Recent Posts

Indonesian insurer to explore $1bn sale

  NEW DELHI / AP AJB Bumiputera 1912, the century-old Indonesian life insurer, is exploring a sale of its business to an overseas investor as it seeks to meet obligations of its more than 5 million policyholders, people with knowledge of the matter said. The Jakarta-based firm is working with a financial adviser to identify potential buyers, including international insurers, ...

Read More »

Newmont, Barrick disagree on mine value

  Bloomberg A split between the world’s two largest gold producers over the value of their jointly owned Australian mine is more about future economic expectations than what’s in the ground. That’s the view of Newmont Mining Corp.’s Gary Goldberg, who has been saying for over a year he’d be interested in buying Barrick Gold Corp.’s half of the Kalgoorlie ...

Read More »

USA deficit up for first time since 2009

  Bloomberg The US budget deficit as a share of the economy widened for the first time in seven years, marking a turning point in the nation’s fiscal outlook as an aging population boosts government spending and debt. Spending exceeded revenue by $587.4 billion in the 12 months to Sept. 30, compared with a $439.1 billion deficit in fiscal 2015, ...

Read More »
Send this to a friend