SYDNEY, Nov 24 (Reuters) - Insurance Australia Group (IAG.AX) will form a general insurance joint venture with State Bank of India (SBI.BO), in which IAG will invest A$170 million ($108 million).
IAG said in a statement on Monday it will hold 26 percent of the venture, with an option for 49 percent in the future. (Reporting by Mette Fraende)
NEW YORK (Reuters) - U.S. home prices were unchanged in October, according to the widely watched Standard & Poor's/Case-Shiller indexes released on Tuesday, indicating stabilization in the hard-hit housing sector though the figures dashed hopes for a sixth straight monthly increase.
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