Assets & Investments
Q&A on Risks of U.S. Treasury Default
U.S. lawmakers are negotiating to raise the debt ceiling before the Treasury is expected to run out of funds, leaving the country at risk of defaulting on its debt. Below are some key questions ...
AXA Sells $474 Million of Catastrophe Bonds
AXA SA said it sold catastrophe bonds designed to protect insurers from payouts on storm damage, in the biggest transaction of the notes in euros. Europe's second-largest insurer by market value ...
Allianz CEO: Capital Rules Fuel Artificial Pricing of Bond Risk
Michael Diekmann, chief executive officer of Allianz SE, Europe's biggest insurer, said capital rules that encourage financial companies to invest in sovereign bonds are thwarting a solution to the ...
Swiss Re Buys Stake in Li’s FWD in $425 Million Asia Push
Swiss Re Ltd., the world's second- biggest reinsurer, will invest as much as $425 million in Richard Li's FWD Group as it pushes for growth in Asia. The company will buy 12.3 percent of FWD from ...
China to Allow Foreign Investors in Finance Sector to Use Yuan
China's central bank will allow foreign businesses to invest in domestic financial firms using offshore yuan funding, it said on Thursday, as part of efforts to broaden the usage of the currency in ...
Financial Regulators Discuss Debt Ceiling, Government Shutdown
U.S. financial regulators discussed the federal debt ceiling and the effect of the government shutdown on market monitoring during a phone conversation on Tuesday, a Treasury Department spokesman ...
Apollo, JC Flowers to Bid for Hartford’s Japan Unit: Reuters
Private equity firms J.C. Flowers & Co and Apollo Global Management are among a handful of companies expected to bid for Hartford Financial Services Group Inc 's Japanese annuity business, three ...
Stanford Case Triggers Supreme Court Clash Over Securities Laws
The U.S. Supreme Court debated the reach of the federal securities laws, questioning whether investors can sue law firms and outside companies for their alleged roles in R. Allen Stanford's $7 ...