AIG sale of ILFC expected early next week - source

NEW YORK Fri Dec 7, 2012 10:04am EST

NEW YORK Dec 7 (Reuters) - Insurer American International Group Inc is expected to announce the sale of its airplane leasing business ILFC to a Chinese consortium early next week, a source familiar with the situation said on Friday.

The person, speaking on condition of anonymity, said AIG would retain a small minority stake in ILFC as part of the deal with a group that includes Industrial and Commercial Bank of China Ltd (ICBC).


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.