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The Royal Gazette/BSX closed yesterday up 7.41 per cent at 1387.55 after 45,000 shares worth a total of $189,240 changed hands.
The biggest mover was comms firm KeyTech, which saw 17,200 shares change hands, leaving the firm’s shares 60 (17.1 per cen...
DATE: Oct 07, 2014
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CATEGORY:
Bermuda Stock Exchange
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AUTHOR:
Raymond Hainey, Assistant News Editor
Financial services firm EY earned nearly $27.5 billion in revenues in its last financial year, the company reported this week.
EY earned $26.4 billion globally — with the Americas area, which includes the Bermuda arm, posting around $11.5 billion in ...
DATE: Oct 06, 2014
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
The Royal Gazette/Bermuda Stock Exchange closed down 8.47 at 1,380.15 for the week.
A total of 228,108 shares changed hands for a value of $728,816.00.
Decliners ranged across banking, insurance and utilities.
KeyTech Limited was the biggest decline...
DATE: Oct 06, 2014
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CATEGORY:
Bermuda Stock Exchange
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WASHINGTON, TRENTON, WILMINGTON (Bloomberg) — Brookfield Property Partners LP, the winning bidder for the shuttered Revel casino and hotel in Atlantic City, New Jersey, said it plans to reopen the property as it expands its investments in gambling ve...
DATE: Oct 06, 2014
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CATEGORY:
Other
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IT veteran Shannon Gosse is to join technology firm Ignition as business development manager.
Mr Gosse — who formerly worked at telecoms firm Digicel and the Bermuda IBM arm — will manage all key areas of development.
He said: “I am thrilled to join ...
DATE: Oct 04, 2014
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
Dear Dave —
Can you explain the ‘asset allocation’ theory when it comes to investing?
Matthew
Dear Matthew —
The asset allocation theory is one touted by lots of people in the financial community. It’s also a theory with which I disagree.
In short, ...
DATE: Oct 04, 2014
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CATEGORY:
Personal Finance
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The Royal Gazette/Bermuda Stock Exchange closed down 7.41 yesterday to finish trading at 1,380.15.
Some 20,200 shares traded at value of $79,400.00.
Argus Group Holdings saw 20,00 shares change hands at an unchanged 3.95, while KeyTech Ltd traded at ...
DATE: Oct 04, 2014
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CATEGORY:
Bermuda Stock Exchange
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NEW YORK (Bloomberg) — The Federal Reserve Bank of New York poured billions of dollars into rescuing American International Group in September 2008 without drawing up documents that would cement the government’s control of the giant insurer, the bank...
DATE: Oct 03, 2014
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CATEGORY:
Reinsurance
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A former White House cyber security expert yesterday said Bermuda was well-placed to protect itself against attacks on computer networks.
Jason Healey, a former US Air Force intelligence officer, added that Bermuda’s small size offered advantages and...
DATE: Oct 03, 2014
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
Veteran reinsurance chief Tatsuhiko Hoshina has stepped down as CEO of the firm he helped found in Bermuda more than a decade ago.
But Mr Hoshina will continue his links with the company as vice-chairman of the board of directors of Tokio Millenium R...
DATE: Oct 03, 2014
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CATEGORY:
Reinsurance
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AUTHOR:
Raymond Hainey, Assistant News Editor