Iran is pushing boundaries amid rising tensions in the Gulf, but President Trump has so far not been "compelled" to retaliate militarily, analysts say.World Politicsread more
The deal could be announced as soon as next week, according to the report.Technologyread more
The deal between the White House and Democrats was earlier expected to raise the debt ceiling for two years and permanently end the sequester.Politicsread more
The U.K. will find out who its next prime minister will be on Tuesday.Europe Politicsread more
UBS announced a net profit of $1.4 billion for the second quarter of 2019.Earningsread more
Two traders say Boeing's on the path to recovery.Trading Nationread more
The Trump administration on Tuesday will propose a rule to tighten food stamp restrictions that would cut about 3.1 million people from the program, U.S. Department of...Politicsread more
Japan and South Korea are part of a complex and tightly linked supply chain that produces electronic goods such as smartphones and laptops.Technologyread more
Michael Kugelman from the U.S.-based Wilson Center says other issues take precedence in the bilateral dialogue between the United States and Pakistan — namely, Afghanistan and...Asia Politicsread more
Beijing says it can still meet its 2019 growth target of between 6% and 6.5% and continues to roll out stimulus measures to prop up activity. China set a 2019 industrial...China Economyread more
A different oil pricing dynamic has been evolving with new supply calculations based on the U.S. as the world's largest producer.Market Insiderread more
German reinsurer Munich Re raised its dividend for 2014 by more than expected to 7.75 euros per share, returning surplus cash to shareholders that it did not need to pay out for big disasters.
The world's largest reinsurer said preliminary net profit for 2014 was around 3.2 billion euros ($3.6 billion), down slightly from 3.3 billion the previous year but in line with the average expectation in a Reuters poll of banks and brokerages.
Payouts for major losses fell to 1.2 billion euros from 1.7 billion the year before, but a deterioration in reinsurance market prices is making it increasingly difficult for Munich Re and peers like Swiss Re or Hannover Re to sell reinsurance cover at a price commensurate with the risk.
That trend continued in January, when Munich Re renewed more than half of its property casualty reinsurance business with insurance companies. The volume of business dropped by 9.5 percent to around 8.5 billion euros as of Jan. 1, while prices fell by 1.3 percent, Munich Re said.
"Overcapacity and a relatively low number of major natural catastrophes in 2014 added to the competitive pressure, above all in catastrophe business," said Munich Re board member Torsten Jeworrek in a statement on Thursday.
Munich Re said it did not expect the market environment for reinsurance to change substantially in the months ahead.
Reinsurers have been returning capital to shareholders that they are unable to invest in their primary business.
Munich Re's dividend hike for 2014 exceeded the highest forecast of 7.54 euros per share in the Reuters poll and was up from 7.25 euros paid for 2013.