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...A version of this article was first published by the Nikkei Asian Review on April 20, 2018. ©2018 Nikkei Inc. All rights reserved....
...Earlier on Thursday, it emerged the retail giant had received wholesale licenses from at least 12 US state pharmacy boards....
...It has shut down one of its main engineering sites, making about 40 staff redundant, and put the V-Charge on ice....
...In financial services, there was growth for insurance companies such as China Life and Ping An, and payments companies including PayPal and Visa....
...Top shareholdings: Resolute Forest Products; Dex Media; Cooper Tire & Rubber Company; IBM; Merck & Co; New York Times. Portfolio Value: $2.5bn....
...But that hasn’t been easy, as shown by the recent failure of KB Financial Group to buy ING’s insurance business and Woori Financial Group’s hefty losses from derivatives investments....
...China Life, the world‘s biggest insurer by market value, unveiled a 28 per cent drop in first-half profits as investment returns were dented by market fluctuations....
...buoyed by easing fears over a Greek debt default: Australia’s Macquarie Group surged 3.5 per cent in Sydney, Mitsubishi UFJ Financial Group, Japan’s largest publicly traded lender, rose 1.5 per cent, and KB...
...Lloyds can therefore look at releasing value from Scottish Widows, analyst Robert Law argued....
...BP was Friday’s sharpest blue-chip faller amid hurricane worries and as the cost of default insurance hit a record high, forcing the company to deny talk that it might file for US bankruptcy protection....
...He estimated the value of the two units at between Won500bn and Won1,000bn....
...RSA Insurance was up 0.9 per cent to 129p and Admiral gained 0.4 per cent to £11.26....
...In South Korea, KB Financial, which owns Kookmin Bank, fell 4.7 per cent to Won43,800....
...available at www.create-research.co.uk...
...He duly prepared a furious statement on behalf of the Wholesale Market Brokers’ Association, a lobbying group he leads....
...ICICI’s managing director, K V Kamath, called the rumours “baseless and malicious”....
...But extra capital will not, in itself, stimulate lending unless governments simultaneously take steps to restart the wholesale lending markets....
...The Virgin consortium includes heavyweights such as AIG, the world’s largest insurance company and Wilbur Ross, the veteran distressed debt investor....
...and wholesale loan growth....
...new environmental rules introduced this month which removed insurance protection for MTBE producers....
...Greenberg represented C.V. Starr & Co. High hopes Could it be third time lucky for King Win Laurel?...
...CSFB said the owner of British Gas, the UK’s incumbent gas supplier, will be hurt by persistently high wholesale prices....
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