News Reality

Old Mutual receives approaches for UK operation

LONDON. – Old Mutual has had approaches from possible buyers of Old Mutual Wealth, its UK operation which analysts value at £3 billion to £4 billion, in the latest example of consolidation in the UK life insurance and wealth management industries.Last month Deutsche Bank agreed to sell Abbey Life to Phoenix Group for €1,1 billion,...
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US president-elect Donald Trump’s administration will push through infrastructure spending, a tax overhaul, and cuts in regulation to spread economic growth beyond a concentrated faction of &ldq
Chinese president Xi Jinping offered a vigorous defence of free trade yesterday at the World Economic Forum in Davos in a speech that underscored Beijing’s desire to play a greater global role a
Irish-owned firms which employ large numbers of people are being hit by the slump in sterling, the latest trade figures suggest.
British American Tobacco reached agreement to buy full control of Reynolds American with a sweetened $49.4bn (€46.3bn) offer, bringing a successful end to almost three months of bartering with th
European car sales rose to a nine-year high in 2016, with French company Renault taking advantage of recovering demand and Volkswagen’s tarnished reputation to leap to second place from third in
Shares in Tullow Oil remained largely unchanged yesterday as the company announced what it described as an “exciting discovery” in Kenya.
Davos may be cold, but it looks like a more comfortable home for bankers than London.
The ageing of the population in Ireland and other parts of the western world is being brought in to sharp relief by the health crises unfolding within both the UK’s National Health Service (NHS)
Global investors are upbeat, if cautious, about 2017 but Irish business confidence is at its second lowest since 2012, separate surveys have found.
Shares in Rolls-Royce jumped up to 7% yesterday after the British maker of engines for planes and ships settled a long-running bribery probe and said that 2016 profit would beat expectations.
Dubai home prices are set for another year of decline with supply outstripping demand even as developers delay the completion of properties, according to real estate adviser CBRE.
A 100-store outlet mall planned for White Marsh is in limbo, as the owner of the property considers selling the site. The turn comes shortly after a fight over the plans appeared to have been sett
Daniel J. Graeber With the energy sector recovering, Norwegian energy company Statoil said it awarded North Sea service contracts to Baker Hughes and Schlumberger. and India’s Flipkart Online Services have walked away from talks to acquire Dubai-based after disagreeing over price.
Public can see world's largest display of gold bars for one day at a local mall
The founder and Executive Chairman of the Sekunjalo Group, Dr Iqbal Survé, has been appointed to a World Economic Forum board.
The dropped projects include dozens already under construction, even though existing plants can already generate far more power than the country needs.
He met a parliamentary panel on finance to answer questions about the recent demonetisation move
Left parties may appeal to people to defeat BJP in constituencies of Uttar Pradesh where they are not fielding candidates in the Assembly polls, CPI General Secretary Suravaram Sudhakar Reddy hinted t
The Union Cabinet today approved a pared-down modified special incentive package meant to boost electronics manufacturing by cutting down the application window by about one and a half year to Decembe
Delhi High Court has directed the AAP government and the police to frame a comprehensive policy on e-rickshaws plying in the national capital and asked them to consider the Centre's suggestion for cap
Rajasthan Chief Minister Vasundhara Raje today claimed that the works done by her government is more than the works completed by the previous Congress regime in five years. During her visit to the Si
At a time when senior leaders of political parties are busy with seat-sharing talks to stitch an alliance ahead of Brihanmumbai Municipal Corporation (BMC) election next month, city activists are of t
France on Wednesday said that it continues to remain optimistic about India acquiring membership of the 48 member Nuclear suppliers Group (NSG)Diplomatic Advisor to the French President Mr. Audibert
The Cabinet on Wednesday gave its approval to the proposal for India to take its full membership of the International Vaccine Institute (IVI) Governing Council.The move involves payment of annual cont
The Cabinet chaired by Prime Minister Narendra Modi on Wednesday gave its approval for amendment in the Modified Special Incentive Package Scheme (M-SIPS) to further incentivize investments in the ele
The Cabinet has also halved the period of investment from 10 years to five years to avail incentives
The now-defunct Kingfisher Airlines owes over Rs 9,000 crore in loan to the SBI-led consortium of 17 banks.
Government today approved a package for supporting the micro and small enterprises across the country, which entails augmenting the corpus of Credit Guarantee Trust Fund for such ventures and doubling
Refined palmolein firmed up further at the Vashi oils and oilseeds wholesale market here today on sustained demand from retailers. While, castorseeds bold and castoroil commercial eased on lower offt
Four persons, including a couple, have been booked in two separate cases for allegedly cheating a state-run bank here to the tunes of Rs 1.2 crore by obtaining loan through means of fraudulence, polic
The CPI has nominated Daswinder Kaur as its candidate for the bypoll to Amritsar Lok Sabha seat, which fell vacant after sitting MP and Congress state president Amarinder Singh resigned over the Sutle
Daniel J. Graeber Automakers joined forces with some of the biggest oil companies in the world from Davos to put hydrogen forward as the next clean energy option.

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Triple-quake strikes central Italy

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Is The Number Of Women Leaving The Labor Force Really A Problem?

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Asian American band the Slants takes its trademark battle to the Supreme Court: Is it free speech or a racial slur?

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With Michael Lynton's exit, what's next for Sony Pictures?

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An Indian charity battled caste-based discrimination for three decades. Then it became a target.

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Trump's Health secretary pick fought to limit coverage in one of America's neediest states

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Inglewood real estate market expected to score as Chargers join Rams at new stadium

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