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Diversified Financials Diversified Financial Services

  • FRANKFURT, April 26- Deutsche Boerse delivered a sharp rise in net profit in the first quarter and said it would buy back shares as it sought to appease disgruntled investors following its failed merger attempt with London Stock Exchange Group. "Thanks to our diversified business model and effective cost management we were able to compensate low equity market...

  • MADISON, Wis.— Wisconsin pension fund managers and those who work directly with the state's investments will receive bonuses totaling nearly $14 million this year, the highest total ever, as a reward for strong returns, the State of Wisconsin Investment Board announced Friday. The $13.8 million in bonuses was approved for 152 of 163 board employees, exceeding...

  • LONDON, April 7- Bank of England Governor Mark Carney called on Friday for Britain and the European Union to agree to recognise each others' bank rules after Brexit, to avoid a damaging hit to financial services across Europe. Below are excerpts of the speech given by Carney at Thomson Reuters in London. For a full text of the speech:...

  • TOKYO, April 1- The new head of Japan's Sumitomo Mitsui Banking Corp said it is "actively studying" an acquisition of a U.S. bank, as part of efforts to seek a reliable dollar funding source for future growth. "As we expand globally, a diversified and stable source of the world's largest hard currency is extremely important," Makoto Takashima, who was promoted from...

  • JOHANNESBURG, March 31- Brian Joffe, the founder of South Africa's Bidvest, will list a 2 billion rand investment firm, Long4Life, on the Johannesburg Securities Exchange next week, the firm said in a pre-listing statement on Friday. Joffe will provide 100 million rand of the capital himself and institutional investors will subscribe for the rest before listing...

  • *NBG earns 53 mln euros in 2016, cuts NPEs by 2.8 bln euros. ATHENS, March 30- Greek banks Alpha and National returned to profitability last year, aiming to stay the course in 2017 and further reduce their huge stock of bad loans. Alpha Bank, Greece's fourth-largest lender by assets, made a profit for the second straight quarter in the final three months of the year, as...

  • NEW YORK, March 27- Shares of U.S. hospital operators surged on Monday after Republicans' pulled their healthcare bill, preserving for now the benefits that hospitals gained under Obamacare. Shares of Medicaid- focused health insurers, such as Molina Healthcare and Centene, also jumped as the bill would have threatened the expansion of the Medicaid government...

  • In the two weeks since Republicans unveiled their plan to overhaul the law, known as Obamacare, shares of hospital operators and Medicaid- focused health insurers have struggled- with some stocks falling more than 10 percent- due to concerns the benefits the companies gained from coverage expansion will diminish. "They definitely are trading off of headlines...

  • Insurance growth in China to be double-digits: Allianz CEO

    Oliver Bäte, CEO of Allianz, says there is an increasing demand for health and life insurance in China as people begin to protect their growing wealth.

  • Congress, pushed by President-elect Donald Trump, is moving quickly to repeal the Affordable Care Act, popularly known as Obamacare. The company, which sells employer-based insurance as well as Medicare and Medicaid, has said it will pull out of Obamacare individual exchanges in 2017 because it was losing money. Shares in UnitedHealth, up nearly 14 percent...

  • The company, which sells employer-based insurance as well as Medicare and Medicaid, has said it will pull out of Obamacare individual exchanges as it is unable to make money on the plans. UnitedHealth said on Tuesday revenue in its Optum business, which manages drug benefits and offers healthcare data analytics services, rose 1.2 percent to $22.17 billion in...

  • Jan 12- Florida's insurance commissioner is allowing MetLife Inc and Unum Group boost long-term care premiums, alleviating financial stress the insurers have been facing from rising medical costs and policyholders living longer. MetLife's Florida subdivisions can increase average monthly premiums by $4 to $44 over the next three years, while two Unum...

  • Jan 12- Florida's insurance commissioner is allowing MetLife Inc and Unum Group to boost long-term care premiums, alleviating some financial stress the insurers have been facing from rising medical costs and policyholders living longer. MetLife's Florida subdivisions can increase average monthly premiums by $4 to $44 over the next three years, while two...

  • With global bond yields spiking since Trump's win, analysts at Deutsche Bank have detailed the European companies that are set to benefit.

  • MILAN/ London, Dec 6 (Reuters)- European shares rose on Tuesday for a second day with banking stocks surging to an 11- month high as investors dipped back into a beaten-down sector following Italy's constitutional referendum on the weekend. The rally was led by Italian banks, which climbed 9 percent, their biggest one-day since July, on short covering before a...

  • Dec 5- Liberty Mutual Holding Co Inc will buy Ironshore Inc, a U.S. insurer whose previous acquisition by China's Fosun International Ltd had attracted scrutiny by a U.S. national security panel, for around $3 billion. The deal, announced on Monday by Liberty Mutual, means that Fosun's $2.3 billion, two-step acquisition of Ironshore in 2005 no longer has to clear a...

  • LONDON, Dec 2- Emerging equities fell more than 1 percent on Friday and currencies weakened after strong U.S. data raised the spectre of faster U.S. Federal Reserve rate rises, while South African markets were jittery before a sovereign debt ratings review. "The risk is that a strong print in the payrolls may firm the hand of the Fed," said Cristian Maggio, head of...

  • TORONTO, Nov 18- Canada's main stock index rose on Friday, closing out a strong week with boosts from energy and banking stocks as oil prices moved higher and investors reacted to rising bond yields. The Toronto Stock Exchange's S&P/TSX composite index settled up 37.94 points, or 0.26 percent, at 14,864.03, with the energy group finishing up 1.1 percent and...

  • Nov 14- Nasdaq Inc said on Monday that its long-time chief executive Robert Greifeld would retire and that Adena Friedman, president and chief operating officer, would become CEO as of Jan. 1. Greifeld, 59, has headed the trans- Atlantic stock exchange operator since 2003 and wrote his graduate thesis on the operation of the exchange. Under Greifeld, Nasdaq grew...

  • BEIJING, Nov 6- China has set up a 10 billion euro investment fund to finance projects in Central and Eastern Europe, Industrial and Commercial Bank of China said in a statement issued on Sunday. While targeting Central and Eastern Europe, it could extend to the rest of Europe and other regions if relevant to China- Central and Eastern Europe co-operation, it said.