LONDON: US insurance giant AIG has agreed to sell its Asian arm, AIA, to British insurer Prudential for around US$35 billion, a source close to the deal said.
American International Group (AIG), which received a huge taxpayer bailout to stave off collapse during the financial crisis, had been persuaded to let Prudential buy its Asian businesses, [...]

insurance, investments Hide

Google Inc. said it may spend as much as “hundreds of millions” of dollars on an experimental broadband service that offers Internet speeds 100 times faster than current networks.
The cost of the test project, announced this month, isn’t known and will depend on demographics, the lay of the land and the number of households that [...]

google, investments Hide

Royal Bank of Scotland’s deal for ABN Amro is acknowledged as a shocker. But is it the worst ever? Mathieu Robbins counts down the top ten bad deals.
Tuesday, 20 January 2009
Is Royal Bank of Scotland’s horrendously damaging acquisition of Dutch rival ABN Amro in 2007 the worst ever M&A deal? According to academics, it seems [...]

financial scandals, investment banks, investments, M&A Hide

The January jobs report could turn the tide for markets Friday, but traders say there’s a lingering global risk aversion that won’t easily fade away.
The government’s employment report was supposed to have been the story of the week. That was until markets around the globe started focusing on the idea that sovereign debt risk in [...]

investments, unemployment, US Hide

FRANKFURT: A European Central Bank meeting on Thursday will be dominated by concerns over debt-ridden Greece and other countries with high public deficits that have pushed the eurozone into its worst-ever crisis.
Economists polled by Dow Jones Newswires expect the ECB’s main interest rate to stay at a record low of one per cent for most [...]

debt, Euro Zone, forex, greece, Interest rates, investments Hide

International markets were supposed to be the place to make money in 2010, but so far have failed to live up to their billing.
From credit issues in Greece, Spain and Ireland to inflation fears in China, investors have been selling rather than buying when it comes to emerging and developed markets.
Despite a rough start, the [...]

forex, investments, stock market Hide

Four strategists offer their views on the key factors that will drive foreign exchange movements here in the next 12 months.
WHILE 2009 is often remembered for the unexpected economic rebound, the period also saw significantly higher volatility in the foreign exchange markets as the selldown in stocks swiftly hit the currency markets full-force.
This year, as [...]

Asian currencies, forex, Indian rupee, investments, Korean won, Philippine peso, predictions, ringgit, rupiah, Singapore dollar, Taiwan dollar Hide

Feb. 1 (Bloomberg) — Dubai Airports, the government-owned airfield operator, plans to seek approval for expansion plans costing “billions of dirham,” undeterred by the emirate’s need for a $20 billion bailout last year.
The company will make a recommendation on boosting capacity within the next few months, Chief Executive Officer Paul Griffiths said today in an interview [...]

debt, Dubai, investments Hide

Think the TARP tax rocked the market? That doesn’t compare to the next possible jolt it may get.
But don’t panic –  this jolt should be bullish and take the market higher.
Now make no mistake – this is strictly chatter from the forex markets and they’re “the Wild West,” explains top trader Brian Kelly of Kanundrum. A [...]

China, forex, inflation, Interest rates, investments, stock market Hide

Higher returns equals higher risk. It’s a basic fact of investing, yet working out just how much of a gamble you are willing to take with your cash is far harder to pin down.
The other side of the coin is when investors get so caught up chasing high returns that they ignore the risk element.
So [...]

earnings, investments, risk, Risk Management Hide