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Business

EPF Q1 investment income down by 25% to RM9.66b

KUALA LUMPUR: The Employees Provident Fund (EPF) reported its net investment income of RM9.66bil, down by 25% from the RM12.88bil a year ago due to the volatility in the equities assets but cushioned by fixed income investments.

Business

AIG swings to loss, hit by catastrophes and volatile market

NEW YORK: American International Group Inc on Wednesday reported a quarterly loss as the insurer was hit with catastrophe losses and made a lower return on investments in a volatile market.

Business

AIG's transformation taking time as Q1 profit falls

CHICAGO: American International Group Inc (AIG) says it’s making progress on a turnaround, but investors aren’t seeing the payoff yet.

World

Exclusive - U.S. Republicans could target Obamacare tax in wider tax overhaul: Brady

WASHINGTON (Reuters) - Republicans will consider using planned tax reform to eliminate one of the biggest taxes in Obamacare, if the Senate fails to overturn the healthcare law, a senior Republican in the U.S. House of Representatives said on Wednesday.

World

U.S. Senate Republicans unveil new healthcare bill amid deep divisions

WASHINGTON (Reuters) - Senate Republican leaders, aiming to salvage efforts backed by President Donald Trump to dismantle the Obamacare law, on Thursday unveiled revised healthcare legislation that lets insurers sell bare-bones policies and retains key taxes on the wealthy.