South African Retailer Steinhoff to Sell Assets After $7B Accounting Fraud August 13, 2019 Scandal-hit South African retailer Steinhoff said on Tuesday its only hope for survival is to sell off assets to become...
Hong Kong Plunging into ‘Panic and Chaos,’ Says Leader, as Protests Continue August 13, 2019 By Felix Tam and Brenda Goh Flights leaving Hong Kong were disrupted for a second day on Tuesday, plunging the former British colony deeper into turmoil...
Canada’s Desjardins Reports Costs of $53M Related to Data Breach August 13, 2019 Canadian lender Desjardins Group said on Monday it spent C$70 million ($53 million) in the second quarter related to a...
Private Equity Firm JC Flowers Kept Stake in Japan’s Shinsei Bank Too Long: Opinion August 13, 2019 By Nisha Gopalan, Bloomberg Opinion Japan’s banking sector has become a dead zone for private equity. Yet even then, the latest attempt by J. Christopher...
BHSI Enhances Executive First D&O Liability Insurance in Asia August 13, 2019 Berkshire Hathaway Specialty Insurance (BHSI) announced that it has enhanced its Asia Executive FirstDirectors & Officers (D&O) Liability Insurance to...
Lloyd’s, London Market Insurers Surpass Q2 Electronic Placing Targets August 12, 2019 More than half of in-scope market risks were placed electronically in the London and Lloyd’s markets during the second quarter,...
Property Loss Estimate for Australia’s Townsville Floods Rises to A$1.22B: PERILS August 12, 2019 The property insurance market loss from the Australia’s Townsville floods, which affected northern Queensland, Australia, between Jan. 26 and Feb....
EU Fights Spread of African Swine Fever with 10 Countries Now Affected August 12, 2019 By Daphne Psaledakis The European Union faces an urgent challenge in tackling an outbreak of African swine fever which threatens Bulgaria’s pig breeding...
Germany’s Forests Damaged by Droughts and Wildfires, Stoking Climate Debate August 12, 2019 By Frank Jordans Germany’s forests – long a source of pride and national identity – are feeling the heat. A second consecutive year...
Typhoon Lekima Roars Through Eastern China, Killing at Least 32 August 12, 2019 The death toll from a typhoon in eastern China rose to 32 on Sunday, with 16 people missing, state broadcaster...