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TFN NEWS BRIEFING: Banking and insurance highlights to 09:15 BST


Published : Tue, 08 May 2007 09:32
By : Agencies
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2007-05-08 08:39:33

Asian Development Bank launches new carbon finance fund

BEIJING (XFN-ASIA) - The Asian Development Bank (ADB) said that it has

launched a fund to provide capital for carbon credit purchases to support clean

energy projects.

2007-05-08 07:56:31

Allianz China Life opens bancassurance academy in Shanghai

BEIJING (XFN-ASIA) - Allianz China Life, a joint venture between Allianz AG

and CITIC Trust & Investment Co, said it has launched a bancassurance academy in

Shanghai with Shanghai University of Finance and Economics.

2007-05-08 07:38:15

Allianz Q1 revenues fall 1.1 pct to 29.3 bln eur from 29.6 bln

FRANKFURT (Thomson Financial) - Allianz SE said its first quarter revenues

fell 1.1 pct to 29.323 bln eur from 29.641 bln as gross premiums in the

property-casualty division remained flat and the weak US dollar weighed on

revenues.

2007-05-08 07:37:52

Swiss Re Q1 net beats consensus on across-the-board growth

ZURICH (Thomson Financial) - Swiss Re reported a consensus-beating first

quarter net profit of 1.3 bln sfr, a 54 pct increase over the year-earlier

period, due to a continuing good performance across all business segments.

2007-05-08 07:34:25

Munich re's Ergo in talks with India' L&T on insurance venture - report

MUMBAI (Thomson Financial) - Munich Re's primary insurance arm Ergo

Versicherungsgruppe AG has approached India's Larsen & Toubro with a view to

setting up a life and non-life insurance joint venture, India's business daily

The Economic Times reported.

2007-05-08 07:28:12

Deutsche Bank Q1 pretax beats expectations on strong investment income

FRANKFURT (Thomson Financial) - Deutsche Bank AG said first-quarter pretax

profit rose to 3.163 bln eur from 2.601 bln, exceeding analysts' forecasts, on

strong investment income.

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