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PING AN INSURANCE
US sanctioned Iran oil tanker turns away from India, heads to ChinaIran war: A US-sanctioned tanker carrying Iranian crude, Ping Shun, has changed course to China after earlier signaling India as its destin...- Tanker carrying Iran crude signals India after 7-year import gapA US-sanctioned tanker carrying Iranian crude is heading to India, potentially marking the country’s first such import since 2019 after it ...
- Global Market | Chinese bank stocks outperform on prospects of eased shareholder rulesChinese banking stocks showed resilience as regulators consider relaxing shareholder restrictions, potentially allowing investors to hold m...
- HSBC Q3 pretax profit slides 42% on France sale, credit lossesHSBC, which makes the bulk of its sales and profit in Asia, came under pressure from Ping An Insurance Group, the Chinese firm that is its ...
- LIC's Rs 20,557-crore public offer fully subscribed on Day 2The insurer's policyholders and employees were the top bidders in the issue. The portion set aside for LIC's policyholders was subscribed t...
- LIC valuation may be among cheapest for global peersAccording to Sunil Tirumalai, strategist at UBS India, the embedded value (EV) of LIC calculated as of September 30, 2021, has moved up sha...
- LIC ROE highest among global peers, 4x its nearest competitor!The life insurer's draft red herring prospectus (DRHP) suggests it is the eighth largest life insurer in terms of assets globally, with tot...
- LIC 3rd largest globally, but offers highest RoE of 82%, says Crisil reportWhile for LIC the market share has been steadily declining--down from 100 per cent in the pre-2000 era to 71.8 per cent in 2016 and further...
- IL&FS gets approval to sell China road assetIL&FS Group has received Justice (Retd) D.K. Jain's approval for sale of its Chinese road asset - Chongqing Yuhe Expressway Co Ltd (CYEC) t...
- PolicyBazaar looks for cover in SoftBank’s healthy startup listFirm planning to work with China’s Ping An Insurance Group as a model for DocPrime.
- Total market cap of top 100 global companies reaches USD 20 trillion: ReportAmazon is the strongest performer in terms of absolute increase in market capitalisation, gaining USD 278 billion or 66 per cent in value c...
- Chinese insurer to record $2.3 bn loss on FortisPing An Insurance Co., one of China's biggest insurers, said Monday it will record a $2.3 billion loss on its stake in troubled European ba...
- China's Ping An to take $2.3 bn loss on FortisPing An Insurance said on Sunday that it would report a loss of about 15.7 billion yuan ($2.3 billion) on its investment in troubled Europe...
- Fortis not to complete Chinese dealFortis NV said Tuesday that it would not complete a deal with a Chinese insurer that had planned to buy half of the Belgian-Dutch bank's as...
- Global churn may bring Chinese insurance firms to IndiaChinese insurance firms could end up having a strategic stake in life insurance in India if their global acquisition plans attain fruition.
- Chinese shares slightly higher in morning tradeChina share prices were slightly higher in Friday morning trade as sentiment improved after Ping An Insurance held off its massive refinanc...
- Chinese insurer Ping An to raise $22 bn for acquisitionsA major Chinese insurer has announced plans to raise up to $22 billion for acquisitions at a time when US and European banks, battered by m...
- Chinese insurer acquires 4.2% in Fortis for $2.7 bnChina’s state-owned companies spent almost $17 billion on overseas financial purchases in 2007, buying stakes in Barclays, Bear Stearns, Bl...
- China to allow insurers to double stock playChina will allow insurers to double the share of assets invested in local equities.
- Banking investment in China set to skyrocketAround $5.7 billion in insurance capital could flood into China's banking sector this year after the nation's insurance watchdog unveiled a...
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