|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||23.52 - 23.89|
|52 Week Range||18.40 - 23.96|
|Beta (3Y Monthly)||1.55|
|PE Ratio (TTM)||30.12|
|Forward Dividend & Yield||1.34 (5.97%)|
|1y Target Est||27.16|
DWS Group is considering various options including joint ventures and distribution partnerships, the people said. The company isn’t looking at scenarios where Deutsche Bank would lose control over the unit, the people said. Shares of DWS reversed gains on the news and were down 0.75 percent at 5:09 p.m. in Frankfurt after rising as much as 1.3 percent earlier.
French insurance firm AXA said on Tuesday it provided insurance coverage for two of the contracting firms that were working on Notre-Dame's restoration prior to the blaze that devastated the cathedral. Police have begun questioning the workers involved, the prosecutor's office has said. The French insurer also said it provided insurance coverage for some of the relics and religious artworks displayed in the cathedral.
Axa, France’s biggest insurer, is facing potential claims from the Notre-Dame fire via cover provided to two of the contractors working on the cathedral. The company on Tuesday evening said it had provided civil liability insurance to Europe Echafaudage and Le Bras Frères, two of the companies working on the rebuilding project. Axa said in a statement: “The cause of the fire is currently under investigation.
NorthStar Realty Europe Corp., which has $1.3 billion of properties in Europe, fielded a second round of bids this week, said the people, who asked not to be identified because the plan is private. The REIT has come under pressure from a major shareholder to sell assets and return cash to investors via dividends or stock buybacks, and hired Goldman Sachs Group Inc. in November to conduct a strategic review of the business. NorthStar Realty Europe’s shares rose 3 percent to $18.10 at 9:32 a.m. in New York.
The regulator, based in Dublin, wrote to 53 U.K. mutual funds known as UCITS warning them they will lose the right to sell access to their funds in Ireland and the EU after the U.K. becomes a so-called third country outside the bloc, the regulator said in an email response to questions. It also forewarned them that it’s a criminal offense for an unauthorized firm to provide financial services in Ireland, and asked for details of any Irish investors in relevant funds by April 12.
A toxic combination of fickle trends and macro angst is making factors -- investing based on share attributes like profitability and market capitalization -- behave in similar ways. At the same time, this cautious rally has juiced safer stocks offering low volatility or healthy fundamentals, making defensive assets pricey. “The market isn’t going up because of cyclical reasons, the market is going up because there’s no alternative in bonds,” said Lode Devlaminck, managing director of global equities at DuPont Capital Management.
It’s called parametric insurance, and it aims to provide a quick-cash payout within days after a storm hits, beating federal disaster aid to the punch with no restrictions on the money’s use. Among the recent clients of reinsurer Swiss Re AG are Louisiana, one of the most hurricane-prone states, and the Miami-Dade County school board. Louisiana gets up to $1.25 million if a named storm produces winds of 80 miles per hour for at least a minute, while Miami-Dade gets $10 million if wind speeds there exceed 87.5 miles per hour.
Blame financial repression, ‘Japanification,’ or the hangover from relentless monetary stimulus. Whatever your worldview, the frenetic global bond rally spurred by recession angst has pushed the market back to December 2017 levels -- when the European Central Bank was fast accumulating tens of billions of company debt, fueling a yield famine in its wake. At 230 billion euros ($259 billion), some 16 percent of obligations now guarantee losses if held to maturity, according to data compiled by Bloomberg.
French President Emmanuel Macron appointed legislator Amelie de Montchalin as new European affairs minister on Sunday to replace Nathalie Loiseau in a small, expected cabinet reshuffle two months before the European elections. Loiseau quit her job on Wednesday to lead Macron's party for the European election campaign. The vote will be held in France and the other countries of the European Union in late May.
As benchmark Treasury yields trade at December 2017 lows and those on German bunds sink deeper into negative territory, century bonds riddled with interest-rate risk are suddenly one of the market’s biggest outperformers. Investors have vanquished their rate fears and now see central banks spoon-feeding returns through the rest of the credit cycle as the Treasury yield curve flashes recession fears.
This is lamentable considering the shared purpose of the two kinds of retirement accounts: both are tax-qualified, each is a defined-contribution pension account and both are treated as retirement accounts for legal purposes.(1) The main distinction is that 401(k)s are governed by 26 U.S. Code § 401 and are covered by the Employee Retirement Income Security Act, known by its acronym Erisa. If it’s a for-profit corporation, partnership or limited-liability company, then the retirement plan is the 401(k). For many 403(b) account holders, the plan sponsor and the employer are two different entities.
Property and casualty insurers are starting to deploy artificial intelligence to assess insurance risks with the goals of improving policy pricing and finding new business opportunities. AXA XL, the Bermuda-based subsidiary of global insurer AXA SA, is testing a natural language processing program that can analyze hundreds of property-loss prevention reports in minutes, a task that would take a human risk analyst days or even weeks to complete. The reports, prepared by field engineers from on-site visits, contain details such as structural features and potential risks like hazardous materials. , has invested an undisclosed amount in AI startup Cytora, which develops machine learning and natural language processing.
1057 GMT - RELX’s 2018 results come with few surprises, as the key indicators are broadly in line with expectations, Citi says. “Steady predictable organic growth is why investors like RELX,” Citi analysts say. Although the company’s adjusted operating profit falls a touch short of expectations, adjusted EPS is slightly ahead of analysts’ estimates, Citi says.
It’s only a few months ago that the world’s biggest commodity trader was promoting coal as – don’t laugh – a viable part of global emissions-reduction plans. Now Glencore Plc, the largest supplier of thermal coal to the international market, is promising to cap production for the foreseeable future at around current levels of 145 million metric tons a year, David Stringer of Bloomberg News reported Wednesday. Anglo American Plc attempted to sell all its coal assets during its abortive restructuring in 2016, but gave up because no one was willing to buy them at a price it found acceptable.