British insurer Standard Life (SL.L) and Industrial and Commercial Bank of China (ICBC) (601398.SS) said on Wednesday they had agreed to look at developing savings and investment services together.
Regions
Divided SEC adopts mortgage rule, decries lax lending
U.S. securities regulators adopted a rule on Wednesday designed to avert another financial crisis, but two officials dissented, saying it did not do enough to discourage banks from lending to borrowers with shaky credit and then passing the mortgage risk to investors.
Fresh turbulence tests post-crisis financial markets
A dramatic upswing in volatility is putting post-crisis financial markets to the test, as curbs on banks' ability to take risks and an increase in technology-driven trading expose potential new cracks in the system.
Japan's power failure: Bid to forge national grid stumbles
After the Fukushima disaster crippled Japan's nuclear energy sector three years ago, the government pledged the biggest shake up in the history of the fragmented electricity industry to boost competition and contain a surge in power prices.
Investors seek delay to HK-Shanghai stock tie-up
Some of the world's biggest banks and asset managers have asked the Hong Kong securities regulator to delay a landmark China stock trading link that could generate billions of dollars of trade a day due to uncertainty over the scheme rules, according to a letter seen by Reuters.
Latest News
European shares edged up and the euro hit a one-week low against the dollar on Wednesday, driven by upbeat company earnings results and hopes of corporate bond buying by the European Central Bank.
Philippine Airlines (PAL) majority owner Lucio Tan is offering to buy out minority shareholders in PAL Holdings Inc (PAL.PS), the carrier's parent company, at 1.19 pesos per share, less than a quarter of the stock's current market price, regulatory filings showed.
SoftBank Corp announced Wednesday it will lead a $100 million investment round in Indonesian ecommerce giant PT Tokopedia, the Japanese mobile carrier's third investment overseas under Vice Chairman Nikesh Arora.
German airline Lufthansa (LHAG.DE) is close to a deal to sell its IT infrastructure unit to IBM (IBM.N), including an outsourcing agreement for the services, as part of a shake-up of its technology activities, it said on Wednesday.
Some of the world's biggest banks and asset managers have asked the Hong Kong securities regulator for more time to prepare for a landmark China stock trading link due to uncertainty over the rules of the scheme, according to a letter seen by Reuters.
QE2 Acquisition Corp. (formerly Crowsnest Acquisition Corp.) (the "Corporation") (TSX VENTURE:CAW.P), is pleased to announce that further to its news releases dated February 28, 2014, April 16, 2014, July 21, 2014, September 4, 2014 and October 7, 2014 that it has closed its Qualifying Transaction (as such term is defined in the policies of the TSXV) and subject to receiving final TSX Venture Exchange ("TSXV")
The United States faces potential trade sanctions from Canada and Mexico after the World Trade Organization ruled on Monday it had failed to bring its meat labeling regulations fully in line with international fair trading rules.
India's diversified Aditya Birla Group has submitted a bid for the Brazilian and the Philippine assets of cement industry leaders Lafarge (LAFP.PA) and Holcim (HOLN.VX), two persons directly involved in the transaction said.
Russia and Ukraine failed to reach an accord on gas supplies for the coming winter in EU-brokered talks on Tuesday but agreed to meet again in Brussels in a week in the hope of ironing out problems over Kiev's ability to pay.
