Insurance Australia Group Limited (IAG) is engaged in underwriting of general insurance and related corporate services, and investing activities. The Company operates in six segments. Australia direct insurance, Australia intermediated insurance (CGU), New Zealand insurance, United Kingdom insurance, Asia insurance, and Corporate and other. Australia direct insurance comprises insurance products distributed through a network of branches, franchises and country service centers throughout Australia. Australia intermediated insurance comprises insurance products primarily sold under the CGU and Swann insurance brands through insurance brokers, authorized representatives and distribution partners. New Zealand insurance comprises the general insurance business underwritten through subsidiaries in New Zealand. United Kingdom insurance comprises the general insurance underwriting and broker distribution services operating through subsidiaries in the United Kingdom.

Central Bank Gold Demand To Hit Highest Level Since 1964

Demand for gold by central banks and official sector institutions were more than double the level reported a year ago, as emerging market central banks continue to gobble up gold due to concerns about fiat currencies, such as the U.S. dollar and especially the euro, according to World Gold Council data released Thursday.

Iberia Strike: 150 Flights Canceled, More To Follow

Pilots for Spanish airline Iberia, part of International Airlines Group, went on strike on Monday, grounding 150 flights in the first of 30 one-day strikes to protest against the start-up of low-cost carrier Iberia Express.

BA OK'd To Buy British Midlands In $276M Deal

The owner of British Airways PLC gained European Union approval Friday to buy U.K. airline British Midland Airways Ltd., known as bmi, from German owner Deutsche Lufthansa AG for $276 million.

Mali Coup Leaders Steer Clear Of Economic Upheaval

Although leaders of the military coup in Mali appear to be rounding up and jailing potential opponents among politicians and policymakers, they seem to be trying to minimize disruptions to the economy and daily life, leaving in place government ministers in charge of finance, trade and industries.

Gold, Silver Suffer Three Straight Days Of Declines

The precious metals market followed Wall Street's skid today, as gold and companies that peddle it were driven down by underwhelming retail figures in the U.S., and ongoing concerns over Greece and the Eurozone.

NZ quake hits shares of Australia banks, insurers

Shares in Australian banks and insurers fell between 1.4 and over 2.7 percent after a strong quake hit New Zealand's second-biggest city of Christchurch on Tuesday for the second time in five months.

Union to re-run BA cabin crew strike ballot

The union representing British Airways BAY.L cabin crew said on Tuesday it planned to ballot members again on taking strike action after saying a recent vote was potentially invalid. Cabin crew voted last month to hold further strikes in a long-running dispute which has already cost the airline some 150 million pounds.