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04 May UPDATE 1-Canada’s Sun Life sees challenging year for insurers; profit beats estimates

Posted at 23:29h in News by KMFSLLP 0 Comments

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Life insurers face a challenging year as rising unemployment from the coronavirus pandemic reduces group benefit and retirement plan enrollment, and market declines and credit deterioration weigh on asset-management earnings, Sun Life Financial Inc's CEO said on Tuesday.

04 May Singapore’s United Overseas Bank Q1 net profit falls 19%

Posted at 23:27h in News by KMFSLLP 0 Comments

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Singapore's United Overseas Bank reported a smaller-than-expected 19% drop in first-quarter net profit, but it increased impairment charges in a worsening macro economic environment due to the coronavirus outbreak.

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04 May Coronavirus: US deaths spike as fatalities spread outside NY — as it happened

Posted at 22:42h in News by KMFSLLP 0 Comments

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04 May Allstate will likely grant another auto insurance rebate as pandemic cuts driving – CEO

Posted at 22:38h in News by KMFSLLP 0 Comments

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Insurer Allstate Corp. will likely grant an additional rebate to auto insurance customers due to reduced driving during the coronavirus outbreak, Chief Executive Officer Tom Wilson said in an interview on Tuesday. (Reporting by Suzanne Barlyn Editing by Chris Reese)

04 May UPDATE 1-Western Union expects second quarter to be its weakest in 2020

Posted at 22:32h in News by KMFSLLP 0 Comments

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Western Union Co, the world's largest money transfer firm, expects the second quarter to be its weakest in 2020 in terms of revenue and profit margins and is confident of improvement as COVID-19-related lockdowns ease, its chief financial officer said on Tuesday.

04 May DoubleLine Capital’s Sherman says markets are a bit too optimistic

Posted at 22:26h in News by KMFSLLP 0 Comments

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Markets are being a bit optimistic in expecting a quick recovery from the economic hit from the coronavirus outbreak and the resultant voluntary shutdowns, DoubleLine Capital deputy chief investment officer Jeffrey Sherman said on Tuesday.

04 May UPDATE 1-Wells Fargo gets federal inquiries over handling of PPP loans

Posted at 21:55h in News by KMFSLLP 0 Comments

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U.S. agencies are probing Wells Fargo & Co's handling of the Paycheck Protection Program (PPP) for coronavirus relief, the country's fourth largest lender said on Tuesday.

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04 May Canadian insurer Sun Life underlying profit beats analyst estimates

Posted at 21:46h in News by KMFSLLP 0 Comments

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Canadian insurer Sun Life Financial beat analyst estimates for first-quarter underlying profit on Tuesday, driven in part by higher investing activity in Canada and the United States, although its bottom line was hit by market declines.

04 May Euro divisions may again impede a crisis response -Fed’s Bullard

Posted at 21:38h in News by KMFSLLP 0 Comments

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As the U.S. economy began crawling out of recession in 2009, policymakers got a rude surprise: a new round of intensifying problems in Europe threatened to break up the euro zone currency union and weighed on hopes of a faster global recovery for years to come.

04 May UPDATE 3-Airbnb cuts 1,900 jobs as coronavirus hits home rentals

Posted at 21:38h in News by KMFSLLP 0 Comments

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Airbnb Inc is laying off 25% of its workforce, or nearly 1,900 employees, the home rental startup said on Tuesday, as the COVID-19 pandemic brings global travel to a near standstill. "Airbnb's business has been hit hard, with revenue this year forecasted to be less than half of what we...

News

04 May UPDATE 1-Canada’s Sun Life sees challenging year for insurers; profit beats estimates

04 May Singapore’s United Overseas Bank Q1 net profit falls 19%

04 May Coronavirus: US deaths spike as fatalities spread outside NY — as it happened

04 May Allstate will likely grant another auto insurance rebate as pandemic cuts driving – CEO

04 May UPDATE 1-Western Union expects second quarter to be its weakest in 2020

04 May DoubleLine Capital’s Sherman says markets are a bit too optimistic

04 May UPDATE 1-Wells Fargo gets federal inquiries over handling of PPP loans

04 May Canadian insurer Sun Life underlying profit beats analyst estimates

04 May Euro divisions may again impede a crisis response -Fed’s Bullard

04 May UPDATE 3-Airbnb cuts 1,900 jobs as coronavirus hits home rentals

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