Thursday, September 18, 2008
AIA to Be Sold?
AIA's US parent AIG Inc was extended a lifeline by the Federal Reserve, a loan of US$85 billion for a 24-month term. In return, the Fed will own 79.9 per cent of the ailing insurance giant. But it is clear that AIG must sell assets to repay the very high interest loan. AIG has the best Asian insurance franchise in life and general insurance of any Western company. Companies named as possible buyers of AIG assets include Prudential, Munich Re and Allianz SE. So, are we really seeing the fall of AIA?
Subscribe to:
Post Comments (Atom)
Popular Posts
-
According to a report in TodayOnline , Temasek-linked firms may post lower dividends this year. Even billionaire Warren Buffett's Berksh...
-
Singapore’s Land Transport Authority has just released an updated official MRT map including one additional station on the North East Line (... -
*********** Try to sleep now, close your eyes Soon the birds would stop singing Twinkling stars, are shining bright They'll be watch...
-
Robocopy, short for "Robust File Copy" is an advanced command-line utility included in Windows. It's designed to copy files an...
-
I would like to apologize that sigining of my guestbook is not possible at the moment due to an unexpected bug. There is already 74 entries ...
No comments:
Post a Comment
Do provide your constructive comment. I appreciate that.