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Wednesday, May 16, 2012
News Making Money

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Margo Black to join Swiss Re as head of Latin American Reinsurance South, will be based in Brazil

16/05/2012 06:54 (13:39 minutes ago)

The FINANCIAL -- Swiss Re announced the appointment of Margo Black as Head of Reinsurance for Latin America South and President of Swiss Re Brasil Resseguros, S.A.1, further deepening the leadership of its Latin American operations.

Alejandro Padilla to join Swiss Re as head of Latin American Reinsurance North

14/05/2012 05:23 (2 Day 15:10 minutes ago)

The FINANCIAL -- Swiss Re announced the appointment of one of Latin America’s most seasoned insurance professionals to lead its drive for reinsurance growth in the high-potential markets of Latin America.

ING reaction to announcement of European Commission

14/05/2012 05:21 (2 Day 15:12 minutes ago)

ThE FINANCIAL -- ING has taken notice of the European Commission decision to appeal the General Court judgment of 2 March 2012 that partially annulled the EC decision regarding ING’s restructuring plan.

Zurich reports very strong results with continued progress on strategic targets

12/05/2012 03:11 (4 Day 17:22 minutes ago)

The FINANCIAL -- Zurich Insurance Group reported a business operating profit of USD 1.4 billion and net income after tax1 of USD 1.1 billion for the three months ended March 31, 2012.

Food security

12/05/2012 03:10 (4 Day 17:23 minutes ago)

The FINANCIAL -- Allianz is active in many areas to secure the supply of food worldwide. Its commitments include innovative insurance solutions and early-warning technology in countries where agriculture is especially important.

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Banks
World Bank to Help Zesco Improve its Power Transmission in Southern Province

16/05/2012 02:26 (18:07 minutes ago)

The FINANCIAL -- The World Bank Board of Directors approved a US$60 million IDA credit to reinforce the existing electricity transmission network and increase Zesco’s power transfer capacity to Kafue town and the Southern Province.

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Politics
Czech lawmaker charged over 'shoebox' bribe

16/05/2012 06:58 (13:35 minutes ago)

The FINANCIAL -- Czech police have charged an opposition leftist lawmaker with abuse of EU funds, a prosecutor said Tuesday, after he was nabbed with over a quarter million euros reportedly stashed in a shoebox.

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Markets
NYSE Euronext and China Financial Futures Exchange Sign Memorandum of Understanding

16/05/2012 06:00 (14:33 minutes ago)

The FINANCIAL -- NYSE Euronext and the China Financial Futures Exchange signed a Memorandum of Understanding to promote a bilateral partnership to support the development of the exchanges futures and options markets.







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