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News

14 Feb Insurer Lancashire warns of tough year ahead, swings to loss

Posted at 07:26h in News by KMFSLLP 0 Comments

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Feb 15 (Reuters) - Property and casualty insurer Lancashire Holdings Ltd forecast that 2018 would be another challenging year for the industry, and swung to a full-year loss as it weathered the costliest year ever for insurers and reinsurers due to natural catastrophes.

14 Feb UPDATE 1-Aegon earnings jump in fourth quarter, sees boost from U.S. tax cut

Posted at 07:24h in News by KMFSLLP 0 Comments

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AMSTERDAM, Feb 15 (Reuters) - Dutch insurer Aegon NV on Thursday reported a doubling of quarterly net income to 986 million euros ($1.2 billion) and raised estimates for future earnings, thanks to a corporate tax cut in the United States where it does around 60 percent of its business.

14 Feb UPDATE 2-Australia’s Suncorp H1 profit hit by hailstorm, surprise spike in costs

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* CEO upbeat about prospects for next financial year (Recasts, adds analyst and CEO comment)

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14 Feb Australia shares higher on resources boost; NZ flat

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Feb 15 (Reuters) - Australian shares rose over 1 percent on Thursday, shrugging off higher than expected U.S. inflation data and boosted by gains in top resources stocks.

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14 Feb Aegon reports Q4 earnings above analysts’ expectations

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AMSTERDAM, Feb 15 (Reuters) - Dutch insurer Aegon NV on Thursday reported better-than-expected earnings of 525 million euros ($654 million) for the fourth quarter, helped by cost cutting and higher fee revenues.

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14 Feb RPT-Hedge fund Bridgewater makes $22 bln bet against European firms

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LONDON/FRANKFURT/NEW YORK, Feb 14 (Reuters) - Bridgewater has shown its hand in Europe with a $22 billion bet against some of the continent's biggest companies, filings reviewed by Reuters show, part of a bigger shift by the world's largest hedge fund manager.

14 Feb RPT-FACTBOX-Bridgewater’s $22 billion short bet against Europe

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(Repeats from FEB 14, no changes to text) Feb 14 (Reuters) - The world's largest hedge fund manager Bridgewater Associates has built a $21.83 billion short position in European companies, including heavyweights such as Unilever , Siemens AG, Total SA, Allianz SE, among others. ...

14 Feb India’s Axis Bank says has sold transactions guaranteed by PNB

Posted at 05:40h in News by KMFSLLP 0 Comments

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MUMBAI, Feb 15 (Reuters) - India's Axis Bank said on Thursday that it had dealt in transactions that had been guaranteed with letters of undertaking from Punjab National Bank , but it had since sold those transactions.