CHINA TOPIX

China Oceanwide to Acquire Genworth Financial for $US2.7-B

Ellie Froilan   |

Oct 24, 2016 04:09 AM EDT

China Oceanwide Holdings Group Co. will acquire Genworth Financial Inc. for $2.7 billion in cash to extend aid to the U.S. firm in managing as persistent low interest rates and rising costs stumble down its business.