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Insurer AIA launches $10-billion buyback on strong 2021 growth

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BHP expects full-year iron ore output near upper end of forecast | Hellenic Shipping News Worldwide


BHP expects full-year iron ore output near upper end of forecast
BHP Group Ltd on Wednesday reported a near 2% dip in third-quarter iron ore production, but said full-year output is expected to be at the upper end of its forecast.
The world’s largest listed miner expects iron ore production at the top end of its 245 million tonnes (Mt) to 255 Mt forecast. Output of the steel-making ingredient from Western Australia on a 100% basis in the three months ended March came in at 66.7 Mt, down from 68 Mt a year earlier.
Source: Reuters (Reporting by Anushka Trivedi and Nikhil Kurian Nainan in Bengaluru) ....

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AIA : reports worse-than-expected drop in new business value on pandemic hit


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March 12 (Reuters) - Insurer AIA Group Ltd on
Friday reported a worse-than-expected drop in full-year new
business value, weighed by lower demand for new policies during
the COVID-19 pandemic.
Insurers globally have been hit by pandemic-related claims
for travel, business interruption and event cancellations as
well as reduced demand for life insurance policies due to the
economic slowdown.
In Asia, insurance firms mainly rely on their army of agents
for product sales, which have been dented by lockdowns and
social distancing measures put in place by various countries to
contain the pandemic.
AIA s value of new business (VONB), which measures expected ....

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