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Insurance Australia Group forecasts lower double-digit growth in gross written premiums

(Reuters) -Insurance Australia Group (IAG) said on Monday its cash earnings for fiscal 2023 more than doubled, buoyed by a rise in premiums in Australia and New Zealand but missed market expectations, sending its shares down 1.2% in early trade. The country's top general insurer posted cash earnings of A$452 million ($290.00 million) for the year ended June 30, up from A$213 million a year ago but missing analysts' average estimate of A$656.7 million, according to Refinitiv Eikon data...
Lisa Shumaker Archishma Iyer Paul Simao Nausheen Thusoo Mark Porter Insurance Australia Group On
Source: yahoo.com

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Drought-Hit Panama Canal Lets More Unbooked Ships Pass

Q24N (VOA) The drought-hit Panama Canal has temporarily limited the number of new reserved passage slots to help ease a bottleneck of ships that are waiting to transit without reservations, the waterway's authority said on Thursday. A logjam of commercial vessels seeking to pass through the canal, one of the world's busiest trade passages, has…
Panama Canal Panama General Ricaurte Vasquez Rolf Habben Jansen El Nino Cheniere Energy

Explainer-Worker disputes at Australian LNG producers roil global gas market

Woodside Energy Group and U.S. major Chevron are locked in a dispute over pay and job security with about 700 workers at four facilities in Australia that produce more than a tenth of the world's liquefied natural gas (LNG). Nearly all workers at offshore platforms that supply gas to the Woodside facility have voted to authorise the union to strike, although unions have not made a call yet. Woodside was "well off the pace on key bargaining issues including job security and remunerati...
South Korea United Kingdom New South Wales Lewis Jackson Sudarshan Varadhan Renju Jose
Source: yahoo.com

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