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Currencies

Wall Street tortoise overtakes Chinese hare

ORLANDO, Florida, Nov 10 (Reuters) - For long-term investors, the famous 'tortoise and the hare' fable is a useful reminder that the stock, sector or country racing ahead today may not be the winner tomorrow.This has been true of the performance of Chinese stocks vis-à-vis Wall Street at nearly every juncture over the past 30 years, perhaps surprisingly, given China's surge to global economic and financial powerhouse status in that time.With economic, trade, and geopolitical relations between the two superpowers at their lowest ebb in decades, investors are more attuned...
Pension

Exclusive: Brookfield weighs move into UK pension insurance market -sources

A view of the British capital's twin financial powerhouse, the City of London and Canary Wharf, in London, Britain March 19, 2023. REUTERS/Yann Tessier/File Photo Acquire Licensing RightsLONDON, Oct 16 (Reuters) - Brookfield (BN.TO), through its affiliate Brookfield Reinsurance (BNRE.N), is weighing entering Britain's burgeoning pension insurance industry and is open to an acquisition to bolster growth, three people familiar with the matter told Reuters. The company is scanning the market for potential deals to access the bulk annuities space, where possible targets could include companies like Just Group (JUSTJ.L)...
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