2353 results returned for search: "" category "Other" author Jonathan Kent
The Bermuda Government yesterday raised $500 million in a public bond offering that was six times oversubscribed.
Government will pay a fixed interest rate of 5.6 percent on the 10-year bonds, or a total of $28 million a year.
Originally, the intenti...
DATE: Jul 14, 2010
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Government is today set to try to raise up to half-a-billion dollars in a sale of 10-year bonds.
According to an explanatory note sent out to some financial institutions yesterday, Government intends to raise between $400 million and $500 million tod...
DATE: Jul 13, 2010
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AUTHOR:
Jonathan Kent
Shares of Ace Ltd. soared nearly five percent on Friday after the news that the company is to be readmitted to the Standard & Poor's 500 Index.
The global property and casualty insurer, which has substantial operations in Bermuda, was picked to repla...
DATE: Jul 12, 2010
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Argus Group Holdings Ltd. today announced a net full-year loss of $18.4 million - due mainly to the plunge in value of its stake in Butterfield Bank after what chief executive officer Gerald Simons described as a “challenging year”.
The insurer, pen...
DATE: Jul 12, 2010
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Other
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AUTHOR:
Jonathan Kent
Bermuda ranks number 22 in the world in terms of its use of information communication technology.
That is according to the latest Economist Digital Economy Rankings, formerly known as the E-Readiness Rankings, which show the Island has dropped one pl...
DATE: Jul 08, 2010
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Bermuda can’t afford to be “stuck in transition” waiting for telecommunications reform, according to TeleBermuda International Ltd. president Gregory Swan.
Mr. Swan said Government’s proposed changes to the telecoms regulatory framework which would...
DATE: Jul 07, 2010
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Other
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AUTHOR:
Jonathan Kent
Government has backed down on its previously stated intention to push telecommunications industry reform through the House of Assembly before the summer recess.
A spokesman for the Ministry of Energy, Telecommunications and E-Commerce (METEC) told te...
DATE: Jul 02, 2010
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AUTHOR:
Jonathan Kent
Strategic risks pose the biggest threats to companies' existence — but bosses are struggling to find effective ways of managing those risks.
That was the message from William Montanez, director of risk management at Ace Hardware, an international com...
DATE: Jul 01, 2010
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
The conditional merger agreement between Bermuda Commercial Bank Ltd.'s new owners and First Bermuda Group Ltd. has lapsed, the bank announced last night.
But talks aimed at achieving the merger will continue, BCB chairman Michael Collier confirmed.
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DATE: Jul 01, 2010
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AUTHOR:
Jonathan Kent
Bermuda is still perceived as a place to hide things by some in the American business community.
That is according to an anecdote relayed to delegates at the Bermuda Captive Conference yesterday by panellist Keith Ryan, vice-president, director of fi...
DATE: Jul 01, 2010
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
