Edition:
India

Noor Zainab Hussain

Insured losses from Beirut blast seen around $3 billion: sources

07 Aug 2020

LONDON Insured losses from the Beirut port warehouse explosion are likely to total around $3 billion, similar to those from an explosion at the Chinese port of Tianjin in 2015, industry sources and analysts say.

Teladoc bets big on online medicine with $18.5 billion Livongo deal

06 Aug 2020

Remote medicine company Teladoc Health Inc has agreed to acquire chronic care provider Livongo Health Inc for $18.5 billion, seeking to expand its offerings amid a boom in virtual healthcare spurred by the coronavirus pandemic.

Mastercard profit beats estimates as lower costs dull spending hit

30 Jul 2020

Mastercard Inc's quarterly profit beat analyst estimates on Thursday, as lower costs softened the blow from fewer people using the payment processor's cards during the coronavirus pandemic.

Mastercard profit beats estimates as lower costs dull spending hit

30 Jul 2020

Mastercard Inc's quarterly profit beat analyst estimates on Thursday, as lower costs softened the blow from fewer people using the payment processor's cards during the coronavirus pandemic.

Wells Fargo appoints CFO as part of leadership shakeup

22 Jul 2020

Wells Fargo & Co said on Tuesday Mike Santomassimo would replace John Shrewsberry as chief financial officer when he retires in the fall after more than two decades at the firm.

焦点:「パンデミック保険」続々誕生、都市封鎖の売上減もカバー

19 Jul 2020

[10日 ロイター] - 新たなウイルス感染症のパンデミック(世界的大流行)が常態化する可能性に備え、保険会社が新種の商品を生み出している。レストランから映画製作会社、電子商取引企業に至るまで、新たなパンデミックが襲った時に生じる損失をカバーする設計だ。ただ、保険料は安くないかもしれない。

Bank of America profit slumps as heavy loan losses loom

16 Jul 2020

Bank of America Corp saw its profit more than halve in the second quarter as it set aside $5 billion to cover potential loan losses, while warning that it would struggle as long as interest rates stayed low.

Wells Fargo will cut costs further after first loss since 2008

15 Jul 2020

Wells Fargo & Co will launch a broad cost-cutting initiative this year, executives said on Tuesday, as the bank braces for massive loan losses caused by the coronavirus pandemic and continues to work through expensive regulatory and operational problems tied to a long-running sales scandal.

FOCUS-Pandemic-proofing: Insurance may never be the same again

10 Jul 2020

* Many business interruption policies did not pay out for COVID

World News