04-08-2016 16:06 via news.yahoo.com

Manulife posts 'disappointing' earnings; shares fall

By Matt Scuffham TORONTO (Reuters) - Manulife Financial Corp , Canada's biggest life insurer, reported lower-than-expected quarterly earnings and warned of a future C$500 million ($382 million) charge, sending its shares lower on Thursday. Manulife blamed its disappointing second-quarter earnings on a sharp decline in interest rates as well as market volatility that Chief Financial Officer Steve Roder said was due in part to Britain's vote to leave the European Union. "We hope it's not represent
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