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Thomson Bankwatch, the world's largest bank rating agency. Thomson has downgraded the bank's senior debt rating to `A plus' from `AA minus'. The agency blamed poor supervision of the company's London operations and a subsequent total of $50 million i...

As we grapple with how to use the Internet all sorts of crazy things occur, indicating that there is, thankfully, still a Wild West side to the communications network. I'll be optimistic enough to say the Internet is helping to deomocraticise a world...

Bermuda's two main political parties need to demonstrate a national vision and leadership for the Island elements which are currently lacking, Bermuda Land Development Corporation Chairman Vincent Ingham said yesterday. "I have said before that there...

Watlington Waterworks Ltd. made a profit of $408,798 for the year ended December 31, a 158 percent gain over the previous financial year when costs associated with the purchase of Pure Water (Bermuda) Ltd. cut the company's net income in half. The pr...

when it announced that it will cut its projected profits for the year by $33 million in order to cover potential loan losses. The $33 million -- out of a projected $38 million profit for the 1998 financial year -- will be used as a provision for pote...

Here's to a future if we aren't all blown to smithereens by the Millennium Bomb. PC Magazine's June issue describes a cheaper, faster world in its look into the not-so-distant future. Not surprisingly the magazine predicts personal computers will bec...

The hosts of a meeting of top executives have called for the formation of a national task force to help companies deal with the Year 2000 computer problem. MM&I Technology Group and Cable & Wireless have called for a "multi-industry, multi-disciplina...

The Bank of N.T. Butterfield and Son Ltd. was punished for the sins of its past by suffering a downgrade to "A'' from "A plus'' by rating agency Fitch IBCA. However, despite the setback, Bank of N.T. Butterfield and Son Ltd. President and Chief Execu...

Armed with recently granted US patents, Bermuda-based Investors Guaranty Fund, Ltd. has embarked on marketing financial methods and technologies designed to ride the wave of interest in insurance securitisation. The company is hoping to make millions...

business and on its recently rejuvenated global custody department, the company's general manager said yesterday. The company's corporate management subsidiary is also expected to grow, General Manager Peter Roberts told a meeting of the Hamilton Rot...