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Finance

Aviva weighs bid for RSA’s UK consumer unit -sources

A sign of RSA insurance company is pictured outside its office in London in this December 13, 2013. REUTERS/Toby Melville/File Photo Acquire Licensing RightsLONDON, Oct 6 (Reuters) - Aviva Plc (AV.L) is among a small handful of insurers exploring bids for the UK consumer operations of rival RSA, two people familiar with the matter told Reuters.RSA's owner, Intact Financial Corp (IFC.TO), said last month it was reviewing strategic options for RSA's personal lines business, which includes home and pet insurance, to focus on commercial insurance.Suitors have been asked to submit...
Finance

Macquarie weighs sale of stake in UK offshore wind farm Race Bank -sources

LONDON, Oct 6 (Reuters) - Macquarie (MQG.AX) is considering selling its 25% stake in Race Bank, a 573 megawatt offshore wind farm located off Britain's Norfolk coast, according to two sources with knowledge of the matter.The infrastructure group is working with advisors on the sale, which could value the wind farm at up to 3 billion pounds ($3.66 billion), one of the people said. Race Bank started production in 2018 and provides enough power for the equivalent consumption of more than 510,000 homes, according to the website of Orsted (ORSTED.CO),...
Banking

Fed officials largely sanguine about rise in US bond yields

San Francisco Federal Reserve Bank President Mary Daly poses at the bank’s headquarters in San Francisco, California, U.S., July 16, 2019. REUTERS/Ann Saphir/File Photo Acquire Licensing RightsOct 5 (Reuters) - Federal Reserve officials on Thursday indicated little concern that the recent rise in U.S. Treasury yields could imperil a "soft landing" for the economy, and said it could actually help the central bank in its fight against inflation.The Fed held its benchmark overnight interest rate steady in the 5.25%-5.50% range last month, but signaled that one more quarter-percentage-point hike would...
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