Business

(Reuters) – American International Group Inc (AIG.N) said on Monday it would reorganize into three new business units and will no longer have Commercial and Consumer businesses. Instead, AIG will have General Insurance led by Peter Zaffino, as chief executive; Life & Retirement, led by Kevin Hogan; and a stand-alone technology-enabled platform, led by Seraina
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TOKYO (Reuters) – Oil prices stood little changed on Monday, keeping most of their gains from the previous session to hold near their highest levels in months, as major producers meeting in Vienna said the market was well on its way towards rebalancing. The Organization of the Petroleum Exporting Countries, Russia and several other producers
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BRUSSELS (Reuters) – The European Commission wants more social protection and rights for casual workers, such as those in the “gig economy”, and others with non-standard contracts to try to tackle growing social inequality. The Commission’s consultation document on these plans, seen by Reuters, is part of a broader reworking of the EU’s economic priorities,
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BEIJING (Reuters) – Citigroup Inc (C.N) expects to boost its revenue growth in China by tapping into opportunities presented by Beijing’s Belt & Road initiative, the bank’s China chief said. The New York-based lender is one of a handful of global banks promoting its cross-border capabilities to capitalize on President Xi Jinping’s Belt and Road
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