International
Swiss Execs Face Pay Actions
Swiss citizens voted on Sunday to impose some of the world's strictest controls on executive pay, forcing public companies to give shareholders a binding vote on compensation. The government said ...India Surprises With Spending Surge
India unveiled a surge in government spending on Thursday, despite expectations of an austerity budget to shore up its finances, imposing new taxes on the rich and large companies to fund a dash for ...International Insurers, Reinsurers to Shoulder Half of Sandy Losses: ABIR
International insurance and reinsurance companies are expected to cover half of total insured losses from Superstorm Sandy, an industry association said Thursday. Estimated losses from Superstorm ...Lawsuits Up, Regulatory Actions At Record Levels in 2012: Survey
International law firm Fulbright & Jaworski reports that companies in the United States and United Kingdom dealt with more litigation last year, while regulatory investigations reached a ...A.M. Best Comments On Moody’s UK Downgrade
A.M. Best Europe-Rating Services Ltd. said it "does not anticipate any impact on its ratings of insurers operating in the UK as a direct consequence of the sovereign downgrade." Best was referring to ...EU Strikes Deal To Cap Banker Bonuses
Bankers in Europe face a cap on bonuses as early as next year, following agreement in Brussels on Thursday to introduce strict new curbs. Politicians hope the move will address public anger at ...Few Insured Losses Expected From Cat 4 Cyclone In Australia: AIR Worldwide
Catastrophe modeling firm AIR Worldwide said it does not expect significant insured losses from Tropical Cyclone Rusty, which is expected to make landfall as a Category 4 storm near Port Hedland in ...Global Watchdogs Seeking Public Comment On LIBOR Fix
Global regulators will ask the public for more comments before publishing a report on how to fix financial benchmarks after the LIBOR interest-rate rigging scandal, U.S. derivatives regulators said ...