• Capital Cube2 hours ago

    ETF’s with exposure to Impala Platinum Holdings Ltd. : September 30, 2016

    Categories: ETFs Yahoo Finance Click here to see latest analysis ETF’s with exposure to Impala Platinum Holdings Ltd. Here are 5 ETF’s with the largest exposure to IMPUY-US. Comparing the performance and risk of Impala Platinum Holdings Ltd. with the ETF’s that have exposure to it gives us some ETF choices that could give us similar returns with lower ... Read more <b>(Read more...)</b>

  • Reuters14 hours ago

    CNO units cut agreements with Beechwood due to Platinum exposure

    CNO Financial Group Inc on Thursday said that two of its subsidiaries were terminating agreements with reinsurer Beechwood Re, after regulators in two states said that many assets managed by Beechwood were not compliant with insurance company guidelines because of exposure to troubled hedge fund manager Platinum Partners. CNO said in a filing with the U.S. Securities and Exchange Commission that subsidiaries Bankers Conseco Life Insurance Company and Washington National Insurance Company were terminating reinsurance agreements with Beechwood and recapturing approximately $550 million of long-term care liabilities, essentially bringing the risk of the policies back in-house. Carmel, Indiana-based CNO, whose stock has already declined more than 15 percent on news of its Platinum exposure, estimated it would lose about $55 million, pending an audit by year-end of hard-to-value assets, which it believes were incorrectly priced by Beechwood.

  • Gasoline Demand Set To Collapse
    Oilprice.com16 hours ago

    Gasoline Demand Set To Collapse

    U.S. gasoline consumption in August hit a new peak at 9.7 million barrels a day, but on close scrutiny, the future growth of gasoline is under threat