At a time the financial sector is racing to embrace digital technology to boost sales and drive profits, the traditionally staid insurance industry is in danger of falling behind.
Industry
Cheaper crude oil subdues U.S. producer inflation; housing starts fall
U.S. producer prices recorded their biggest drop in more than five years in January as the cost of energy and a range of other goods tumbled, hinting at a disinflationary trend that could argue against the Federal Reserve raising interest rates.
Bitcoin blankets ISIS movement, sealing hidden transactions
Bitcoin was founded on the precept that peer-to-peer transactions should be made easy and cheap. However, terrorists organizations gave allegedly exploited the alternative payment method.
U.S. companies can avoid slow torture of Venezuela devaluations by taking one big hit
American companies tired of seeing their earnings badly hurt by Venezuela’s crumbling bolivar currency system, can - with the stroke of a pen - get rid of much of the problem.
De Beers diamond division becoming Anglo American's crown jewel
Diamond company De Beers, once a niche business for global miner Anglo American, is rapidly rising to become the jewel in its crown - with a brighter outlook than many of its metals.
Latest News
Months after Sony Corp bought So-net, the broadband provider's chief chided CEO Kazuo Hirai for having his "priorities in the wrong order".
China has set a target of reaching $1 trillion worth of trade in services by the year 2020, according to a newly released economic planning policy paper that emphasized a shift away from the export of goods.
U.S. banks are finding that "co-branded" credit cards they offer with retailers, airlines, hotels and other consumer companies are increasingly a lousy business, one not likely to get better soon, industry executives said.
Doctors and health professionals from both sides of the Pacific on Thursday said they worry that a major regional trade pact could result in higher medical costs and urged a full assessment of the pact's impact on healthcare.
U.S. consumer spending barely rose in January as households cut back on purchases of a range of goods, suggesting the economy started the first quarter on a softer note.
Kraft Foods Group Inc said on Thursday that its chief financial officer would leave her role and two other senior executives would depart from the company, marking the first major changes at the maker of Velveeta cheese and Oscar Mayer meats since its board chairman took over as chief executive in December.
China's regulators are targeting foreign firms, a majority of respondents said in a survey by an American business lobby, citing protectionism among the top concerns for their operations in the world's second largest economy.
U.S. wholesale inventories barely rose in December, the latest suggestion that economic growth in the fourth quarter was even slower than initially thought.
The recent slide in global oil prices is a benefit for the world economy and could lead to some upgrades of economic forecasts, Bank of Japan Governor Haruhiko Kuroda said on Monday.
