Economy & Markets
The important economic and stock market news that advisors need to know.
Capital Markets Moves: RGA, UnitedHealth
By staff WriterReinsurance Group of America Inc. is issuing $400 million in senior secured notes.
May 25, 2011
FPA in China: Dan Moisand's First Impressions of 'Impressive' BeijingOn day one of the FPA in China trip, delegation co-leader Dan Moisand sets the scene in Beijing. He's already impressed.
May 25, 2011
Chinese Commercial Property Target of New Mutual FundMapletree Investments of Singapore said Wednesday that it planned to launch a new mutual fund targeted toward commercial property in China.
May 25, 2011
China Banks Seek Overseas ExpansionChinese banks, in an effort to grow beyond the mainland's borders, have plowed large amounts of capital into acquisitions, new branches overseas and joint ventures. Although analysts are critical of their efforts, calling them pricey and poorly directed, banks see opportunity beckoning.
May 24, 2011
RIAA: Pull Curtains Off Annuitized MoneyFinancial advisors would like to see financial statement providers do a better job of including information about clients' immediate income annuities.
May 24, 2011
Economic Warning Signs: China, E.U. and U.S. All See Manufacturing DeclineIs this evidence of a long-term global slowdown, or a temporary, coincidental, dip?
May 24, 2011
Chinese Jewelry Retailer Names Seven Banks to Aid IPOChow Tai Fook, a decades-old Chinese jewelry retailer with 1,400 stores, has hired seven banks to underwrite its forthcoming IPO in Hong Kong,it was reported late Monday. The main underwriters are to be Deutsche Bank, Goldman Sachs Group, HSBC Holdings and JPMorgan Chase.
May 24, 2011
China Weighs In on Strauss-Kahn’s IMF SuccessorAs the quest to replace Dominique Strauss-Kahn as head of the International Monetary Fund (IMF) continues, China has entered the fray, saying that the U.S. should reduce its voting share in the financial body so that emerging economies can have more of a voice in the selection process.