U.S. mulls paying companies, tax breaks to pull supply chains from China

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WASHINGTON (Reuters) – U.S. lawmakers and officials are crafting proposals to push American companies to move operations or key suppliers out of China that include tax breaks, new rules, and carefully structured subsidies.

FILE PHOTO: U.S. President Donald Trump looks at an assembly line during a tour of Honeywell’s facility manufacturing protective face masks for the coronavirus disease (COVID-19) outbreak in Phoenix, Arizona, U.S., May 5, 2020. REUTERS/Tom Brenner/File Photo

Interviews with a dozen current and former government officials, industry executives and members of Congress show widespread discussions underway – including the idea of a “reshoring fund” originally stocked with

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AIG breaks records with new Lloyd’s syndicate

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American International Group, Inc. (AIG) made history on Monday with the launch of the largest ever syndicate through Lloyd’s.

Syndicate 2019 has been set up to exclusively reinsure risks from AIG’s Private Client Group (PCG), which has a leading market position in the high net worth (HNW) segment. AIG has secured significant capital support for the syndicate from third-party investors and capacity providers. When combined with its existing Lloyd’s operations, AIG now operates the ninth largest managing agency in the Lloyd’s market, in terms of capacity.

“Syndicate 2019 is a unique and industry-defining structure between AIG and the oldest insurance

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KFC owner Yum Brands breaks junk debt market’s fast

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(Reuters) – Yum Brands Inc (YUM.N), owner of Pizza Hut, KFC and Taco Bell restaurant chains, sold $600 million in bonds on Monday, reopening the U.S. market for junk-rated debt issues after its longest lull since the 2008 financial crisis.

A vehicle waits at the drive-thru window of a Kentucky Fried Chicken (KFC) after a state mandated carry-out only policy went into effect in order to slow the spread of the novel coronavirus (COVID-19) in Louisville, Ky, U.S. March 24, 2020. REUTERS/Bryan Woolston

Yum’s bond offering represented a glimmer of investor demand in one the riskiest corners of

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