EMERGING MARKETS

Tokio Marine to buy Delphi Financial for $2.7 bln

Tokio Marine President Shuzo Sumi
Tokio Marine said it will buy U.S. insurer Delphi Financial Group for $2.7 billion and is eyeing other acquisition targets, as Japan's No.2 property-casualty insurer looks to expand outside its mature home market and diversify geographic risks.

10 Bearish Predictions for Investors in 2012

A man stands next to a globe displaying international stock market prices at the London Stock Exchange in the City of London
At a time of daily stock-market seizures, weekly bank and sovereign debt downgrades and monthly central bank interventions, most people are seeing the glass half empty, and have forecasted bearish -- if not downright abysmal -- market conditions for next year. A look at some of the more salient predictions.
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Smaller Banks Will Do Better In This Environment: Lazard

As his peers in larger financial institutions are dealing with collapsing stock prices and laying off tens of thousands, the chief executive at boutique investment firm Lazard Ltd (NYSE:LAZ) said he believes smaller, more nimble investment banks like his are likely to benefit from trends developing on Wall Street.

Bank of Canada holds rates, cites deeper euro crisis

The Bank of Canada kept its overnight interest rate at 1 percent on Tuesday, as expected, and gave no suggestion of an impending rate cut even though its view of the European debt crisis has clearly darkened.
Europe's Stock Markets

Europe's Markets Rise After Italian Bond Auction

European shares rose on Tuesday as short-term traders helped boost the market following good demand at an Italian bond auction despite soaring borrowing costs, while BASF rose after lifting its sales target.
Wind power

Renewable Energy Becoming Cost Competitive, IEA Says

Renewable energy technology is becoming increasingly cost competitive and growth rates are in line to meet levels required of a sustainable energy future, the International Energy Agency (IEA) said in a report on Wednesday.
South Africa – Sexual Assault

South Africa passes secrets bill, media furious

South Africa's parliament passed a bill on protecting state secrets on Tuesday despite criticism at home and abroad that it harks back to apartheid legislation and makes it easier for corrupt officials to conceal graft.
An electronic board displaying movements in major indices is seen at Johannesburg stock exchange in Sandton

S.Africa stocks book biggest drop in 7 weeks

South African stocks posted their biggest one-day drop in seven weeks on Monday, tumbling 2.5 percent as concerns about debt burdens in the United States and Europe sparked a sell-off in resources firms and others sensitive to global growth.
A customer walks past a Carrefour outlet in Kuala Lumpur

Analysis: Axe Hangs over Carrefour Revamp Plan, CEO

Carrefour, the world's second-biggest retailer, must slash prices, build more convenience stores and attract online shoppers as dire economic times make the current CEO's hypermarket revival plan increasingly obsolete.
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Burberry Reports Strong First-Half Earnings

Luxury fashion house Burberry has reported consistent double digit revenue growth for the first half of the year. The growth has been reported in retail, wholesale and almost all product categories of the brand.

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