NEW YORK, March 8 U.S. Treasury yields added to their earlier rise on Wednesday with benchmark yields hitting their highest levels since December as payroll processor ADP said U.S. companies hired 298,000 workers in February, the most since the December 2015.
The yield on two-year Treasury notes reached levels last seen in August 2009 with the latest ADP report cementing expectations the Federal Reserve will raise interest rates at its policy meeting next week. The two-year yield was last at 1.362 percent, up 3 basis points from late Tuesday. (Reporting by Richard Leong; Editing by Chizu Nomiyama)
Fairfax Financial to sell 12.2 pct of Indian insurer ICICI Lombard
MUMBAI, May 27 Canada's Fairfax Financial Holdings plans to sell a 12.2 percent stake in its Indian joint venture insurer ICICI Lombard in a deal that will value the company at 203 billion rupees ($3.15 billion), the Indian company said on Saturday.
UPDATE 1-China April industrial profits up 14 pct but slowing pace stokes economy worries
* Jan-April profits up 24.4 pct YOY; Jan-March up 28.3 pct (Adds details of data, comments from stats bureau)