Corporate debt recently passed the $1 trillion mark in a continuing sign of global financial displacement.Marketsread more
"Federal debt, which is already high by historical standards, is on an unsustainable course," CBO director Phillip Swagel said in the report.Politicsread more
The president's remark followed a string of criticisms aimed at his predecessors, whom he claimed had ignored China's alleged malpractice on trade.Politicsread more
President Trump liked Germany's sale of no-interest, 30-year bonds Wednesday, but investors weren't so eager to buy them.Market Insiderread more
SunTrust Robinson Humphrey analysts said in a research note the "Off-Facebook Activity" feature "appears to fall somewhat short of the original pledge by CEO Zuckerberg of...Technologyread more
"If you look at the market over the past week, stocks don't need any help. They are roaring ahead, without the Fed doing anything," says the longtime market strategist.Marketsread more
Target CEO Brian Cornell still thinks the U.S. consumer is strong and spending. Target's latest quarterly results showed the big-box retailer is benefiting from that.Retailread more
Stocks rose on Wednesday as strong quarterly results from retailers such as Target and Lowe's lifted investor sentiment.US Marketsread more
President Trump insists the economy is healthy and says the only thing holding U.S. growth back is the Federal Reserve.Marketsread more
GOP donor John Childs has given over $330,000 to Republican fundraising committees since being charged with soliciting prostituion.Politicsread more
Trading volumes this week are well below recent averages, and that means this comeback may be suspect.Marketsread more
(Adds CEO comments on acquisitions)
TRIESTE, Italy, May 7 (Reuters) - Italy's biggest insurer Generali is looking at small and medium-sized insurance companies in Europe to strengthen its presence in the region, it said on Tuesday.
Generali said in November it had up to 4 billion euros ($4.5 billion) for acquisitions and growth with a focus on asset management and other higher margin businesses but Chief Executive Philippe Donnet said he did not see big mergers in Europe in the insurance sector.
"We have capital and cash for acquisitions ... we will look at opportunities in a very selective way to increase earnings per share and create value for shareholders", Donnet, who has been CEO since 2016, said at a shareholder meeting.
Generali in the past was rumoured to be a potential target for larger rivals such as French insurer Axa or Swiss Zurich Insurance.
The insurer, whose biggest shareholder is Italian financial group Mediobanca, is 28.5 percent owned by Italian investors.
Donnet, reappointed CEO on Tuesday for another three years, said small and medium insurance companies in central and eastern Europe could be targets since they were struggling with complex regulation and a need to diversify their businesses.
"Earnings from the asset management business must grow, also through acquisitions", he added.
In the past three years Generali has raised 1.5 billion euros from disposals, exiting a dozen non-strategic countries. It has also raised 1.9 billion euros from the sale of its German life insurance unit Generali Leben.
"We completed our disposals plan. Nothing else is on the table. If opportunities creating value for our shareholders arise, we will consider them", Donnet said. (Reporting by Gianluca Semeraro, editing by Maria Pia Quaglia and Emelia Sithole-Matarise)