Hints and tips:
...SC Lowy, for instance, plans to continue participating in the offshore market for Chinese debt rather than moving onshore for now....
...In the spring of 2013, Jobs’s successor as CEO of Apple Inc., Tim Cook, decided the company needed to borrow $17 billion. Yes, borrow....
...Such firms are taking over the role that banks and insurance companies have played in recent years....
...(Financial Times) Probe finds banks manipulated Singapore’s offshore FX market: “Internal reviews by banks in Singapore have found evidence that traders colluded to manipulate rates in the offshore foreign...
...The Co-op is close to selling its life insurance business and plans to make several other divestments to cover the gap, which is the first to emerge after a regulatory review of banks’ balance sheets....
...To address that, many have gained access either by investing in structured notes or by using offshore vehicles. Either way, few managed futures funds were available prior to 2008....
...Elsewhere in the energy sector Hercules Offshore lost ground after announcing that it was under investigation by the Department of Justice and the Securities and Exchange Commission....
...Cnooc, China’s biggest offshore oil producer, jumped 2.6 per cent to HK$19.60 and China Life Insurance gained 1.9 per cent to HK$27.40, while Huadian Power International climbed 1.8 per cent to HK$1.74....
...Edward S. Norton: Mister Keyes, I was RAISED in the insurance business. Barton Keyes: Yeah, in the front office. Come now, you’ve never read an actuarial table in your life, have you?...
...In Frankfurt, financial services group Munich Re lost 1.7 per cent to €104.25 after its chief executive told a magazine that the company was thinking carefully about growth plans, adding that life insurance...
...The sale of the two companies will leave the US insurer with only life insurance business in South Korea....
...McDermott International added to the market’s gains after announcing plans to split into two publicly listed companies, separating its power generation business from its offshore oil and gas operations....
...Ping An Insurance fell 5.1 per cent to HK$54.25 on worries about its plans to buy a bank. On the mainland, the Shanghai composite index closed 0.5 per cent lower at 2,776.02 Australian shares fell....
...Pride International and Hercules Offshore lost 6.4 per cent to $17.88 and4.4 per cent to $5.50, respectively, as the broker recommended clients sell the shares....
...Under the US plan, these guarantees are likely to be provided by the Federal Deposit Insurance Corporation....
...The Virgin group plans to inject about £1bn in cash and its Virgin Money subsidiary into Northern Rock in return for a controlling stake, valuing Northern Rock shares at less than half their closing price...
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