2113 results returned for search: "" category "Business" author Raymond Hainey, Assistant News Editor
Bankers have declined an opportunity to reply to an attack by Finance Minister Bob Richards on their lending and interest policies as a drag on Bermuda’s recovery from recession.
Bermuda Bankers’ Association chief Brendan McDonagh, the chairman and C...
DATE: Feb 25, 2014
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CATEGORY:
Economy
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AUTHOR:
Raymond Hainey, Assistant News Editor
Digital TV provider WOW is to muscle in on the telecoms market with a package including phone, internet and television services that could help drive prices down.
WOW president and CEO Stanley Wright said the firm is to offer a range of packages — wi...
DATE: Feb 25, 2014
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
A programme of cuts in public spending of more than $70 million was yesterday announced by Finance Minister Bob Richards.
And he signalled further expenditure cuts of 15 percent over the next three years — but said that there would be no public servi...
DATE: Feb 22, 2014
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CATEGORY:
Economy
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AUTHOR:
Raymond Hainey, Assistant News Editor
Former Premier Alex Scott has warned that Budget cuts should not hit the most vulnerable people in Bermuda.
And he said savings could be made through more efficient Government — rather than through large-scale job losses or privatisation.
He added th...
DATE: Feb 20, 2014
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CATEGORY:
Economy
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AUTHOR:
Raymond Hainey, Assistant News Editor
Union chief Kevin Grant says the Budget should concentrate on building the economy — not cutting jobs.
Mr Grant — president of white collar union the BPSU — added that a multimillion pound cutback programme that involved the loss of hundreds of Civil...
DATE: Feb 20, 2014
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CATEGORY:
Economy
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AUTHOR:
Raymond Hainey, Assistant News Editor
More than $100 million could be slashed from Government expenditure in Friday’s Budget, an economics expert said yesterday.
Consultant Peter Everson predicts that Finance Minister Bob Richards will aim for larger cuts than those proposed by the SAGE ...
DATE: Feb 19, 2014
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CATEGORY:
Economy
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AUTHOR:
Raymond Hainey, Assistant News Editor
Global assets under management will top the $100 trillion mark by 2020, according to a new report by professional services firm PwC.
And the industry will come out of the shadows of related businesses like banking and insurance and move to centre sta...
DATE: Feb 18, 2014
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CATEGORY:
International Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Telecoms watchdog the Regulatory Authority will no longer have to publish its rulings in full in the Official Gazette.
Education and Economic Development Minister Grant Gibbons said the move would cut costs because the Authority’s rulings are often l...
DATE: Feb 17, 2014
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
A major player in the insurance industry in oil-rich Qatar has bought up a Bermuda-based reinsurer.
Qatar Insurance Company (QIC) has taken over Antares, owned by Lightyear Capital and headed by Stephen Redmond, which has a presence on the Island and...
DATE: Feb 14, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
An insurance linked securities investment firm has promoted accountant Jo Anne Stanton to senior vice-president and chief financial officer.
AlphaCat Managers, part of the Validus group of companies, announced the new appointment yesterday.
CEO Lixin...
DATE: Feb 14, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor
