Lloyd's restructuring announced
Article Abstract:
Lloyd's of London hopes its names will drop their lawsuits against the insurer with its $4.4 billion restructuring plan that includes compensation for the investors. The private insurer has lost 8.2 billion pounds sterling since 1988, for which the investors are responsible.
Publisher: Facts on File, Inc.
Publication Name: Facts on File
Subject: Business, general
ISSN: 0014-6641
Year: 1995
Finance, Insurance industry, Lloyd's of London
Publication Name: Facts on File
Subject: Business, general
ISSN: 0014-6641
Year: 1995
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Currency devaluations announced
Article Abstract:
Brazil's currency, the real, was devalued by the nation's central bank on Mar 10, 1995, after currency speculators began to sell the real because of concerns it was overvalued. Brazil also introduced a $7.9 billion austerity plan on Jan 19, 1995.
Publisher: Facts on File, Inc.
Publication Name: Facts on File
Subject: Business, general
ISSN: 0014-6641
Year: 1995
Economic policy, Brazil, Government spending policy, Currency devaluation, Devaluation (Currency)
Publication Name: Facts on File
Subject: Business, general
ISSN: 0014-6641
Year: 1995
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Comment about this article or add new information about this topic:
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