Business

American International Group Inc (AIG.N) said it would sell its aircraft-leasing business to AerCap Holdings NV (AER.N) in a deal valued at about $5.4 billion, marking the insurer's exit from its last non-core business. AIG, which was nearly wiped out...

The Lloyd's of London LOL.UL insurance market has appointed its first ever female chief executive, to replace Richard Ward who announced he was stepping down from the role in July. Inga Beale, a 30 year industry veteran who was previously...

Renault (RENA.PA) plans to harness its Formula One renown and alliance with Nissan to build a 3 percent market share as a latecomer to China, after signing a joint venture deal with Dongfeng Motor Group (0489.HK) on Monday. The French...

Standard Chartered's recent decision to strip its finance director of responsibility for risk oversight was the result of intervention by Britain's financial regulator, two sources with knowledge of the process said on Monday. The Asia-focused bank said two weeks ago...

Support from a Europe-wide cheap loans scheme that is still on the drawing board offers Portugal a fighting chance of exiting its international bailout successfully, the country's deputy minister for Europe said on Monday. Portugal needs to press ahead quickly...

The cost of closing down a euro zone bank will initially be borne almost fully by its home country, but the obligations of euro zone partners will gradually rise to be shared equitably after 10 years, under the terms...

Asian markets were mostly restrained on Friday as investors fret over the outlook for U.S. policy stimulus, but Japanese stocks forged ahead as the yen slid to a five-year trough on the dollar. The U.S. currency romped up to 103.925...

Airbus parent EADS (EAD.PA) will not chase growth at any cost and will avoid investing in areas where growth looks shaky or inaccessible, the company's strategy chief said on Thursday. The company, which is in the process of selling its...

French carmaker PSA Peugeot Citroen (PEUP.PA) unveiled a 1.1 billion euro ($1.52 billion) writedown at its ailing overseas operations and won General Motors (GM.N) backing for a tie-up with China's Dongfeng. Peugeot and GM also lowered savings goals for their...

Global equities slipped to a one-month low on Thursday after a provisional budget deal in Washington prompted speculation the Federal Reserve policymakers will start trimming its stimulus as early as next week. "The chances of them doing something next week...