1727 results returned for search: "" category "Business" author Jonathan Kent
The Argus Group is being sued by a life insurance client who saw their policy's cash value slump due to investment exposure to funds operated by disgraced financier Bernard Madoff.
The legal move came after Argus sent out an e-mail to some clients la...
DATE: Jan 23, 2009
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AUTHOR:
Jonathan Kent
Walker Christopher Ltd.'s Front Street jewellery store is to close for the next five weeks or so for renovations.
Yesterday, work was going on in the empty interior of the premises, at 9 Front Street, opposite the Bank of Bermuda's head office.
A not...
DATE: Jan 21, 2009
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AUTHOR:
Jonathan Kent
Bermuda Container Lines Ltd. (BCL) yesterday announced that its earnings through the first nine months of 2008 fell 13.3 percent to $2.82 million after a substantial fall in investment income.
And a dramatic reduction in imports since mid-October doe...
DATE: Jan 21, 2009
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AUTHOR:
Jonathan Kent
Bermuda recorded a current account surplus of $548 million in the third quarter of 2008 — a rise of 30 percent compared to the same period the previous year — despite a plunge in tourism revenue.
The surplus, which reflects the difference between rec...
DATE: Jan 20, 2009
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AUTHOR:
Jonathan Kent
Bermuda-based investment funds lost $39 billion of their net asset value in the third quarter of last year, when world markets plunged.
The latest figures published by financial regulator the Bermuda Monetary Authority (BMA) showed the total value of...
DATE: Jan 20, 2009
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AUTHOR:
Jonathan Kent
Bermuda is in the American political spotlight once again with the publication of a report on "tax havens" which shows that the 100 largest US corporations have a combined total of 229 subsidiaries on the Island.
The Government Accountability Office ...
DATE: Jan 19, 2009
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AUTHOR:
Jonathan Kent
Argus Group Holdings Ltd. is working with fund managers and lawyers to explore whether it will be possible to recover any of the money at risk in some of its pension and investment fundsaffected by exposure to the alleged Bernard Madoff fraud.
In a l...
DATE: Jan 16, 2009
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AUTHOR:
Jonathan Kent
Tyco Electronics yesterday became the latest Bermuda international company to announce its intention to move to Switzerland.
The company, which is one of the world's biggest makers of electrical components was formed in June 2007, said in a statement...
DATE: Jan 15, 2009
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AUTHOR:
Jonathan Kent
Phoenix Stores Ltd. plans to open a new Dockyard pharmacy aimed principally at gaining trade from cruise ship passengers.
The company's chief executive officer George Grundmuller said the target opening date for the new store, at 7 Camber Road in the...
DATE: Jan 15, 2009
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AUTHOR:
Jonathan Kent
Property developer Sir John Swan said the Government was right to grant permission to XL Capital and American International Group to sublet part of their Bermuda headquarters to other companies.
The former Premier said XL's decision to rent out the o...
DATE: Jan 13, 2009
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AUTHOR:
Jonathan Kent
