The bleak retirement outlook for displaced workers
If you thought that Americans as a whole were unprepared for a secure retirement, you should see the ones who have lost their job.A report from the Transamerica Center for Retirement Studies finds many unemployed and underemployed workers have been dipping into their retirement accounts to fund
China to Raise Gasoline, Diesel Prices, Effective Friday -C1 Energy
China will raise gasoline and diesel prices by 390 yuan a metric ton and CNY370/ton, respectively, effective Friday, energy consultancy ICIS C1 Energy said in a statement on its website Thursday, citing the National Development and Reform Commission.
Taishin Board OKs Plan to Buy New York Life's Taiwan Operation - Source
Taishin Financial Holding Co.'s (2887.TW) board of directors approved a plan to acquire New York Life Insurance Co.'s operation in Taiwan, a person familair with the situation said Thursday.
BP, Total, Azerbaijan's Socar To Fund TAP Gas Pipeline Project
Energy giants BP PLC (BP), France's Total SA (TOT) and Azerbaijan's state oil company Socar have agreed to fund the Trans Adriatic Pipeline project, planned to carry Caspian natural gas to Italy, the pipeline company said Thursday.
Erste Hungary CEO: Buys BNP Paribas Private Bank Arm
The Hungarian subsidiary of Erste Bank AG (EBS.VI), Hungary's second-largest bank by market share, has bought the private banking arm of BNP Paribas (BNP.FR), Erste Hungary's chief executive said Thursday.
S Korea to Inspect Local Units of HSBC, Standard Chartered
South Korea's financial watchdog will investigate whether the local units of HSBC Holdings PLC (HBC) and Standard Chartered (SCZ.ZM) were involved in money laundering, the Financial Supervisory Service said Thursday.
Rhoen-Klinikum First Half Year Ebit, After-Tax Profit Slumps
German private hospital operator Rhoen-Klinikum AG (RHK.XE) Thursday reported a slump in after-tax profit and earnings before interest and taxes in the first six months, due to the failed take-over by Fresenius SE (FRE.XE), high collective wage deals and price declines among other factors.
China Property Sales Up in July; Investment, Construction Weak
Overall property sales in China rose for the second consecutive month in July, indicating that a recovery is gaining momentum after data showed declines from October through May, though real estate investment and construction continued to weaken.
Bglobal Signed Joint Venture Pact with Samsung C&T Corporation
Bglobal PLC (BGBL.LN), which provides energy management solutions, said Thursday it has signed a joint venture agreement with Samsung C&T Corporation (SSGFY) on Aug. 9, subject to certain conditions.
Volkswagen Sets Pricing on GBP200 Million 3Y Bond at Gilts +1.15-1.20
German auto-maker Volkswagen AG (VOW.XE) has set pricing on its 200 million sterling minimum, three-year bond in the range of 115 basis points to 120 basis points over gilts, one of the banks running the deal said Thursday.