110 results returned for search: "" category "News" author Jonathan Kent
Butterfield Bank is to receive a $200 million commitment of extra capital from the Government to ensure that it will be well positioned to withstand a severe economic downturn.
The bank, which also announced it made a net profit of $4.8 million in 20...
DATE: Mar 06, 2009
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AUTHOR:
Jonathan Kent
The global financial downturn deepened yesterday, as insurance giant American International Group was bailed out for the third time in five months by the US Government after announcing the biggest loss in corporate history.
Stock markets plunged arou...
DATE: Mar 03, 2009
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AUTHOR:
Jonathan Kent
The lure of an expenses-paid trip to London or Chicago plus an insight into the international insurance industry has attracted only four student applicants for the 12 places offered by a internship programme.
Now the Bermuda Foundation for Insurance...
DATE: Feb 26, 2009
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AUTHOR:
Jonathan Kent
Finance Minister Paula Cox plans to raise the Government borrowing limit to $1 billion to have the necessary tools to deal with a worst-case scenario for the economy.
In her Budget statement yesterday, Ms Cox said the 82 percent increase in the publi...
DATE: Feb 21, 2009
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AUTHOR:
Jonathan Kent
Government has "bet the farm" on a short recession and raided the coffers that could be needed to deal with a lengthier downturn, Shadow Finance Minister Bob Richards said yesterday.
Responding to Finance Minister Paula Cox's Budget statement, the Un...
DATE: Feb 21, 2009
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AUTHOR:
Jonathan Kent
Almost 40 staff face losing their jobs at the Bermuda headquarters of insurer XL Capital this year, as the company looks to cut costs after losing $2.6 billion in 2008.
XL chief executive officer Michael McGavick told The Royal Gazette that a consult...
DATE: Feb 12, 2009
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AUTHOR:
Jonathan Kent
Almost 40 staff face losing their jobs at the Bermuda headquarters of insurer XL Capital this year, as the company looks to cut costs after losing $2.6 billion in 2008.
XL chief executive officer Michael McGavick told The Royal Gazette that a consult...
DATE: Feb 11, 2009
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AUTHOR:
Jonathan Kent
Telecommunications company Digicel has offered its staff voluntary severance packages as it seeks to reduce its number of local employees by 10 percent and expatriate staff by 20 percent.
Employees will have two weeks to decide on whether to take the...
DATE: Jan 12, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Telecommunications company Digicel has offered its staff voluntary severance packages as it seeks to reduce its number of local employees by 10 percent and expatriate staff by 20 percent.
Employees will have two weeks to decide on whether to take the...
DATE: Jan 12, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Telecommunications company Digicel has offered its staff voluntary severance packages as it seeks to reduce its number of local employees by 10 percent and expatriate staff by 20 percent.
Employees will have two weeks to decide on whether to take the...
DATE: Jan 12, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
