• Aug 29, 2024

China Life Profit Rises as Market Lifts Investment Returns

(Bloomberg) -- China Life Insurance Co., the nation’s largest life insurer by market share, said profit rose 11% in the first half as an improving stock market boosted investment returns. Most Read from BloombergTurkey Plans Istanbul Taxi Surge to Tackle ComplaintsIntergenerational Housing Could Help Older Adults Combat LonelinessAs Rural Hospitals Shutter Maternity Wards, Urban Ones FollowA Loud Warning From the Past About Living With CarsChicago Overcomes DNC Skeptics With Calm, Parties and Su

  • Aug 29, 2024

Analysis-Sterling's stunning rally keeps twitchy currency markets on edge

Sterling has hit roughly 2-1/2 years highs against the dollar and is flying high versus the euro, in moves analysts warn are underpinned by speculative interest rate bets that could unravel fast in markets still shaken by early August turmoil. At around $1.32, Britain's pound has soared beyond most analysts' target prices for this year. It's a stunning recovery from its slump to record lows near $1.03 after former UK prime minister Liz Truss' September 2022 mini-Budget.

  • Aug 29, 2024

Chicago Options Entrepreneurs Net Millions From IG Stock Sale

(Bloomberg) -- Tom Sosnoff and Scott Sheridan sold about £65 million ($86 million) worth of IG Group Holdings Plc shares in the first big selldown since their Chicago-based options-trading business was bought by the British firm three years ago.Most Read from BloombergTurkey Plans Istanbul Taxi Surge to Tackle ComplaintsIntergenerational Housing Could Help Older Adults Combat LonelinessAs Rural Hospitals Shutter Maternity Wards, Urban Ones FollowA Loud Warning From the Past About Living With Car