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China’s Anbang insurance to acquire US insurer Fidelity & Guaranty Life in a $1.6 B deal

China insurance group Anbang will acquire US insurance provider Fidelity & Guaranty Life. The $1.57 billion deal aimed to expand China insurance in the global market.

Nov 10, 2015 3:13 AM EST


Banana Republic sales drop hits Gap Inc's stock on Wall Street

The US-based clothing retailer Gap Inc shares turned volatile following the sales drop in its brands the Banana Republic and Gap. In addition to a weaker forecast of earnings, a lower than previously predicted, have dampened the business confidence and put more pressure on the stock.

Nov 10, 2015 3:07 AM EST


Ford to invest $9B in US plants

Ford has reached an agreement with United Auto Workers (UAW). As part of the agreement with the labor union, Ford is investing $9billion in US plants. Ford will develop new models and relaunch Ford Bronco and support Ford Ranger as well.

Nov 10, 2015 3:03 AM EST


“Bank of Mom and Dad” offers solution for millennials to buy a home

The millennial generation might found its hard to start buying a home. But the "Bank of Mom and Dad" can be the preferable solution for millennials to own a home instead of traditional banks.

Nov 10, 2015 3:01 AM EST


Markets upbeat on Monte Paschi bank's higher capital

The common equity tier-I ratio of Italian bank Banca Monte dei Paschi di Siena SpA rose to 11.7 percent from 10.7 percent. The derivatives transaction with Nomura Holdings was the prime reason for surge in bank's capital.

Nov 10, 2015 2:53 AM EST


Investcorp buys hedge fund of SSARIS

Bahrain-based Investcorp Bank has bought hedge fund business of the US-based SSARIS Advisors. With the acquisition, Investcorp aims to double its assets under management over next seven years. The Bahrain's bank will also get clients from the US, Asia and European markets.

Nov 10, 2015 2:13 AM EST


Boeing, Tata team up to make Apache fuselages in India

Boeing and Tata group firm forged an alliance by setting up a joint venture (JV) for manufacturing fuselages for AH-64 Apache attack helicopters in India. The growth potential in Indian aviation sector is attracting global majors. The JV will set up center of excellence (CoE) and initially make aero structures for AH-64 helicotpers.

Nov 10, 2015 12:37 AM EST


The new accurate way to measure the world’s wealthiest countries

New World Wealth reported the lists of wealthiest countries in the world using its new method which is said to be more accurate than commonly used GDP method.

Nov 10, 2015 12:35 AM EST


Recovery in Greek economy likely in 2016; 2.7% GDP growth in 2017

Crisis-hit Greece economy is expected to witness recovery next year and a possible GDP growth rate of 2.7% in 2017, according to the latest report from IMF.

Nov 10, 2015 12:30 AM EST


UK parents want to keep Santa Claus real; hits PayPal's holiday ad

UK Parents launched an attack on a PayPal Xmas ad that suggests that kids already know their gifts come from their parents and that in turn takes away the existence of Santa Claus - and the magic of Christmas.

Nov 10, 2015 12:28 AM EST


Snapchat video reaches 6 billion views a day

Photo messaging app Snapchat said its video views has reached 6 billion counts every day. It will give a strong competition with Facebook with its 8 billion views per day.

Nov 10, 2015 12:17 AM EST


New Mazda MX-5 offers sheer enjoyment of driving

The new 2016 Mazda MX-5 has been raking in plenty of positive reviews. It was also voted by journalists as the star of the show during the current Miami auto show.

Nov 09, 2015 11:07 PM EST