2353 results returned for search: "" category "Other" 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
The Bernard Madoff investment debacle could see the insurance industry paying out around $1 billion in claims as investors sue institutions and money managers who put funds into an alleged giant Ponzi scheme.
That is the view of Greg Flood, president...
DATE: Jan 09, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
The annual rate of inflation fell for a second consecutive month in November, but high electricity costs kept it above five percent.
Government figures published yesterday showed consumers paid 5.2 percent more for the Consumer Price Index (CPI) 'bas...
DATE: Jan 08, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Bermuda-based shipping company Nordic American Tanker Shipping Ltd. (NAT) last night announced it would offer three million common shares for sale to raise money for planned future acquisitions.
The company expects to close the sale of the shares on ...
DATE: Jan 08, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Jeweller HS and JE Crisson Ltd. has laid off three employees and temporarily closed three of its nine stores to undergo renovations.
The company's vice-president and general manager Susan Millar said the moves were intended to strengthen the position...
DATE: Jan 07, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Rates for property catastrophe reinsurance — a major industry in Bermuda — rose by around eight percent in January 1 renewals, according to global reinsurance broker Guy Carpenter & Company.
The industry had anticipated harder rates following high ca...
DATE: Jan 07, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Bermuda-based investment company WP Stewart & Co., Ltd. said last night it would cease trading on the New York Stock Exchange (NYSE), as it announced a net loss of $31.2 million for the third quarter of 2008.
And it has applied to change its secondar...
DATE: Jan 06, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
The Bermuda-baseed Orbis Investment Fund owns a 5.25-percent stake in Japan's biggest computer memory chip-maker Elpida Memory.
And yesterday that stake soared in value as Elpida shares rocketed 13 percent on the announcement of merger talks with Tai...
DATE: Jan 06, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
The Royal Gazette / Bermuda Stock Exchange Index lost almost a third of its value in 2008 — one of its worst ever years — as major local companies struggled during the global economic downturn.
The BSX Index closed the year at 3,417, down 1,492.9 poi...
DATE: Jan 02, 2009
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Commercial insurance rates are set to climb by late next year, heralding that start of a longer-than-average hard market, according to insurance industry experts Advisen.
That analysis, published in an Advisen report entitled 'The Hard Market is Comi...
DATE: Dec 31, 2008
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
