PMI Mortgage Insurance Co. (PMI) announced the sale of its entire investment in RAM Holdings Ltd. (RAMR.PK). Terms and conditions of the sale were not disclosed.
The company had impaired its investment in RAM Holding Ltd. in 2008 and reduced the carrying value of the investment to zero.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.