NEW YORK - Global equity markets advanced on Monday, driven higher by a flurry of merger and acquisition activity, while a recent tumble in the yen against the dollar halted after Japan's economy minister suggested the currency might have weakened enough.
FRANKFURT - New solar installations reached a fresh record of 7.5 gigawatts (GW) in Germany in 2011, playing into the hands of advocates for steeper cuts in tariff subsidies to reduce growth of solar power and the resulting higher costs for consumers.
ING sells stake in India's Vysya Life Insurance
AMSTERDAM (Reuters) - Dutch banking and insurance group ING (ING.AS) said on Wednesday it has agreed to sell its 26 percent stake in India's Vysya Life Insurance to its joint venture partner Exide Industries (EXID.NS).
ING said the divestment is part of its sale of all of its Asian insurance and investment management operations.
The sale of Vysya Life Insurance does not impact ING Vysya Bank (VYSA.NS), a listed Indian bank in which ING has a 44 percent stake, nor ING's fund management operations in India, ING said in a statement.
(Reporting by Gilbert Kreijger; Editing by Sara Webb)
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