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Japan's SMFG, Mizuho post surge in first-half profit as credit costs ease

Two of Japan's megabanks, Sumitomo Mitsui Financial Group Inc (SMFG) and Mizuho Financial Group Inc, on Friday reported a surge in first-half profit as the economy ravaged by the COVID-19 pandemic recovered and credit costs abated.

Russian e-commerce venture SberMarket's transaction volumes triple

The e-commerce arm of Russia's largest lender, Sberbank , said on Friday its transaction volumes tripled in the third quarter, helped by an expanding range of services it offers, including express delivery.

Morgan Stanley Investment Management appoints new emerging markets equity head -memo

Morgan Stanley has appointed Amy Oldenburg as head of emerging markets equity at its investment management business, replacing Ruchir Sharma who is leaving after a 25-year stint at the bank, according to an internal memo seen by Reuters.

Musk's Tesla sales cause a stir, but billionaires sell stock all the time

If trading in the shares of Amazon, Microsoft, Facebook and other billionaire-owned companies is any indication, Tesla co-founder Elon Musk unloading part of his stake in the company may not be bad for the electric carmaker's shares over the long term.

Russia's Sberbank, enhancing AI offering, unveils second supercomputer

A second supercomputer and artificial intelligence (AI) upgrades form part of Sberbank's enhanced offerings of digital services such as cloud computing and virtual assistant software, Chief Technology Officer David Rafalovsky told Reuters on Wednesday.

Risky business: Climate change turns up the heat on insurers, policyholders

Tony and Jhan Dunn never thought they would leave California, where they grew up, built a life together and planned to retire.

Britain's OSB posts 8% rise in lending on strong housing demand

British lender OSB reported on Thursday an 8% increase in its underlying net loans for the nine months ended September and stood by its growth forecasts for the year, driven mainly by strong housing demand as the economy emerges from the pandemic.

Insurer Aviva says capital return and costs targets on track

British insurer Aviva is on track to return at least 4 billion pounds ($5.41 billion) to shareholders and meet cost saving targets, it said on Thursday, as activist investor Cevian pushes for higher returns.

Generali's 9-month profit beats expectations, has 1 bln euros left for potential M&A

Italy's top insurer Generali beat market expectations with its nine-month results on Thursday as its life and asset management segments performed well and said it has about 1 billion euros left to deploy as it continues to look at M&A opportunities.

Aegon, other insurers hit by U.S. COVID-19 deaths in third quarter

Dutch insurer Aegon NV reported a 16% fall in third- quarter operating profit on Thursday due to higher COVID-19 related mortality claims in the Americas, the latest European insurer to suffer from new waves of the pandemic.