Free Republic 3rd Qtr 2025 Fundraising Target: $81,000 Receipts & Pledges to-date: $18,643
23%  
Woo hoo!! And we're now over 23%!! Thank you all very much!! God bless.

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  • Ping An seeks China govt help over Fortis losses (Chinese insurer wronged by Belgians?)

    12/02/2008 1:29:02 AM PST · by TigerLikesRooster · 2 replies · 315+ views
    Business Times ^ | 11/29/08
    Ping An seeks China govt help over Fortis losses BEIJING/BRUSSELS: Chinese insurer Ping An is asking the Chinese government to help seek compensation from Belgium over its losses following the state-led carve-up of financial group Fortis, a government source said yesterday. Ping An Insurance (Group) Co booked a loss of about 15.7 billion yuan (US$2.3 billion) on its investment in Fortis NV after marking down the market value of its 5 per cent stake in the Dutch-Belgian group. Shares in Fortis have fallen to less than 1 euro from almost 30 euros in April 2007, when it launched its ill-fated...