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| Fixed Annuity Sales Reach a Six-Year High���Beacon Research With an estimated $24.6 billion in premiums, U.S. sales of fixed annuities soared to their highest levels since 2003 in the second quarter of 2008, according to a Beacon Research Fixed Annuity Premium Study based on sales of more than 400 products by 50 insurance companies representing almost 90% of the market. First fixed income fund for Vietnam Vietnam-based asset manager VinaCapital is launching the frontier market���s first fixed income fund today as it seeks to attract foreign investors bruised by one of the world���s worst performing stock markets and aims to take advantage of current high interest rates. Lower fixed rates tempt homeowners Borrowers looking to remortgage to a fixed deal have been given a boost as a host of lenders have lowered their interest rates in the past week. Britannia, Halifax, Nationwide and Abbey have been among the major high street lenders to cut the price of their two-year fixed rate mortgage deals, prompting a surge of interest from homeowners. Update Your Variable Annuity With Section 1035 Thanks to a special tax code clause, you can surrender a variable annuity without paying income tax. Update Your Variable Annuity With Section 1035 Do you own a variable annuity ? You may have thought about surrendering it because of poor performance, or because you found another investment that looks better. But before you cash in your contract, let's take a close look at what that move could cost you. China Telecom says 1st half profit slips 8 percent as revenues for fixed-line service drop Joe Mcdonald August 28, 2008 - 10:10 a.m. BEIJING - China Telecom Ltd. said Thursday its first-half earnings slipped 8 percent as revenues for fixed-line voice service shrank and warned it faces pressure on profits as Beijing carries out a planned restructuring of its telecoms industry. Jefferson County creditors plan to respond next week to county's latest sewer-debt proposal Jefferson County's creditors will respond by next week to a county proposal to restructure existing sewer bonds at lower, fixed interest rates in what officials say is the last chance to solve the county's $3.2 billion sewer-debt crisis short of filing for bankruptcy. Woman claims $2.45 million in Missouri Lotto A 59-year-old Kansas City woman has won half of the $4.9 million jackpot in a recent Missouri Lottery drawing. Marva Wilson will receive $2.45 million before taxes if she chooses the annuity or $1.5 million cash before taxes if she chooses the lump-sum payment. Alitalia paves way for possible rebirth The board of debt-ridden Alitalia threw in the towel on Friday after almost a decade of straight losses and government bail-outs, requesting bankruptcy protection in a move that will pave the way for the break-up of the Italian flag carrier and its proposed relaunch by a consortium of Italian investors. Reference rate fixed at Rs 43.73 per US Dollar Mumbai, Aug 28 : The Reserve Bank of India RBI today fixed the reference rate for US dollar at Rs 43.73 per unit that has remained steady against yesterday's rate, also of Rs 43.73 per dollar. |