Market Snapshot: U.S. stocks edge up after Empire State data
U.S. stocks rise on Friday following encouraging manufacturing data from the New York region, as finance ministers and central bankers from the Group of 20 countries met in Moscow against a backdrop of rising currency tensions.
Indications: Stock futures flat as G-20 meets; UMich awaited
U.S. stock index futures trade near unchanged Friday, with investors unlikely to show much conviction as finance ministers and central bankers from the Group of 20 meet in Moscow against a backdrop of rising currency tensions. Data will be watched on the industrial front.
Financial Lobby Group Warns on Emerging Markets
(ZURICH) — A leading lobby group for the world’s financial institutions is warning investors not to get caught short in emerging markets if rich-country central banks end their easy and cheap money policy of the past few years. The Institute of International Finance said Tuesday that the withdrawal of massive stimulus by the U.S. Federal Reserve and other central banks could lead to a “boom-bust cycle” in emerging markets if investors are unprepared. (MORE: The Federal Reserve’s Rule-Making Secrecy) “The risk of market participants being unprepared for a reversal of rates is real and needs to be seriously considered to avoid disruption,” the IIF said. Low interest rates around the world over the past five years have boosted investments into faster-growing emerging countries — where money can earn a better return. The IIF sounded its warning in a report ahead of the World Economic Forum in Davos, Switzerland, where some 2,500 business and political leaders are gathering to ...
United States: Proposed ACA Regulations On Transitional Reinsurance Program Premiums And Potential Effects For Employer-Sponsored Group Health Plans - McDermott Will & Emery
As part of the Patient Protection and Affordable Care Act (ACA), the U.S. Department of Health and Human Services (HHS) recently released proposed regulations regarding the estimated amount of annual contributions that are required to be paid to HHS from employer-sponsored group health plans to finance state transitional reinsurance programs.
Found more than 1 month ago on channel Mondaq
AIG sells 90 pct of plane leasing unit for $5.28B
NEW YORK -- American International Group Inc. says it will sell up to 90 percent of its airplane leasing unit International Lease Finance Corp. to an investor group led by Weng Xianding, chairman of New China Trust Co. Ltd., for approximately $5.28 billion....