• Mitsui Sumitomo Acquires Commonwealth Bank's Stake in BoCommLife for 4.3 Billion Yuan

    6 monthes ago - By A.M. Best

    Mitsui Sumitomo Insurance Co. Ltd. has agreed to acquire a 37.5% stake in BoCommLife Insurance Co. Ltd. from Commonwealth Bank of Australia as the Japanese insurer enters China's life market.
    The ...
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  • United Technologies plans to hire 35,000 people

    6 monthes ago - By Chron

    FARMINGTON, Conn. - United Technologies plans to hire 35,000 people and invest more than $15 billion in the U.S. over the next five years.
    The company said Wednesday that the investment will go toward research and development and capital expenditures.
    United Technologies Corp. has more than 200,000 employees in over 75 countries. It currently has 67,000 workers in the U.S.
    The 35,000 positions will mostly be from retirements and normal turnover, the company said, but it anticipates several thousand will be new jobs. While jobs are anticipated in all states, the greatest hiring needs are in...
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  • Stock futures dip as Trump's comments spark trade talk uncertainty

    6 monthes ago - By Reuters

    U.S. stock index futures were lower on Wednesday on fresh uncertainty over U.S.-China trade talks and ahead of a Federal Reserve report that would be watched for cues on pace of future interest rate hikes.
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  • Global stocks fall amid weak data, worries over Koreas

    6 monthes ago - By Chron

    TOKYO - Stock markets were mostly lower Wednesday after weak European economic data and as U.S. President Donald Trump raised doubts that a summit with North Korean leader Kim Jong Un planned for June 12 will take place as planned.
    KEEPING SCORE: France's CAC 40 fell 1.1 percent to 5,576, while Germany's DAX slipped 1.5 percent to 12,977. Britain's FTSE 100 edged 0.6 percent lower to 7,830. U.S. shares were set to drift lower with Dow futures down 0.6 percent and S&P 500 futures 0.7 percent lower.
    EUROPE'S ECONOMY: A survey suggested that the eurozone economy's weak period at the start of...
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  • Trump Paused His Trade War With China. But Countries Are Still Preparing $3.5 Billion in Tariffs to Hit the U.S

    6 monthes ago - By Fortune

    President Donald Trump's maximalist approach in recasting his nation's trade relations may soon hit U.S. farmers and manufacturers, as America's trade partners prepare $3.45 billion of retaliatory tariffs on U.S. goods.
    In just the past week, the European Union threatened levies on $1.6 billion of U.S. goods in response to U.S. tariffs on metal imports; Russia prepared levies on $537.6 million of goods; Turkey on $266.6 million; Japan on $264.3 million; and India on $165.6 million, according to filings with the World Trade Organization. China already imposed $611.5 million of additional...
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