Ganesh Rao's profile photo

Ganesh Rao

London

Correspondent at CNBC

Journalist @CNBC @CNBCPro. I write about investing trends. [email protected]

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Articles

  • German reinsurers took a $1.9 billion profit hit from LA wildfires in first quarter

    2 days ago | nbcwashington.com | Ganesh Rao |Chloe Taylor

    Mario Tama | Getty Images Munich Re and Hannover Re shared details of costs arising from LA wildfire claims in their first quarter earnings reports on Tuesday. The figures showed Germany's biggest reinsurers took a combined $1.9 billion profit hit from the claims. Germany's biggest reinsurers took a $1.9 billion profit hit in the first quarter from claims related to the recent Los Angeles wildfires.

  • German reinsurers took a $1.9 billion profit hit from LA wildfires in first quarter

    2 days ago | cnbc.com | Chloe Taylor |Ganesh Rao

    An aerial view of homes destroyed in the Palisades Fire on January 27, 2025 in Pacific Palisades, California. Mario Tama | Getty ImagesGermany's biggest reinsurers took a $1.9 billion profit hit in the first quarter from claims related to the recent Los Angeles wildfires. Munich Re, the world's largest reinsurance company, said Tuesday that it anticipated all claims attributable to the wildfires will total around 1.1 billion euros.

  • India's inflation rate slows to 3.16% in April, marking six straight months of decline

    2 days ago | cnbc.com | Ganesh Rao |Lim Hui Jie

    Indian shopkeepers sell summer fruit watermelons at their roadside stalls in a market area in Siliguri, India on May 2, 2025. Watermelon is a very popular fruit during the summer season. Diptendu Dutta | Afp | Getty ImagesIndia's headline inflation eased to 3.16% in April, the sixth consecutive month of decline. The reading was lower than March's data of 3.34%, and is lower than the 3.27% expected by economists polled by Reuters. This was the sixth straight month that the inflation fell.

  • A 'huge win' for bulls: Markets soar on U.S.-China deal as Wall Street sees more upside

    3 days ago | flipboard.com | Chloe Taylor |Ganesh Rao

    NowHong Kong CNN — The United States and China agreed Monday to drastically roll back tariffs on each other’s goods for an initial 90-day period, in a surprise breakthrough that has de-escalated a punishing trade war and buoyed global markets. The announcement, which was made in a joint statement, comes …

  • A 'huge win' for bulls: Markets soar on U.S.-China deal as Wall Street sees more upside

    3 days ago | cnbc.com | Chloe Taylor |Ganesh Rao

    U.S. Treasury Secretary Scott Bessent (R) and U.S. Trade Representative Jamieson Greer hold a news conference in Geneva on May 12, 2025, to give details of "substantial progress" following a two-day closed-door meeting between U.S. and China top officials aimed at ending the tariff war.

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Ganesh Rao
Ganesh Rao @_GaneshRao
9 May 25

The aluminum sector isn't moving to the U.S. despite tariffs — due to one key reason https://t.co/2h0xqZq6BX

Ganesh Rao
Ganesh Rao @_GaneshRao
1 May 25

RT @CNBCi: Americans are soon going to find washing machines, luxury handbags and jet engines become more expensive as a slew of European c…

Ganesh Rao
Ganesh Rao @_GaneshRao
4 Feb 25

How DeepSeek's new AI models are impacting the profits of global companies https://t.co/sUVBKE3Xnb