Insurer Aviva posts 7.0-percent sales rise, targets Asia expansion
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Aviva, the biggest British insurer, said sales of its worldwide life and pensions rose by 7.0 percent to 1.84 billion pounds (2.64 billion euros, 3.37 billion dollars) in the nine months to September, as it looked to further expand operations in Asia.
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Britain&#039;s biggest insurer, Aviva Plc  , is in talks to buy U.S. life insurer AmerUs Group Co  , valued at over &#36;2.5 billion, in a deal that would  boost Aviva&#039;s undersized presence in the booming U.S. market.
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Private equity firm Blackstone Group&#39;s   initial public offering was about seven times  subscribed, boosted by demand from Asia, the Middle East and  Europe, the Financial Times reported on Thursday.
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Healthy company results and outlooks lifted Japanese shares on Tuesday and stocks elsewhere in Asia hit a record, while the yen strengthened ahead of a Group of Seven meeting this weekend.
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Shares of Elan Corp., Ireland&#39;s biggest drugmaker, rose as much as 7.7 percent after a newspaper reported that the company&#39;s US partner Biogen Idec Inc.
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Strong export demand helped Japan to grow at a rate of 3.7% in the last quarter of 2007, figures show.
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Insurance group Prudential said Tuesday that sales of new insurance policies soared by more than a fifth last year, aided by a sterling performance in Asia.
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Aviva PLC , Britain&#039;s largest  insurer, is in talks to buy U.S. rival AmerUs Group Co ,  the Financial Times reported on its website on Friday.
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Asian stocks outside Japan hit a 7-year high Monday as falling oil prices eased concern over corporate profits and shares in display makers surged on hopes flat-screen prices will hit bottom soon.
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British American Tobacco smoked out a rise in net profits of more than 7.0 percent last year when the company was bolstered by rising sales in Asia and South America, the group said Thursday.
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Strong results from two leading insurers topped a busy day of positive earnings news in Europe on Thursday, helping the FTSE Eurofirst 300 rise 0.3 per cent to 1,539.94.
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Aviva, the company that owns Norwich Union, has announced that up to 7,000 jobs that service UK business will be offshored by 2007.
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Limited Brands Inc.  said on  Thursday its sales at stores open at least a year rose 7  percent in May.
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Toyota Motor Corp. said on Tuesday it expects its group-wide auto sales to rise 7 percent next year to a record 8.03 million vehicles globally as
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IBM, HP, Sun and Dell lead the market, which saw 7.7 percent revenue growth in the second quarter, compared with a year earlier.
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The company said second-quarter profit rose 7 percent, to $460 million, helped by higher information technology sales and an insurance gain at its shipbuilding unit.
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London, September 22: Britain&#39;s leading insurance company Aviva on Wednesday announced plans to shift another 760 jobs to India, in addition to the 3,700 jobs already created in the country.