Investment Risk News
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Guggenheim Partners LLC and Apollo Global Management LLC are among firms subpoenaed by New York’s financial watchdog in a probe of risk tied to investment-company ownership of insurers, said a person familiar with the inquiry.
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Envoys at United Nations global warming talks are considering whether to adopt a target for carbon emissions around 2050 as they struggle to work toward a deal to limit climate change that they aim to agree on in 2015.
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Billionaire John Paulson’s Bermuda venture, which positions its owners to avoid taxes on hedge fund earnings by routing money through a reinsurer, sold about 3 percent as much coverage as competitors in its first year.
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European Union nations must resume talks on a draft law to overhaul the bloc’s financial market rules, after ambassadors failed to resolve a clash between the U.K. and Germany on competition in derivatives clearing.
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New York’s financial regulator is scrutinizing what he called the “troubling role” of private equity firms as they expand into the insurance industry through acquisitions, according to a speech today.
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The head of Denmark’s biggest pension fund warned that Europe is showing few signs of emerging from its crisis.
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China Petroleum & Chemical Corp., Asia’s biggest refiner, expects more asset deals with its parent after creating a $3 billion joint venture to replace dwindling reserves with oilfields in Kazakhstan, Colombia and Russia.
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Aflac Inc., the largest seller of supplemental health insurance, was downgraded by Moody’s Investors Service after losses tied to holdings in banks from Greece, Portugal and Ireland.
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Chancellor Angela Merkel is losing support from her two biggest allies in the utilities industry as their mounting debt prompts a retreat from renewable-power expansion, undermining her $700 billion program to reshape Germany’s energy market.
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Russia’s dividend yields are soaring to a four-year high as companies from OAO Surgutneftegas to OAO Lukoil bolster cash payouts to entice investors to the cheapest stocks among emerging markets.
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