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COLOMBO, May 29 Asia Pulse – Sri Lankan stocks closed lower Wednesday with investors seen losing interest in shares whose prices had risen sharply as the market reached record highs in recent weeks, brokers said. The All Share Price Index closed at 4,243.54, down 0.33 percent (14.13 points) while the more liquid Milanka index fell [...]
Archive for May, 2010
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Ambac Financial has the Highest Level of Efficiency in the Property & Casualty Insurance Industry (ABK, AGO, AHL, AXS, AWH)
Posted by gary on May 20th, 2010
Below are the top five most-efficient companies in the Property & casualty insurance industry as ranked by Revenue Per Employee (RPE). Analysts use RPE as a measure to compare the productivity of companies in the same industry. Ambac financial (NYSE:ABK) ranks first with an RPE of $13.35M; Assured Guaranty (NYSE:AGO) ranks second with an RPE [...]
Washington, D.C., Attorney Applauds Maryland Law Boosting Automotive Liability Insurance Amounts
Posted by gary on May 20th, 2010
ashington, DC (PRWEB) May 20, 2010 – Michael Abelson, a lawyer who practices in Maryland and Washington, D.C., says he supports the State of Maryland’s new law requiring higher minimums for automotive liability insurance. “The minimal increase in expense required of the new law will pay untold dividends in the protection of individuals injured in [...]
16TH WORLD FOOD INDUSTRY EXHIBITION OPENS IN BAKU
Posted by gary on May 20th, 2010
WorldFood Azerbaijan, the 16th Azerbaijan International Food Industry Exhibition, today has opened at the Heydar Aliyev Sport and Concert Complex in Baku. The exhibition is organized by Iteca Caspian LLC and ITE Group Plc (UK). The event is supported by the National Confederation of Entrepreneurs (Employers) Organizations of the Republic of Azerbaijan. The partners of [...]
AUSTRALIA TO REVIEW TAX TREATMENT OF ISLAMIC FINANCE
Posted by gary on May 20th, 2010
The Australian government has asked its Board of Taxation to review the treatment of Islamic finance in Australia. “The review will be a comprehensive analysis of Australia’s tax laws to ensure, where possible, they do not inhibit the provision of Islamic finance, banking and insurance products,” Australia’s Assistant Treasurer Senator Nick Sherry said in a [...]
Mando makes strong market debut on S. Korean bourse
Posted by gary on May 20th, 2010
Shares of Mando Corp., South Korea’s leading auto parts maker, got off to a strong start on the Seoul bourse on its first trading day Wednesday, 10 years after it was delisted, analysts said. Shares of Mando started at 97,000 won (US$ 83.84) on the main bourse, up 16.9 percent from its initial public offering [...]
After Yesterday’s Decline of 2.16%, Prudential Financial Offers Investors Better Value
Posted by gary on May 20th, 2010
Prudential financial (NYSE:PRU) traded in a range yesterday that spanned from a low of $56.70 to a high of $60.07. Yesterday, the shares fell 2.16%, which took the trading range below the 3-day low of $59.02 on volume of 4.9 million shares. Shares of Prudential financial are currently trading below their 50-day moving average (MA) [...]
Insurance Giants Pool Money in Fund Purchase on Market Drop
Posted by gary on May 19th, 2010
Chinese insurance giants, including China life insurance Co., Ltd. (SHSE: 601628, SEHK: 2628), the largest life insurance firm in the nation by premium, started pooling money on the purchase of funds when the benchmark stock index hit below 2,700 in the week ended on May 16, 2010. People with knowledge of the matter told journalists [...]
