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.
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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.
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