HONG KONG (XFN-ASIA) - China Life Insurance Co, the country's largest insurer, said its peers will not be a threat to the company's business development in the mainland's rural areas.

ZURICH (Thomson Financial) - Swiss Re still targets a 13 pct return-on-equity in the long run, the Swiss reinsurance group's new chief executive George Quinn said in an interview with Swiss bi-weekly Finanz und Wirtschaft.

BEIJING (XFN-ASIA) - The China Insurance Regulatory Commission has given approval for a property insurance joint venture between China National Petroleum Corp (CNPC), the parent of PetroChina, and Italy's Assicurazioni Generali SpA.

AMSTERDAM (Thomson Financial) - The Dutch competition authority NMa staged surprise visits on ABN Amro, ING Bank, and Rabobank Monday as investigators looked into suspected price fixing regarding Dutch business loan interest rates, The Financieele Dagblad and other papers reported.

LONDON (Thomson Financial) - European bond-trading platform company MTS SpA will today discuss demands from hedge funds to be given direct access to its interdealer government-bond platforms for the first time, the Wall Street Journal reported.

2007-04-18 05:43:22 Foreclosure rescue plans pose questions prayers had been answered when two young women from Resolutions Foreclosure & Home Mortgages knocked on the door in December 2005.

ALBANY, N.Y. (AP) - New York Attorney General Andrew Cuomo on Tuesday enlisted the support of his counterparts in other states to help investigate what he considers kickbacks in the $85 billion student loan industry.

BEIJING (XFN-ASIA) - China Life Insurance Co(SHA 601628; HK 2628), the country's largest insurer, said net profit was up 75.97 pct at 9.60 bln yuan in 2006 under Chinese accounting standards, driven by high investment returns.

Wall Street traded mostly higher Tuesday, briefly pushing the Dow Jones industrials into record territory after a rise in home construction and a mild reading on consumer inflation encouraged investors to buy.

A: While gold has long been valued as an investment because it doesn't tend to move along with stocks or the dollar, analysts disagree over whether it makes sense to invest in now.

NEW YORK (AP) - Wall Street traded mostly higher Tuesday, briefly pushing the Dow Jones industrials into record territory after a rise in home construction and a mild reading on consumer inflation encouraged investors to buy.

WASHINGTON (AP) - Federal bank regulators called on lenders Tuesday to work with distressed borrowers unable to meet payments on high-risk mortgages to help them keep their homes.

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