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Insurers poised for US break on investment losses from high rates

The change, whose scope and financial impact are first reported here, will free up cash which insurers can use to write new policies, invest in their business, or boost their share price through dividends and stock buybacks, according to their financial disclosures and analysts who cover them. At least 23% of life insurers rated by credit ratings agency Fitch stand to benefit, because their interest rate maintenance reserves (IMR), which reflect gains or losses from interest rate changes, were ...
New York United States Steven Zabel David French Edward Stone Greg Roumeliotis
Source: yahoo.com

Shares rise, Treasury yields fall as US jobless claims surge

NEW YORK/LONDON (Reuters) -World stocks rose on Thursday and Treasury yields edged lower as investors leaned toward bets that the U.S. Federal Reserve is likely to abstain from raising interest rates next week. This view was bolstered by Thursday's data showing the number of Americans filing new claims for unemployment benefits surged to their highest in over 1-1/2 years. The pan-European benchmark STOXX 600 index was flat, while Asian markets struggled overnight.
United States Societe Generale Michael Hewson Mark Potter Tayyip Erdogan Marc Jones
Source: aol.com

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