(MENAFN - AFP) German reinsurance giant Munich Re said Thursday it plans to buy back up to 1.0 billion euros ($1.4 billion) worth of shares by 2015.
"In the period commencing after the 2014 annual general meeting and extending up to the 2015 annual general meeting, Munich Re intends to buy back up to 13 million shares for a maximum purchase price of 1.0 billion euros," ...
(MENAFN - AFP) New Zealand's economy expanded 0.9 percent quarter-on-quarter in October-December 2013, taking annual growth to 2.7 percent, official data showed Thursday.
The figures, driven by a 2.1 percent rise in manufacturing, were in line with expectations and are unlikely to alter the central bank's policy of tightening interest rates, which began earlier this month.
(MENAFN - AFP) Toyota has suspended 17 workers at its Indian auto assembly plants which were temporarily closed this week following protests against delayed pay rises, a union and company official said Thursday.
The workers were suspended for misconduct and indiscipline over the protests at the two factories in southern India, which the company says included threats against ...
(MENAFN - AFP) The brutal murder of a three-year-old boy in a mafia ambush in southern Italy shows that the so-called "code of honour" among members of organised crime groups is pure myth, according to experts.
Domenico was shot dead along with his mother and her partner when the car they were travelling in was attacked by gunmen in Taranto on Monday, sparking reactions ...
(MENAFN - AFP) Russia's intervention in Crimea has cost it "real economic pain," the United States said Wednesday as it readied a new slew of sanctions to punish Moscow for taking over Ukraine's southern peninsula.
"The question at this point is not if we will do more sanctions, it's when," State Department spokeswoman Jen Psaki told reporters.