164 results returned for search: "" category "International Business" author Raymond Hainey, Assistant News Editor
A strong Bermuda presence at a major conference for the insurance industry is vital for the Island, Finance Minister Bob Richards said last night.
Mr Richards — speaking en route to the annual Risk and Insurance Management Society (RIMS) conference i...
DATE: Apr 28, 2014
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CATEGORY:
International Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Bermuda is in prime position to capitalise on China’s booming economy, a top trust fund adviser told a conference yesterday.
Joe Field, of London-based global law firm Withers, told the conference that the Island’s trust fund industry could prove att...
DATE: Feb 28, 2014
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CATEGORY:
International Business
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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
Global financial services firm KPMG has paid $8.2 million to settle a US finance industry watchdog’s allegations that it broke rules designed to keep auditors from getting too close to their clients.
Now the Securities and Exchange Commission (SEC) h...
DATE: Feb 13, 2014
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CATEGORY:
International Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Bermuda-based White Mountains Insurance Group made $322 million last year — up $115 million up on 2012, according to its latest figures.
And the firm — which includes OneBeacon, Sirius Group and HG Global/BAM among its subsidiaries — reported an adju...
DATE: Feb 10, 2014
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CATEGORY:
International Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
A Bermuda-based asset manager says his investment company will “vigorously defend itself” after being accused in a complaint by US regulators that it made more than $1.3 million in allegedly illegal short-selling share trading.
Christopher Kuchanny a...
DATE: Feb 04, 2014
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CATEGORY:
International Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
International business is to launch a drive to highlight the sector’s importance to the Island’s economy.
And it is hoped the new campaign will encourage Bermuda residents to pull together to attract new companies to Bermuda and boost its bottom line...
DATE: Jan 28, 2014
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CATEGORY:
International Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Furious French MPs have demanded that Bermuda should be put back on the country’s list of tax havens.
Anger over the decision to remove the Island and Jersey from the list of uncooperative jurisdictions united both the right and left wings in French ...
DATE: Jan 24, 2014
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CATEGORY:
International Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
A Bermuda-based company has invested more than $730 million in a luxury car dealers in booming China.
Jardine Strategic Holdings took a stake in Hong-Kong listed Zhongsheng Group Holdings chain of car dealerships in mainland China through an equity s...
DATE: Jan 21, 2014
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CATEGORY:
International Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Global banking giant HSBC is to sell off its $1.2 billion banking operation in Jordan.
HSBC Bank Middle East has struck a deal to sell its business in the Middle East state to the Arab Jordan Investment Bank.
The Jordanian business was made up of fou...
DATE: Jan 21, 2014
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CATEGORY:
International Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
