China Re profits plunge 59% in H1

Group net profits at state-owned reinsurer China Re fell 58.8
percent in the first half of the year to 2.75bn yuan ($412mn).
In a stock exchange announcement in July, the carrier had warned
that net profit could drop by around 60 percent and pointed to
decreased investment income as the main reason for the fall.
The company's investment yields dropped by 4.6 percentage
points to 2.4 percent in the six months to 30 June, which it said
reflected the soft...