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Global shares, US yields rise after strong jobs data, debt-ceiling passage

By Chibuike Oguh NEW YORK (Reuters) -Global shares and U.S. Treasury yields rose on Friday following stronger-than-expected job growth data that raised investor expectations that the Federal Reserve could retain its interest rate hikes. Labor Department data showed on Friday that the U.S. economy added 339,000 jobs last month, significantly higher than most estimates and …

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India regulator orders takeover of Sahara India Life Insurance unit by SBI Life

By Nikunj Ohri NEW DELHI (Reuters) -India’s insurance regulator on Friday ordered the takeover of a unit of Sahara India Life Insurance by SBI Life Insurance, following the company’s “continuous deterioration of financial position”. The Insurance Regulatory and Development Authority of India (IRDAI) on Friday said the life insurance business of Sahara India Life will …

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