112 results returned for search: "" category "News" author Jonathan Kent
US share prices plunged yesterday to complete the steepest five-day fall in the history of the Dow Jones Industrial Average as the credit crisis deepened.
Investors were unimpressed by the US Federal Reserve's announcement that it would buy up "comme...
DATE: Oct 08, 2008
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AUTHOR:
Jonathan Kent
Credit rating agency Fitch yesterday gave the thumbs-up to Bermuda's creditworthiness — much to the delight of Finance Minister Paula Cox.
Fitch affirmed Bermuda's issuer default rating at AA+ and its country ceiling rating at AAA.
A strong internati...
DATE: Aug 15, 2008
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AUTHOR:
Jonathan Kent
Forty-seven employees face losing their jobs at XL Capital Ltd.'s Bermuda headquarters, as the company aims to trim its operating costs in difficult insurance market conditions.
XL's chief executive officer Michael McGavick told The Royal Gazette tha...
DATE: Aug 02, 2008
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AUTHOR:
Jonathan Kent
Argus Group Holdings Ltd. yesterday announced its full-year earnings plummeted 58 percent to $15.5 million.
The insurance, pensions and investment company attributed the plunge in profits for the year ended March 31, 2008, to a change in accounting r...
DATE: Jul 05, 2008
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AUTHOR:
Jonathan Kent
Bermuda has the support of one of the most influential politicians in Washington in its attempt to get US funding for the clean-up of pollution at Morgan's Point.
Congressman Charles Rangel, the New York Democrat who heads the House of Representative...
DATE: Jul 04, 2008
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AUTHOR:
Jonathan Kent
US Consul General Gregory Slayton, who has spearheaded a dramatic improvement in Bermuda-US relations over the past three years, faces an uncertain future.
Mr. Slayton, who organised last week's White House meeting between US president George W. Bush...
DATE: Jun 30, 2008
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AUTHOR:
Jonathan Kent
Sitting in the reception area of Congressman Paul Kanjorski's office, I listened hard trying in vain to catch a few words of what was being said behind closed doors.
The audience with the Pennsylvania Democrat who chairs the House of Representatives ...
DATE: Jun 27, 2008
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AUTHOR:
Jonathan Kent
Bermuda-based credit protector Primus Guaranty Ltd. posted a record quarterly loss of $670.1 million yesterday, on the decline in market value of its credit swap portfolio.
The loss broke down to a negative $14.85 a share, as the company said the unr...
DATE: May 07, 2008
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AUTHOR:
Jonathan Kent
Bermuda-based Flagstone Reinsurance Holdings Ltd. reported a seven-percent fall in profits on a dip in investment returns.
The 'Class of 2005' reinsurer achieved improvements in its underwriting performance with operating income, gross premiums writt...
DATE: May 07, 2008
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AUTHOR:
Jonathan Kent
Government's net debt will have soared 42 percent in the space of 12 months by the end of this financial year, figures in yesterday's Budget statement revealed.
And over the next year it is projected to rise by another 37 percent.
Finance Minister Pa...
DATE: Feb 16, 2008
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AUTHOR:
Jonathan Kent
