Autor: Jane Austen
(Bloomberg) — European stock futures tumbled as investors weighed up the odds that the region will be next to suffer from US tariffs. Most Read from Bloomberg Contracts on the Euro Stoxx 50 Index fell as much as 3.4% in early Asia trading, an even worse performance than the widespread decline of US stock futures. The selloff came after US President Donald Trump imposed tariffs on Canada, Mexico and China, and promised to make similar moves against the European Union, in what looks likely to be first salvo in an escalation of trade restrictions. Trump said on Monday he will…
The Ministry of Railways on Friday launched a new superapp dubbed SwaRail in India. It is introduced as a one-stop shop for offering public-facing services such as reserved ticket booking, ordering food on trains, and PNR enquiries. Currently available for both Android and iOS platforms in beta, the SwaRail superapp aims to reduce app clutter and space usage by eliminating the need of having multiple apps for managing railway services on the phone.SwaRail Superapp FeaturesThe SwaRail superapp has been developed by the Centre for Railway Information Systems (CRIS). It acts as a one-stop solution, integrating all the Indian Railways’ public…
(Bloomberg) — Chinese equities listed in Hong Kong fell after US President Donald Trump imposed a 10% levy on China. Most Read from Bloomberg The Hang Seng China Enterprises Index dropped as much as 2.5% in early trading before paring the decline to 1% as trading resumed after the Lunar New Year holiday. The weakness was in line with losses across the region. Hong Kong’s stock market had been shut since midday Jan. 28 while equities on the mainland will start trading again on Feb. 5. Trump’s tariffs are adding to the headwinds buffeting Chinese shares as weak consumption and…
TOKYO (AP) — Asia shares mostly fell in Monday trading as worries grow about President Donald Trump imposing tariffs on key U.S. trading partners. Japan’s benchmark Nikkei 225 lost 2.4% in early trading to 38,612.96. Australia’s S&P/ASX 200 declined 1.8% to 8,376.30. South Korea’s Kospi dropped 2.9% to 2,443.57. Hong Kong’s Hang Seng dipped 1.4% to 19,942.54, while the Shanghai Composite also was lower but little changed at 3,250.60. Analysts said Asian markets were bracing for volatility set off by a possible trade war escalation. “The implications for trade restrictions could result in reduced global trade flows, supply chain shifts…
IAG to release US$125m from provisions after favourable court decree February 1 2025 by InsuranceAsia News Australian carrier IAG will release AU$200 million (US$124.4 million) out of the AU$380 million provision it had made in relation to a lawsuit pertaining to pricing strategy adopted for Covid-19 busin… To continue reading the full article and get full access to the InsuranceAsia News platform, please enquire about a subscription. Your company may already have a corporate license in place. Already a Subscriber? Please Login MORE FROM: Legal Ketan Mehta joins Gallagher India as chief compliance officer Mumbai-based Mehta has over 17 years…
(Reuters) – U.S. President Donald Trump slapped Canada and Mexico with duties of 25% and China with a 10% levy on Saturday, calling the measures necessary to combat illegal immigration and the drug trade. Canada and Mexico immediately vowed retaliatory measures, and China said it would challenge Trump’s levies at the World Trade Organization and take other countermeasures. Trump’s move has sparked volatility in the commodities market. Here are some reactions to the news: GOLDMAN SACHS «We still expect Canadian oil producers to eventually bear most of the burden of the tariff with a $3 to $4 a barrel wider-than-normal…
Crawford Australia strengthens account management team with QBE hire February 3 2025 by Kristina Shperlik Crawford Australia has appointed Mark McDermott as key account manager, according to a press release.In his new role, Adelaide-based McDermott (pictured) will manage key accounts for the loss adjuste… To continue reading the full article and get full access to the InsuranceAsia News platform, please enquire about a subscription. Your company may already have a corporate license in place. Already a Subscriber? Please Login Join the mailing list Designed to help you stay ahead, our daily newsletter provides a round-up of the latest news and…
AECOM (ACM) To Report Earnings Tomorrow: Here Is What To Expect Infrastructure consulting service company AECOM (NYSE:ACM) will be reporting earnings tomorrow after market hours. Here’s what to expect. AECOM missed analysts’ revenue expectations by 0.9% last quarter, reporting revenues of $4.11 billion, up 7% year on year. It was a slower quarter for the company, with a miss of analysts’ adjusted operating income estimates. Is AECOM a buy or sell going into earnings? Read our full analysis here, it’s free. This quarter, analysts are expecting AECOM’s revenue to grow 5.3% year on year to $4.11 billion, slowing from the…
With market in its adolescence, Lloyd’s seeks to address growing pains of ‘other cyber’ risks February 3 2025 by Jon Guy The London market has unveiled a new framework, which it believes will be a crucial step in the ability of insurers to better underwrite what it describes as lesser-known “other cyber” risks.While sy… To continue reading the full article and get full access to the InsuranceAsia News platform, please enquire about a subscription. Your company may already have a corporate license in place. Already a Subscriber? Please Login Join the mailing list Designed to help you stay ahead, our…
(Bloomberg) — Having lived with the risk of a US-led trade war for weeks, financial markets reopened Monday needing to deal with the reality. Most Read from Bloomberg Investors favored the US dollar in early Asia trading and stocks and equity futures slid after President Donald Trump carried out his threat to impose general levies of 25% on Canada and Mexico and 10% on Chinese goods starting on Tuesday, sparking commitments to retaliate from other governments. Bloomberg’s gauge of the US currency advanced more than 1%, S&P 500 futures slumped close to 2%, while the Canadian dollar weakened to touch…