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NEW YORK: General Electric Co ranks among the riskiest backers of long-term care insurance, suffering from both high exposure to claims and a relatively small cash pile to pay them, Fitch Ratings said in a report that sent GE’s shares tumbling.
NEW YORK: The S&P 500 and the Dow gained ground in a late rally on Thursday as upbeat retail sales data offset recessionary fears amid the simmering U.S.-China trade tensions.
NEW YORK: Oil prices rose about 2% to a two-week high on Tuesday on optimism the U.S. Federal Reserve will cut interest rates this week for the first time in more than 10 years, boosting demand expectations in the world's biggest oil user.
LONDON (Bloomberg): In the UK there’s old money, really old money and then there’s C. Hoare & Co. After more than three centuries of continuous operation, the family still runs the show, overseeing about 4.4 billion pounds (US$5.6bil) of deposits and sticking to a traditional way of doing business.
LONDON: Evgeny Chichvarkin has been many things over the past two decades: a bilaire mobile phone retailer, a jetsetter who plays polo with princes, a wanted man in his native Russia, a political exile. These days he’s a shopkeeper – though at the kind of venture you’d expect from a man with his resume: a store with more than US$20mil worth of wine and spirits and customers that include A-list celebs such as David Beckham and Mark Walhberg.
JAKARTA: The Indonesian stock-market slump deepened as foreign funds pulled out of the local market. With almost every other Asian market still in the green, it is now the first in Asia to lose the rally it posted earlier this year.
JAKARTA: The Indonesian stock-market slump deepened Tuesday as foreign funds pulled out of the local market. With almost every other Asian market still in the green, it is now the first in Asia to lose the rally it posted earlier this year.