Genworth Financial Inc. plans to raise as much as $700 million by selling a minority stake in its Australian mortgage guarantor, in what may be the biggest share sale in the country for more than three years.
Guardian Life Insurance Co. of America, the policyholder-owned firm founded in 1860, hired Marc Constantini as chief financial officer to replace Robert Broatch, who’s retiring.
Manabu Tsukagoshi, a Tokyo-based consultant, took a month of paternity leave after his second child was born. That prompted his stay-at-home wife to get a full-time job in the financial industry.
Sanlam Emerging Markets, a unit of South African insurance company Sanlam Ltd., said it’s buying 51 percent of Malaysia’s MCIS Zurich Insurance Berhad for about 1.25 billion rand ($118.4 million).
China’s benchmark stock index rose for the first time in four days as a rally for financial and phone companies overshadowed losses for technology shares.
CSC Nanjing Tanker Corp., the first stock set to be delisted from Shanghai’s exchange in seven years as China seeks to bolster its markets, plunged as it began its final 30 days of trading.
China’s stocks fell, sending the benchmark index to its biggest loss in five weeks, on concern new share sales will draw funds away from existing equities.
European stocks posted a weekly gain as better-than-estimated U.S. data bolstered investor confidence the economic recovery is on course, outweighing an escalation in the crisis in eastern Ukraine.
Japan’s government is seeking to reassure the world’s oldest population that sovereign debt can withstand inflation by selling more floating-rate bonds.
Gene Simmons Says Rich Should Not Feel Guilty