Arch Insurance North America, part of Arch Capital Group Ltd. (ACGL), announced Friday it has entered into a master transaction agreement to acquire the U.S. MidCorp and Entertainment insurance businesses, including select specialty insurance programs, from Allianz Global Corporate & Specialty SE (AGCS) for a $450 million cash consideration to Allianz. Arch estimates its capital...
A closely watched report released by the Labor Department on Friday showed employment in the U.S. shot up by much more than expected in the month of March. The Labor Department said non-farm payroll employment spiked by 303,000 jobs in March after surging by a downwardly revised 270,000 jobs in February. Economists had expected employment...
The U.S. Consumer Product Safety Commission or CPSC has announced recalls including Walmart\'s electric mini choppers, children\'s pajamas, child bike seats, bed rails, as well as baby nests and crib bumpers citing various reasons. Walmart\'s Mainstays electric mini choppers were called back due to laceration hazard, and Thule\'s RideAlong rear-mounted child bike seats were recalled...
The Canadian market is up firmly in positive territory around late morning on Friday, led by gains in materials, technology and consumer sector stocks. Data showing a drop in Canadian employment and a rise in the unemployment rate has eased concerns about the outlook for interest rates. Investors are also reacting positively to upbeat non-farm...
The U.S. dollar moved higher against its major counterparts in the New York session on Friday, as strong-than-expected jobs data for March dampened hopes of imminent interest rate cuts by the Federal Reserve. Data from the Labor Department showed that non-farm payroll employment spiked by 303,000 jobs in March after surging by a downwardly revised...
Indian shares are seen opening higher on Monday despite mixed cues from global markets. Investors are likely to keep a close eye on the latest geopolitical developments after Israel said it would pull some troops out from Gaza. Iran continued to prepare a response to a suspected Israeli attack on its consulate in Syria, while...
A legal ruling regarding the fate of crypto mogul Do Kwon’s extradition from Montenegro was returned to a lower court on April 5. Montenegro’s Supreme Court said it had approved the protection of legality of a prior decision from a lower court approving Kwon’s extradition to South Korea. Do Kwon Extradition Left To Montenegro Court...
Asian stock markets are trading mostly higher on Monday, following the broadly positive cues from global markets on Friday, as traders reacted to US data showing much stronger than expected job growth in March that pointed to a robust economy. They also remain cautious ahead of the monetary policy decisions from central banks in the...
Solana co-founder Anatoly Yakovenko revealed on April 5 that the bug causing reduced functionality in the blockchain ecosystem, including transaction failures and a slowdown in block finalization, had been “identified and patched.” Yakovenko added that while the Solana network glitch is fixed, implementing other key updates may not be straightforward. Solana Network Glitch Spurts from...
Indian shares opened on a positive note Monday as new jobs data underscored the strength of the U.S. labor market and economy but prompted traders to scale down their rate cut expectations. The benchmark S&P BSE Sensex rose 363 points, or half a percent, to 74,611 in early trade while the broader NSE Nifty index...