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The statement followed one from British insurer Aviva in which it said it planned to move some of the funds now run by AXA in-house, following a review of its operations after buying Friends Life earlier this year.

“Across the group it’s been a very good first half”, said Roberts, citing the higher operating profit of 904 million pounds, up from 755 million pounds a year ago and ahead of a consensus market forecast of 850 million pounds. “We have an absolute focus on...

Its shares are down 53 percent over the past year.

Meanwhile, RBI on Tuesday kept the repo rate, at which it lends to the system, unchanged at 7.25 per cent and the cash reserve ratio, which is the proportion of deposits banks have to park with the central bank, at 4 per cent. The move was predicted by 39 of 42 economists in a...

Chief executive John Borghetti has forecast a return to profit this financial year following a tumultuous period that saw a major restructuring at Virgin that included the purchase of Tiger Australia.

Initial jobless claims, a proxy for layoffs, rose by 3,000 to a seasonally adjusted 270,000 in the week ended August 1, the Labor Department said Thursday.

The three-day event is popular among South Carolina consumers because it provides a tax break as they make necessary purchases for school or college. The Tax Free Weekend also qualifies Hurricane and Emergency Preparedness Items, since hurricane season (June 1 – November....

This week, LOT Polish Airlines, one of the world’s oldest airlines still in operation, has begun accepting bitcoin payments for flight tickets.

ANZ Chief financial officer Shayne Elliott said that given the current market conditions, APRA’s timetable and the amount of capital to be raised, the bank believed a share placement provided more certainty for shareholders than other methods such as consecutive...

Santander beat competition from Wall Street firms including JPMorgan Chase & Co. and Morgan Stanley, said people familiar with the talks, and will work alongside UBS Group AG and Bank of America Corp.

NASA has been upset with Congress cutting its funds by over $300 million that has forced the US space agency to renew contract with Russian Federation to send its astronauts to the global Space Station (ISS).

The Kold machine so far has proved costly for Keurig, with chief executive Brian Kelley telling analysts on a conference call on Tuesday that the company will invest more than $100 million in its development this fiscal year. The disclosure for this purchase can be found here.

The Model X is Tesla’s very first SUV model, which the company claims will be the first electric vehicle that can tow.

Activist investor Bill Ackman is paying approximately $5.5 billion for a 7.5 percent stake in Mondelez global Inc. “However, the position was worth some $5.5 billion at Wednesday’s closing price in New York, and Ackman is likely already sitting on a sizable profit on...

Most of those on board were Chinese.