Insight: Life insurers overestimate America’s finances intended to help housing

New York, Dec. 5, 2010 (AFP) – Major life insurers are getting less funding from the U.S. government-backed financial system, raising billions of dollars to help increase affordable housing, according to interviews with industry executives and regulators. Descriptions show. When the Federal Home Loan Banks (FHLBs) were created in 1932 to provide financial support to … Read more

Home investors have rejected a $10.6 billion bid for Brookfield, with the company open to other funding.

In this photo taken on January 17, 2023, a small windmill, solar panel and electricity poles are seen in front of the Brookfield Renewables logo. REUTERS/Dado Ruvic/Illustration licensed The purchase offer could not reach the 75% limit He said Australia received the Super Vote. SYDNEY, Dec 4 (Reuters) – Brookfield will walk away from Origin … Read more

Special: Congo’s Gecamines for copper, to push the cobalt trade share

Supporters of the Union for Democracy and Social Development (UDPS) gather to attend the launch of the first day of campaigning for the December 20 presidential election by their leader Felix Tshisekedi in Kinshasa, Democratic Republic of Congo, November 19, 2023. REUTERS/Benoit Nyemba acquired licensing rights Congo dares to join forces with China’s CMOC Gecamines … Read more

Morning auction: Financial conditions are resolved again

Commuters walk past an electric meter that displays the Japanese yen exchange rate against the US dollar outside a broker in Tokyo, Japan on October 4, 2023. REUTERS/Issei Kato/File Photo License Rights Nov 29 (Reuters) – A look at the day in Asian markets. Interest rate decisions and guidance from New Zealand and Thailand and … Read more

The CEO of GM Cruise’s robo-taxi division has resigned amid a US security review

November 19, 2011 Kyle Vogt, CEO of General Motors’ robot taxi division Cruise, announced his resignation a day after apologizing to employees while the company conducts a safety review of its US fleet. Vogt, 38, offered little in the way of explanation, simply saying, “I have resigned,” he told Reuters in an email to staff … Read more

Exclusive: GM Cruise CEO Apologizes, Allows Stock Sales

The Cruze self-driving car, owned by General Motors Corp., is seen outside the company’s headquarters in San Francisco, where it conducts most of its testing, in this Sept. 26, 2018, photo taken in California, U.S. REUTERS/Heather Somerville/File photo obtained license rights SAN FRANCISCO, Nov 18, 2011 (FBC) – The CEO of General Motors’ Cruze has … Read more

At APEC, Biden talks about workers’ rights, stable China relations

San Francisco, November 16, 2011 (FBC) US President Joe Biden said he will continue to work to advance the Pacific trade deal despite his vision for a regional agreement to counter China’s influence in negotiations to strengthen workers’ rights. “Our work is not done yet,” said corporate CEOs in San Francisco, where they attended the … Read more

EXCLUSIVE: Cigna Investigates Medicare Advantage Business – Sources Shedding

A Cigna sign is seen at a healthcare facility in Queens, New York City, US, November 30, 2021. REUTERS/Andrew Kelly/File photo obtained license rights NEW YORK, Nov. 6, 2011 (FBC) — US health insurer Cigna Group ( CI.N ) is exploring the sale of its Medicare Advantage business, which manages government health insurance for people … Read more

EXCLUSIVE: Venezuela targets oilfield companies to boost production after sanctions relief.

A tank and oil pump jack at state oil company PDVSA’s facility is seen in Lagunillas, Venezuela on Oct. 14, 2022. REUTERS/Issac Urrutia/File Photo License Rights Caracas/Houston November 6, 2011 Venezuela’s state-owned PDVSA is in talks with local and foreign oil companies to hire equipment and services to revive depressed production, sources close to the … Read more

China bans new offshore brokerage accounts to prevent ‘circumvention’ of forex controls

A man stands near a screen showing news footage of Chinese President Xi Jinping at the China Securities Regulatory Commission (CSRC) building on Financial Street in Beijing, China July 9, 2021. REUTERS/Tingshu Wang/File Photo Acquire Licensing Rights HONG KONG, Oct 12 (Reuters) – China has for the first time issued a notice banning domestic brokers … Read more