PRESS DIGEST- Financial Times - Feb 22
Feb 22 The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
* Sees $20 mln-$30 mln losses from windstorm Xynthia
* Says actual losses may vary from estimates
March 12 Bermuda reinsurer Validus Holdings Ltd (VR.N) said it expects losses of $170 million to $270 million related to the recent earthquake in Chile.
Validus also said it expects losses for expected claims from the European windstorm, Xynthia, to be between $20 million and $30 million.
Reinsurers essentially provide insurance to other insurers, allowing the risk of loss to be spread among several carriers.
Shares of the company closed at $26.08 Friday on the New York Stock Exchange. (Reporting by Abhinav Sharma in Bangalore; Editing by Maju Samuel)
Feb 22 Gold held firm on Wednesday after falling as much as 1 percent the session before, with investors waiting for minutes from the Federal Reserve's last meeting for clues on the timing of interest rate hikes. FUNDAMENTALS * Spot gold was steady at $1,236 per ounce at 0054 GMT, while U.S. gold futures fell 0.1 percent to $1,237. * Data showed the U.S. Purchasing Managers Index (PMI) was at 53.9 in February, down from 55.6 in January and expe
Feb 22 The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.