Top Financial Center
New York replaced London as the world's leading financial center for the first time, after the City was rocked by a series of scandals and questions over the U.K.'s place in the European Union. New ...
Panama Canal Expansion Consortium Sign Deal to End Dispute
A construction industry consortium led by Spain's Sacyr said in a statement on Friday that it had signed a deal late on Thursday to complete work on the multibillion-dollar project to widen the ...
Cyber Warfare Escalating Says NSA Nominee Rogers
Navy Vice Admiral Michael Rogers, nominated by President Barack Obama to be the next director of the National Security Agency, told lawmakers that cyber warfare is on the rise. Rogers said Ukraine is ...
Emerging Economies Holding Back Global Recovery: OECD
The recovery in developed economies is on track, although slowing activity in big emerging markets means global growth will be only moderate at best in the near term, the Organisation for Economic ...