The fire, which may have been caused by sparklers igniting the...
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Investors face more geopolitical whiplash from Trump’s Venezuela gamble
President Donald Trump "The events are a reminder that geopolitical...
Trump’s Venezuela gambit tests investor appetite for geopolitical risk
“There should be broader geopolitical implications from this event,...
Global energy insurance market continues to soften with capacity at an all-time high: Willis
In Asia, insurance capacity from Asian-based insurers remains very strong. Over the last two years, some insurers have set up new and expanded capacity in the region due to market profitability in the downstream sector. This is coupled by an increased demand from...
Soaring civil unrest and protest activity concerns companies and insurers: Allianz
More than 80,000 incidents in top 20 countries connected to protest and riot activities around the world during 2024, Religious and politically motivated terrorism a major concern for governments and companies in the year ahead. Asia Pacific is the region with the...
RBI cuts rates by 25 bps for a second time as US tariffs add to growth risks
Sanjay Malhotra, Governor, Reserve Bank of India RBI has lowered the GDP growth forecast to 6.5 per cent from earlier projection of 6.7 per cent due to global uncertainties. The RBI lowered the inflation projection for the current fiscal to 4 per cent from 4.2 per...
India needs to keep a watch on cybersecurity, climate change and system-wide contagion risks: IMF report
IMF report suggested enhanced data coverage with better granularity for mapping climate-related financial risks in India It acknowledges India’s insurance sector is strong and growing with a significant presence in both life and general insurance. The sector has...
Boeing settles lawsuits with two 737 MAX crash victims’ families
Boeing agreed in July to plead guilty to a criminal fraud conspiracy charge and pay a fine of up to $487.2 million. A judge set a June 23 trial date if no final agreement is reached. U.S. plane maker Boeing Co reached settlements with the families of two people who...
Comments made by Warren Buffett on social media sites are false
While Berkshire didn’t describe the nature of the posts, the firm’s statement came amid circulation of an Instagram post claiming that the 94-year-old billionaire praised President Donald Trump’s economic policy. The video was posted March 13, but it circulated widely...
Global credit starts to wobble as market pain spreads
Overnight in Asia, the Markit Itraxx Asia ex-Japan index, comprising sovereign and company debt, rose about 26 basis points to its highest since August last year “If we see credit struggling, spreads widening out significantly, precious metals and other havens like...
AM Best upgrades credit ratings of FAIR Oil & Energy Insurance Syndicate
As at year-end 2024, the Syndicate consisted of 20 members from across the Africa, Middle East and Asia regions. While unique in its legal structure, the Syndicate operates like a traditional reinsurer, providing capacity and expertise to its members as well as...
Women own 39.2 pc of bank accounts in India: Govt report
Rising percentage of female-headed proprietary establishments across manufacturing, trade, and other services sectors over the years 2021-22, 2022-23 and 2023-24 has been observed NEW DELHI: Women own 39.2 per cent of bank accounts in the country and the proportion is...
FPIs pulled out Rs 10,355 cr from equities in last 4 trading sessions on US tariffs
"The potential for a full-blown trade war could have far-reaching consequences, affecting global trade and economic growth. However, the steep decline in the dollar index to 102 is seen as favourable for capital flows into emerging economies like India," VK...