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The FINANCIAL -- Vienna Insurance Group AG Wiener Versicherung Gruppe (VIG) has concluded an agreement with Skandia Retail Europe Holding GmbH, member of Old Mutual Group, to acquire 100 percent of shares in Polish life insurance company Skandia Zycie TU S.A. (Skandia Poland).
The FINANCIAL -- Zurich Insurance Group (Zurich) reported a business operating profit (BOP) of USD 3.6 billion and net income attributable to shareholders (NIAS) of USD 3.0 billion for the nine months ended September 30, 2013.
The FINANCIAL -- Growth in South Eastern Europe (SEE) will continue recovering from the very low levels recorded in 2012 (0.2 per cent on average) but will remain modest, the EBRD says in its latest Regional Economic Prospects report.
The FINANCIAL -- The Ukrainian and Belarusian economies are set to recover from the recent sluggish performance less strongly than previously expected, posting a modest growth of 1.5 and 1.0 per cent respectively in 2014, according to EBRD.
The FINANCIAL -- The world’s economic climate is brightening, restoring hopes for global recovery after a cautious third quarter, reveals a World Economic Survey published by the International Chamber of Commerce (ICC) and the Munich-based economic research institute Ifo.
The FINANCIAL -- The Affordable Care Act (ACA) is already resulting in higher costs of health coverage and businesses have cut full-time jobs, despite the one-year delay of the employer mandate, according to the research released by the International Franchise Association (IFA) and the U.S. Chamber of Commerce.
The FINANCIAL -- The U.S. Department of State and the U.S. Agency for International Development (USAID) announced partnerships with three private banks in Latin America that will make available $98.5 million in local lending exclusively for small and medium-sized enterprises (SMEs), according to the World Bank.
The FINANCIAL -- In 2012, Africa attracted 33.8 million visitors from a small base of just 6.7 million in 1990, and receipts from tourism for the same year amounted to over US$36 billion and directly contributed 2.8% to the region’s GDP, according to the report by the World Bank.
The FINANCIAL -- Wells Fargo Insurance, part of Wells Fargo & Company, was named North America’s Best Insurance Broker by Global Finance as part of the magazine’s annual Best Global Insurers awards program, according to Wells Fargo.
The FINANCIAL -- South Africa’s banked population has grown substantially from 23.9 million people in 2012 to 27.4 million people in 2013, signifying strong growth in financial inclusion, shows the FinMark Trust FinScope South Africa 2013 consumer survey.
The FINANCIAL --Over half (59%) of Europeans view buying themselves treats as a basic right they are entitled to, revealed the findings of the first MasterCard Treat Index.
The FINANCIAL -- Like major retailers, small business owners are preparing for the holiday rush even earlier this year with more than one-third (34 percent) planning promotions beginning on or before Thanksgiving Day, according to a new survey of small business owners from Ink from Chase.
The FINANCIAL -- Next month is the 30th anniversary of the floating of the Australian dollar.
The FINANCIAL -- Before China’s renminbi (RMB) can challenge the dollar, it first needs to be freely available for trade and investment. By internationalising renminbi through offshore financial markets, China is introducing openness and transparency while retaining greater controls over its home market and capital account.
The FINANCIAL --New York -- Credit Suisse declared $0.1269 per ETN monthly Coupon Payment for the Gold Shares Covered Call ETN (the "GLDI ETN") and declared $0.2189 per ETN monthly Coupon Payment for the Silver Shares Covered Call ETN (the "SLVO ETN"), according to CREDIT SUISSE GROUP AG.
The FINANCIAL -- Commodities were lower in October, led by Energy and Agriculture, due to increasing supply expectations for select commodities, according to Credit Suisse AG, one of the world's leading financial services providers.
The FINANCIAL -- Consumer spend eased again in October, up 1.9% year-on-year, as consumers continued to take a cautious approach to managing their finances and saved up ahead of Christmas, according to the Barclaycard’s monthly analysis of UK spending.
The FINANCIAL -- One-third (33 percent) of Miami respondents plan to hire over the next 12 months, according to the Small Business Owner Report, by Bank of America. Yet more than half (55 percent) say finding qualified employees is difficult.
The FINANCIAL -- WSE enters its fourth year as a public company well prepared for further expansion, building the Group’s value and supporting the growth of the Polish economy.
The FINANCIAL -- Georgian author Shalva Akhrakhadze has written a book "Financial Analysis in Practice", which is already available for Georgian customers in different bookstores.