Categories:Investments

Morning in brief: AIG posts $19.8bn profit on accounting change

  • Print
  • Comment

Japan’s financial regulator tells a firm to stop trading because of suspected losses, while positive economic data helps Asian markets.


Markets
Asian shares rise overnight on the back of improved German business confidence data and steady unemployment claims numbers from the US, according to the Financial Times.



Companies
Insurance giant American International Group (AIG) posts a $19.8 billion (£12.6 billion) profit for the fourth quarter of 2011 after benefiting from a one-time accounting change, Reuters reports.

Japan’s financial watchdog tells AIJ Investment Advisors to cease its operations over worries that the investment firm has lost the bulk of the £1.5 billion in assets it runs, the BBC says.



International
The rift between Australian prime minister Julia Gillard and former leader Kevin Rudd threatens to hamstring the Labor government’s chances of re-election next year, according to Bloomberg.


  • Print
  • Comment

Daily Email Updates

If you enjoyed this article, sign up to receive the latest breaking news and analysis for your industry from Fund Web.

The Money Marketing CPD Centre

Time spent reading about technical or regulatory issues can build your annual CPD hours. Log and plan your annual CPD for free with The Money Marketing CPD Centre.



Have your say Edit my profile/screen name

You must sign in to make a comment

Fund Data



Poll

Do you use investment trusts more often now than a year ago?