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Top News In Swiss Re Today - Breaking & Trending Today
Unicredit reports its highest Fourth Quarter profit in a decade and rolls out its first Cash Dividend in half a decade. Shares in swiss re spike nearly 6 at the open addres ja softbank looks to invest in the insurer. Insurance is finally a very interesting industry its in a transformation its in a radical revolution the parameters that run the industry and constrained the industry for years no longer exist. And chinese imports surge in january and contributes to the yu yuans worst day in 2 1 2 years. One of the big stories, softbank in talks with swiss re about taking a stake in the company, that sent shares close to the top of the stoxx 600. The deal could be worth around 10 billion and would give the Japanese Firm a onethird stake in the reinsurer swiss re said the talks were at an early stage and theres no certainty any ....
Asia fx and Commodity Trades . Socgen surprises. For a lossctations posting a net income of 69 million euros. We will speak to the ceo. Than our peers. It is a modest decline. We have been doing better. We are gaining market share. Matt we are less than half an hour from the start of european trading. Futures indicating a lower open across europe. A hohum loss in the u. S. Yesterday and that spread through asia overnight. Futures are indicating a lower loss open for a hohum loss. London, germany, the cac, all the european indexes. If you take a look at bonds it can see investors are selling off debt and pushing them the yields up. Treasuries up over 2. 8 . Were looking at 2. 83 right now and treasuries after the 10 year rose a little bit more than one basis point in asian trading. What are you seeing on the gmm . A move on thisdo i want to highlight something. Chinese markets down overnight by 1 . China, is whatin is happening w ....
Jumping 2 , declining to that sort of magnitude in germany, for the euro stoxx 50 itself in belgium, also lower today. We had one day of respite yesterday, but the trend is right much a downward one. Sterling on the rally today, up by 8 10 of 1 . Mark carney saying that u. K. Interest rates may need to rise at a steeper rates in originally thought to prevent the brexit weakened economy from overheating. They 77 chance of a a high before the announcement. Look at on yields rising today, the u. K. Fiveyear is up by nine basis points, in the wake of a more hawkish bank of england, with bond insurance being your final column of their. Subject shares earlier rising 6. 2 . The chief executive weathering the low volatility of the late 2017 better than some competitors, returning the bank Equities Trading business to traditional strength, the lender posting been better posting betterthanexpected quarterly restructuring charges at the bo ....
In the u. S. , which we had to reduce our tax asset, reducing completely our tax level in the u. S. , with Significant Growth of our net profit. Swiss re says it is considering a partnership with softbank after better than expected profits and returning more cash to shareholders. We feel comfortable that we have the ability to return funds to share hoholders. And a number of negative earnings limit cap gains in europe as James Bullard tells cnbc that rates should not go up too quickly. The idea that we have to go 100 basis points in 2018, that seems like a lot to me thats price for perfection. Everything would have to go just right. The economy would have to surprise on the upside a bunch of times in the year im not sure thats a good way to think about 2018. Good morning flat open so far across europe the stoxx 600 slightly into negative territory, but not by a massive, ma ....
Dartmouth, just a few minutes from now. Lets get you caught up on some of the top stories. One of the most serious crises on the Korean Peninsula in years, talks between the north and south are in its third day of talks. Demands that south korea and the propaganda broadcast. Harry reid has come out in favor of the Iranian Nuclear deal. He was one of the democrats who hadnt announced how they would vote. Upma has been trying to line enough lawmakers to make sure it doesnt get killed in congress. Today the french president franceshree americans highest decoration. They prevented what could have been a mass shooting on a french train. The gun man would have been successful is my friend had not gotten up. I want that lesson to be learned going forward, in times of terror, do something. Moroccan gunman is a who had been flagged as a radical islamist. Hiringe is planning a binge ....