Globalisation is a reality, not matter of choice - China's bank governor
BOAO, China, March 25 Globalisation is a reality for all countries, and is not a matter of choice, the People's Bank of China's governor, Zhou Xiaochuan, on Saturday.
SAO PAULO Feb 13 BB Seguridade Participações SA, the insurance business of state-controlled Banco do Brasil SA, met fourth-quarter profit estimates as robust distribution and reinsurance underwriting revenues helped to offset the impact of declining interest rates.
Brasilia-based BB Seguridade earned 1.074 billion reais ($345 million) in recurring net income last quarter, compared with 988 million reais in the prior three months, according to a securities filing on Monday. Analysts expected recurring profit, which excludes one-time items, of 1.077 billion reais for the quarter
The company expects growth in recurring net income of 1 percent to 5 percent this year, compared with about 4.1 percent last year.
($1 = 3.1145 reais) (Reporting by Guillermo Parra-Bernal. Editing by Jane Merriman)
* Files for potential mixed shelf offering; size not disclosed - SEC filing Source text: (http://bit.ly/2nOuzNg) Further company coverage:
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