Recovery fears weigh on stocks as yen surges
Recovery fears weigh on stocks as yen surges
World stock markets dropped Tuesday amid fears about the pace of the global economic recovery, which caused the yen to surge to a 15-year high against the dollar and a nine-year best against the euro.
Read more on AP via Yahoo! News
Ping An Insurance Posts 29% Jump in First-Half Profit on Premium Increases
Ping An Insurance (Group) Co. , China’s second-biggest insurer, said first-half profit climbed 29 percent as premiums expanded and its property-insurance unit made money.
Read more on Bloomberg